There are so many sites that promise accurate San Diego home value estimates automatically. But, are they actually correct? And, can you trust them? The truth is, many of these websites have been known to be way off – sometimes as much as $100,000 or more.
Here’s Why Automatic Estimates May Fail:
- They use your whole city’s data (and sometimes the county’s), not just your neighborhood.
- They don’t perform a custom comparative market analysis – that can only be done by a real estate agent.
- They don’t take any renovations into consideration.
- They also don’t take any upgraded furnishings into consideration.
- They are calculated solely off tax records, which are often inaccurate.
- They weigh their results heavily on the listed prices of neighboring homes, not the sold prices – which skews data.
Although you can start with an automated estimate, those estimates are best paired with a custom market evaluation done by a real estate agent. This is due to an agent factoring in things such as research, renovations, upgrades, schools, taxes, market conditions, and current home buyer demand when they calculate your home’s value. That alone can show a major difference in the listing price that is going to bring you top dollar and a quick sale.
Ashley Peterson (she/ her/ hers) REALTOR®
Pacific Sotheby’s Int’l Realty
Homes For Sale in San Diego:
Rancho Santa Fe, California
6 Beds 7 Baths 15,000 SqFt 77 Acres
5820 W Lilac Road Bonsall, California
3 Beds 5 Baths 7,865 SqFt 1,402.520 Acres
7007 Country Club Drive La Jolla, California
10 Beds 14 Baths 22,897 SqFt 32 Acres
6308 Camino De La Costa La Jolla, California
8 Beds 10 Baths 10,260 SqFt 0.670 Acres
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