You can find out the value of a house by doing an internet search.

A website that gives you an estimate for a home’s worth doesn’t necessarily mean you can purchase or sell the property. Many home-valuation websites have disclaimers that warn you about the accuracy of their information.

There are many data sources online that provide information about the median home price in an area, how many properties have been sold, days on the market, and housing inventory. Even if the data is correct and current, it may not be accurate. You may not be able to determine how these numbers translate into the home values of the property you are selling or buying. How do you account for differences between neighborhoods and homes in the area?

Your REALTOR(r), can provide you with accurate and comprehensive information that is relevant to your situation. This will help you make informed real estate decisions. REALTORS(r), who have the experience and training to explain the implications of the most recent market data for your particular situation, can help. Talk to your REALTOR before you become too excited about the online real estate data.

Original Blog: https://www.texasrealestate.com/members/posts/is-that-estimated-home-value-worth-anything/