Embracing Online Home Value Estimates

There are many ways to get a rough estimate of your home’s value, and most people turn to websites like Zillow, Redfin, Trulia, and Realtor.com. As realtors, we often advise against relying solely on these sites, but it’s understandable why they’re popular—most people don’t have access to the same resources we do. Rather than ridicule these tools, I’ve learned to embrace them. I analyze how the values they provide compare to my assessments as a real estate agent. For my clients, I subscribe to a service called Homebot, which uses artificial intelligence to evaluate home values. Does this mean these estimates reflect the exact value of your home? Probably not, but they provide a useful starting point for discussions. As your local realtor, I’ve learned to value these tools and use them to complement my expertise.

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