In this episode of The Commute, we delve into the critical topic of assessing home values. Accurate home valuations are essential for both buyers and sellers, and we explore why relying on a professional realtor is crucial. We discuss the pitfalls of using online tools like Zillow's Zestimate, which often provide inaccurate estimates because they are based on homes currently for sale rather than those sold.
We also address the issues with bad agent comps and how past cash-out refinances can skew home values. The role of appraisals in securing contracts is another key topic, highlighting the need for appraisers to provide factual assessments while realtors offer informed opinions.
Join us as we navigate the complexities of home valuation, emphasizing the importance of professional assessments to ensure fair and accurate pricing in the real estate market.
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