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Deciphering Home Value Estimates

Monday, May 22nd, 2017 at 5:20pm Engel & Völkers Sun Valley

There is no doubt technology has made our lives easier in many ways. With just the tap of a few buttons, we have access to almost infinite information. Therefore, when it comes time to sell our house, we most certainly hit the internet first. Chances are, you will research recent homes that have sold in your area as well as use home value estimator tools. The most common is probably the “zestimate” value that can be found on Zillow.

Home value estimators can be a great place to start, but unfortunately, they are just that…a starting point. While algorithms and analytics can analyze millions of data points, they can only go so far in truly understanding the real estate market neighborhood by neighborhood. And when it comes down to it, the market really does fluctuate by neighborhood.

Because neighborhood specifics are so important, it is imperative to align yourself with a neighborhood expert. An online home value estimator may not be able to properly understand the traffic pattern of the high school kids as they try to cut through the neighborhood. Or the herd of elk that crosses the property each evening providing a fantastic view, but also making growing fruit trees impossible. There are so many little details that go into pricing a house and first impressions can mean a lot to a listing.

Engel & Voelkers Sun Valley has a whole team of neighborhood experts so no matter where you are looking in the Wood River Valley, we have you covered. Our realtors all have different areas of expertise but they all have a plethora of knowledge of the Sun Valley area. Give us a call today and we will recommend the best fit for you.

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