March 23, 2017
Figuring out home values when the market is in flux is truly a job for experts. We have seen the national real estate market begin to rebound, and expect Fresno and Clovis area home values to soon start to reflect movement as well. Most local homeowners are in the habit of keeping an eye on area home values. But especially for anyone considering buying or selling this spring or summer, estimating their home’s value is one of the first items on the agenda.
To get you started, there are a couple of different methods to help establish a ballpark estimate of what your home may currently be worth.
Certainly the quickest and easiest tool is the calculator on Bank of America’s website, at http://realestatecenter.bankofamerica.com/tools/marketvalue.aspx. This free online calculator uses accumulated public record data joined with other factors to produce an estimate of home values. All you need to do is enter your address and wait for the magic.
I do have to put in a word of caution, though. Like any computer program, it’s fast and precise –but also maddeningly capable of disregarding what we humans think of as ‘common sense.’ So, while it is fun and interesting to get this kind of readout, it’s at best a ballpark estimate (and at worst, downright misleading!).
There are many other sites boasting similar tools — variations of the same idea and pulling from slightly different data sets — but the approach they use to calculate home values stays pretty much the same. You only need to enter your address and there you go: instant estimate.
While these calculators are great at aggregating data, nothing replaces human input. Real estate is, after all, the very definition of a local occurrence, so if you’re looking for more than an estimate, it’s time to call the pros in. Just select the “What is My Home Worth?” tab on our website at www.aluisi.com and one of our REALTOR Associates will be happy to assist you.
When one of the experienced REALTOR’s from Rod Aluisi Real Estate creates their professional estimate, it not only takes into account the trends for properties closest to yours, but also incorporates real life features — such as the curb appeal your home and garden offers right now. The better kept your property is at any given time, the greater its estimated value should be. One of our REALTOR Associates can also suggest the small changes that work best to enhance a property’s value. Added value may come in the form of low cost changes such as paint, landscape and enhancing your upgrades while other suggestions may include professionally staging your home for sale; all are certain to enhance your home’s value and set it apart from the competition.
If you have been considering selling a home and are curious about today’s Fresno Area home values, call me or any REALTOR Associate with the “R.A.R.E. Team” anytime for a complimentary (and 100% human) consultation!
Rod Aluisi, President
Rod Aluisi Real Estate
1 (559) 227-7000