A Word of Caution

There are a number of websites on the Internet which claim to give owners a value for their home. However, in many cases, these websites often provide values which are extremely inaccurate. There are several reasons for the inaccuracies. First, the research is often based on tax records which frequently contain incorrect information. Second, such websites may have lots of data in some areas and very little data in others. Finally, comparable properties used to establish “value” appear to be selected based only on proximity to the subject home, but may not differentiate between neighborhoods. A home in one neighborhood may be a significantly different value than a similar sized home in an adjacent subdivision.
So, if you want to get a “value” for your home, you may want to check out some of these websites, but it is in your best interest to get a second opinion from a local source. I would be happy to provide a comparable market analysis with the appropriate comparables at no charge. Then, before you make any important decisions, you can verify the real value of your home. Contact me at slaunchbaugh@cbtulsa.com to get a free market analysis.