Selling your home or property can be tedious, even if you've done it before. Since your biggest concern is to get the best possible price for your house, you want to ask, “What is my Winter Park property worth?” However, most people don't realize there are a lot of factors that go into determining property worth.
Keep reading for three steps you should take to determine your property's worth. If you're looking for more help, our experienced realtors at Real Estate of Winter Park will help give you a more detailed analysis and offer insight into market trends. It's never too late to get advice! Contact us to help you get the most for your property.
3 Steps to Determine the Property Value for Your Winter Park Property or Home
Start with Online Home-Value Estimators
The internet can be a great tool, especially for gathering information. Many online sites like Trulia and Zillow offer free home-value estimators to help everyday people determine what their property is worth. This is a quick, efficient way to obtain information based on housing data. However, like with all free things, you are only limited to a certain amount of data. You should also be cautious when using these sites because not all information is relevant – it can be outdated or incorrect.
Online sites don't replace relevant experience. They can be a valuable tool, but to get an accurate listing price, you need a professional opinion. The best thing to do is use these sites to get you prepared for hiring a realtor. You can use these sites to collect information about recently sold properties in the area. This way, when you go speak with a realtor, you will have questions prepared when they share their market analysis.
Next, Talk to Neighbors About Property Values in Your Neighborhood
Another way to gain more insight into the market is by going directly to the source. Do you have neighbors selling their homes or that have already left the neighborhood? Reach out to them and ask about their experience. Was their list price higher or lower than they thought? Was there a bidding war? What did they get out of their experience and the market analysis? Market trends can change in the blink of an eye, so take any information you receive with a grain of salt.
Find an Experienced Group of Realtors
The best way to determine the listing price for your Winter Park property is to hire an experienced team of realtors that work directly in the market where your property is located with an excellent track record of success. A professional realtor will take time to do a thorough market analysis by comparing properties based on the features and location of your home with recently sold properties in the area.
Most people believe they can rely solely on sites like Zillow. Zillow is a website that syndicates listing information from multiple MLSs to provide property owners with a Zestimate value of their home. Unfortunately, a “Zestimate” is not always reliable because the data may be outdated or incorrect.
At Real Estate of Winter Park, we know that property valuations are not always accurate on this site. However, we still get calls from people wanting to sell their homes at Zestimate value. It's up to us to explain to the client why we need to do a market analysis to determine what the property is worth. The most accurate information to assess your property's worth is pulled directly from our MLS. We show sellers comparable properties during our market analysis to determine how much your property is worth. We then use that advice to determine the list price for your property. This may or may not reflect the actual market value, which is the price people are willing to pay for a home.
However, we realize that Zillow is still used regularly to compare homes and see available listings. So, it's a great marketing tool. The marketing plan is to get our listings the most exposure possible, so we use Zillow to promote listings at the discretion of our Marketing Committee since there can be inaccurate listing prices, properties that are no longer listed, or maps may be incorrect. It's up to our group to make the best decision for our clients about whether to share their listings on the site.
How Real Estate of Winter Park Can Help You Determine Your Winter Park Property Worth
There's a lot of information out there. Don't let yourself get overwhelmed by it all. Let our experienced team of realtors at Real Estate of Winter Park take the guesswork out of determining your property worth and help you decide the best listing price for your Winter Park property.
With over 125 years of combined knowledge and experience in real estate, Real Estate of Winter Park is your go-to team for determining Winter Park property worth. Our unique broker/owner approach puts your needs first by eliminating inter-office competition. Instead of one realtor, you get an entire team of experienced realtors backing you to bring you the best value for your property.
Don't hesitate to sell any longer. Contact our team to get your house listed!