Many of the national real estate websites now offer a programs which purport to give a current market value for a home. Most often using data from tax records, these AVM’s (Automated Valuation Model) calculate a statistical value based on reported sales from the area. Unfortunately, such programs usually ignore differences between neighborhoods and specific features of comparable homes. As a result, the values derived from these programs are often grossly inaccurate.
If you would like to know the real market value of your home, you would be well-served to ask a real estate professional to prepare a Comparative Market Analysis (CMA) for your home. There is no charge for such a service.
Of course, I would be happy to provide you an up-to-date CMA. Since I specialize in home sales in the area, my knowledge of the local market allows me to provide a more accurate analysis of your home’s value than a computer model.
So, please don’t make a decision about selling your home without determining its real market value! Contact me at slaunchbaugh@cbtulsa.com for your free market analysis.