With talking to a lot of homeowners about marketing and selling their property, I’ve found that one of the most commonly asked questions is what their home might sell for in today’s market. While there are a lot of different factors that affect sales price, one of the major factors is what other homes are selling for in the area. In the past, when appraisers prepared an appraisal of value on a home or condo, they pulled comparable sold properties from the past twelve months. However, given the volatility of the market over the past few years, appraisers now pull comparable sales from the past 6 months.
So, if you’re considering selling your home in the Elizabeth neighborhood, I’ve recorded a quick, behind the scenes video, directly from the Charlotte MLS (Multiple Listing Service) with sales from the past 6 months. By comparing your home to these, it should give you a general idea of the value of your home. If you’d like a more accurate value, click here to send me some quick info on your home. I’ll get back to you quickly with an estimate.
Oh, and if you were considering looking up the value of your home on Zillow, you may want to save the keystrokes for something else. Their “zestimates” are not accurate. If you look at their website, at the “fine” print, you’ll see as of today, in Mecklenburg County, their “zestimates” are within 5% of the true value, ONLY 39% of the time. Further, they are within 10% of the true value, ONLY 66.8% of the time. So, it’s better to ask an expert for their estimate of value.