Online valuations have been around for several years now, and there are now countless websites that offer them. You can find online valuations on real estate websites, Zillow, and even lenders and banks are providing them. However, the accuracy of these online valuations is still questionable, especially in Northern Virginia.
Online valuations are typically based on tax records and previous sales, which may not consider the discrepancies in prices of properties that are right next to each other. For instance, one property might be valued at $2 million while its neighboring property is valued at only $500,000. Additionally, online valuations don't take into account the differences in interior alterations, such as different kitchens, bathrooms, floors, square footage, backyards, and pools.
If you're looking for a more accurate valuation of your property, it's best to contact a professional. As real estate experts, we'll provide you with a broker opinion of value or an estimate of what your property is most likely to sell for in today's market. We'll take a look at your property, inside and out, and give you a personalized assessment that considers all the variables that an online valuation may miss.
Don't rely on online valuations alone; give us a call for a more accurate valuation of your property. Contact us today to learn more.