Best Three Sources to Find Your Home Value:
1. Free Online Home Value Estimates
Online Boston luxury high rise condo value estimates are all the same in a few ways. The best thing about them is they are all free! The worst thing about them is they are all blind. No online Boston high rise condo value estimator can “see” the interior condition of your luxury property. The online estimates can’t tell if your Boston luxury condo was recently remodeled, completely dated, or a total fixer. This is universally true and the worst part about an online home value estimate, be it a Zillow Zestimate or Redfin estimate (two of the most popular). If your Boston condo is like every other in the Boston luxury high rise condo building, an online home value estimate will probably get you close, but if you have a variety of condos in your neighborhoods like Beacon Hill, then these sources of information are more misleading than useful. For example, Investopedia has written a great article giving 5 great reasons not to trust your Zillow Zestimate.
2. Real Estate Agent Value Estimates
Boston Real estate agents give out what is called a CMA or comparative market analysis. Boston real estate agents have full access to the MLS (multiple listing service) and are typically looking at the same data appraisers are (sold, active, pending homes). But keep in mind, real estate agents are not licensed appraisers and do not give out appraisals! We’ll talk about appraisers next. A good top local real estate agent can give you a market value, an excellent home value estimate – based on their experience in selling homes.
When asked, I’m happy to give a free online professional real estate agent CMA, or Boston high rise condo value estimate. It is always a range, unless I can see the home in person. If you’re looking for a professional valuation at no obligation I’d be happy to create a value range for you without seeing the home in person – as a courtesy. However, if you are looking for an accurate home value estimate because you are considering selling your Boston Midtown home (even if you are a year or more away from doing so) I’d love to come out and see the home in person, give advice on preparing the home for market, and giving an accurate home value estimate. I can even project what your future home value might be in the coming years (of course no one can see the future, or guarantee a future value, but I can give an opinion based on my experience and market trends).
3. Boston Area Appraisers
Appraisers are licensed professionals whose primary role is to create accurate official home value reports, called appraisals. The majority of the time, an appraisal is required by the bank giving the home buyer a loan. The appraiser is typically working for the bank to ensure the value of the home matches up with the loan the bank is giving the home buyer. You might not know it, but you can hire appraisers to work for you! Appraisers can help by giving a neutral party home value report for divorce situations, estate resolutions, and more.
Home Values Are Constantly Changing
Don’t rely on old or bad information! The Downtown Boston housing market moves fast. Online home value estimates are fun and free, but don’t count on them. When you really need a good home value estimate, contact a top real estate agent, and if you need an official value – hire a local appraiser.