VENTURA COUNTY REAL ESTATE APPRAISALS
ARE ONLINE HOME ESTIMATE SERVICES ACCURATE?
Results from AVM sites like Zillow & Redfin are off on average by $50,000 in Ventura County*
Get an appraisal based on human judgment rather than an automated value model algorithm.
A Desktop Appraisal can help determine the equity in a property.
Our no-inspection report means the following benefits:
No stranger going through each room in your house.
No appointment to set up and no missing work.
No need to clean your home.
Desktop Appraisals start as low as $100.
*$50,000 error rate is based on the 2023 median Ventura County Single Family Residence price and a 6.5% AVM error rate by Bankrate.com
LOW COST INITIAL APPRAISALS MAKE BUYING & SELLING AN EASIER EXPERIENCE
An Initial Appraisal obtained early has these main advantage regardless if you are the buyer or seller.
#1 - You Know What Market Value is Before You List, Sell or Negotiate.
#2 - You Have An Appraisal in Your Back Pocket to Work From Prior to the Banks Appraisal.
#3 - When the Appraisal is Done For the Loan You Can Provide Comps for them to Consider or Argue With if Necessary.
Listen To This Real Estate Realtor Expert, Audra Lambert, Advice On Appraisals
Spending half of what you might spend on a regular appraisal early in the game with a Initial Desktop Appraisal can help you save money and potential aggravation in the long run. We all now take a look at Automated Values, but their accuracy can be off more than we expect. So, whether you are checking the an AVM to see how much equity you may have, how much a listing is really worth, how much you should list your home for, or how fair is your tax assessment, get an appraisal at the start rather than the end.
HOW MUCH WILL FREE ONLINE ESTIMATES COST YOU?
Online Home Estimate Services (AVMs) like Zillow and Redin give immediate values and are free, but are they accurate?
When you use one, you are trading the convenience and speed at the cost of being off by 6.5% on average, according to Bankrate, which equates to $50,000 on the Median Ventura County home. A little less (3% or $23,000) if the property is listed or recently sold. The error rate jumps to 10% ( $76,500) on dwellings that have not been on the market in several years. AVMs and appraiser estimates aim to achieve the same thing: provide the valuation of a property. However, the two have significant differences in how they determine that amount.
Computer formulas used by the instant value services are based on limited public records and general neighborhood data. AVMs often use outdated information. Human appraisers take a more individualized approach, considering foremost subjective factors like curb appeal, views, quality, condition, and comparables.
On top of being more accurate than AVMs, Desktop Appraisals require no inspection to schedule, typically costing half or less than a regular appraisal, you can avoiding cleaning, and the awkwardness of having a stranger go through all the rooms of your house taking pictures.
