Christy Morrison - Truckee Tahoe Realtor

What Is Your Home Worth?

Aug. 10, 2015

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There are many great Truckee area homes for sale.  Click here to perform a full home search, or if you're thinking of selling your home,click here for a FREE Home Price Evaluation so you know what buyers will pay for your home in today's market. You may also call me at (530) 582-6900 for a FREE home buying consultation to answer any of your real estate questions.
Today we're going to talk about determining the value of your home. Often, people call me asking about their home value because they've seen something on Zillow or Trulia. Zillow and Trulia are often inaccurate, and cannot be trusted to find the true value.

A recent report in the Los Angeles Times featured the president of Zillow, who admitted that there is a deviation of up to 8% in home values quoted online. For a $700,000 home, that could mean that the value is off by $56,000. That's a pretty wide range.

To determine the value of your home, we need to look at what your home is competing with on the market. We need to know what features and benefits your home can offer, and how many buyers are looking for your type of property.

In Truckee, our inventory has exploded. From May to July, we have nearly doubled or tripled our inventory. It's more important than ever for sellers to make sure their property shines. If you're a buyer, you have a lot to choose from.

The good news is if you're selling your property, there are very few new listings coming on the market now. The supply is starting to dwindle right before September, which is one of our best selling months.

If you want to know a realistic value on your home, you should talk to a qualified and experienced real estate agent. They can look at your home objectively, give you the home's true value, and tell you what it will sell for.

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