Why That Online Estimate For Your Home is Wrong

Outsourcing your home valuation to an agent who knows the nuances of your neighborhood (like, one who’s been in the Park Cities real estate scene long before the age of Zestimates) is essential to netting you the most for your home. 

No automation here. Find out how much your home is really worth.

Website algorithms are extremely complex, providing homeowners with seemingly-helpful averages of their home’s worth. But the unique value of your home is more than just an average (even Zillow’s former CEO Spencer Rascoff didn’t leave it up to his own formula when it came time to sell his home!). That’s because these algorithms cannot account for variations like these:

  • Upgrades. Or a lack thereof. 
  • Private listingsIf the home next door sold off-market, the website has no idea. A pretty important fact, if you ask us.
  • Layout. Good or bad, room sizes, ceiling heights…the list goes on.  
  • Nuances of your block. Not only do values change from one side to the other — not all homes are actually comparable to yours.  
  • School zoning. Online formulas don’t care what schools you want your kids to go to. 
  • Neighborhood development. Recent real-estate deals and plans (something automation doesn’t know), may increase or decrease the value of your home.
  • Trend lines. Sadly, past performance doesn’t always predict future results. Algorithms primarily go back in time to evaluate a home’s worth, but they don’t get a feeling (because computers don’t feel) for how the market is trending. If the market is trending down or up, home value will change.
  • Bad data in — bad data out. Algorithms are only as good as the data provided, and many online real estate resources don’t have important sold information from one of the biggest real estate databases, NTREIS — therefore the data is going to be grossly inaccurate.

When it comes to the biggest transaction of your life, you can’t leave it up to an algorithm. Trusting a real person — one with the know-how it takes to provide an accurate home valuation — could be the difference between tens (or even hundreds) of thousands of dollars. In this hyper-competitive Dallas real estate market, nailing your asking price is crucial to netting you the most and getting the quickest sale. And for that, you need a professional with decades of intimate neighborhood experience. Those are things we’re passionate about and the reason we’re here. 

What’s your home worth? Get a definitive answer.

We grew up here. We live here. We’ve been buying and selling real estate in the area for two generations, immersed in the ebbs and flows of the local neighborhood markets. Deep ties to the community keep us in the know. It’s not just a slogan… WE KNOW YOUR NEIGHBORHOOD.