Is there an app for that?
Real estate websites and apps are a great way to stay up on the market, see what’s for sale, and research what our own properties are worth. Sometimes, however, there's no substitute for local "real" estate - answers from real people. At The Lee Ann Wilkinson Group, we hear many “frequently asked questions” about the market, but this one has cropped up a lot lately:
Why is there a difference between what you say my house is worth and what Zillow recommends?
Here’s our reply:
At The Lee Ann Wilkinson Group, we recommend a price range through our Comparative Market Analysis program and the Multiple Listing Service. We look at comparable properties currently listed, those under contract and those that have recently sold in a given area. Generally, in-town properties are increasing in value slowly and new communities are starting a bit higher than in past months. Sellers ultimately approve their own asking price - but we typically advise to use caution with apps like Zillow. These apps calculate prices without local market knowledge - and here’s a key point - cannot differentiate between a property that’s one house from the beach and six houses from the beach. We use a combination of historical data plus local on-the-ground knowledge and experience to recommend a listing price.
Feel free to call The Lee Ann Wilkinson Group at (302) 645-6664 with your real estate questions!
As the top selling Realtor in Sussex County for 2014, and the #8 sales group for BHHS nationwide, we deliver "Superior Service, Outstanding Results," 7-days-a-week!