• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar

Danny Murphy & Associates

Homes for Sale in Orange County, CA

Find Danny Murphy & Associates:

  • Facebook
  • TikTok
  • YouTube
  • LinkedIn
  • Pinterest

Homes seen on this website may be for sale, in escrow, or sold. Please contact us today to learn about our most recent inventory, including homes not yet on the market.

  • Homes for Sale in Orange County, CA
  • Reviews of Danny Murphy & Associates
    • Facebook Reviews
    • Google Reviews
    • Zillow Reviews
  • What’s Your Home Worth?
  • Contact Danny
  • About
You are here: Home / Real Estate Tips / Are Online Home Value Estimates Accurate?

Are Online Home Value Estimates Accurate?

March 16, 2018

Online home value estimates like Zillow’s Z-estimate are helpful tools, but they have many shortcomings. Today we’re going to talk about these tools to learn why nothing replaces a home valuation performed by a seasoned real estate agent!

Online home value estimates like Zillow's Z-estimate are helpful tools, but they have many shortcomings. Today we're going to talk about these tools to learn why nothing replaces a home valuation performed by a seasoned real estate agent! 

Are Online Home Value Estimates Accurate?

We are all curious about our home values. This information becomes especially important to us when we are looking at buying or selling a home. How else can be figure out where to price our property (or what a fair price is for a property) unless we know the estimated value!

The problem is that home value estimates that are provided online can be materially inaccurate.

These kinds of online tools do not take into consideration all of the variables that a seasoned real estate agent uses to determine a true home value.

Here are some of the things that a knowledgeable realtor uses to derive home valuations:

  • Tract
  • Location within in the tract
  • Uniqueness of the home
    • What makes the property stand out?
    • Extra touches
    • Included extras
  • Appeal of upgrades
    • Quality of upgrades
    • Practicality of upgrades
    • Usefulness of those upgrades to potential buyers
  • Schools
    • Quality
    • Location
  • Hardscaping
    • Pools
    • Hotubs
    • Patios
  • Useable lot size
    • Layout
    • Location of the home and structures
  • Similar homes available
  • Floor plans
    • How useful is the square footage?

These are all important factors that realtors know can make or break a home when it is placed on the market. Online home value estimators can’t always gather this information and there’s no easy way to calculate these factors.

Why should you get an estimate from a knowledgeable realtor?

A knowledgeable realtor is going to know the differences between various neighborhoods, supply and demand levels for other homes in the area, as well as market trends! All of these things can help you get a more realistic idea of what your home is worth to potential buyers.

In the end, a realtor is going to have a better idea of what people are willing to pay for your home based on all of the criteria listed above, where as an online home value estimate is going to be based off of square footage and your zip code!

Where can I get more information about online home value estimates?

In this video I break down the reasons why a knowledgable real estate agent is your best choice for a home value estimate!

Can I use online home value estimates?

Of course! If you want a really high level estimate of your property value or if you are looking for a general idea of the value of a property you are thinking of buying, online home value estimate tools can be helpful.

If you are looking for a true home value that is based on more detailed variables I would recommend using a local, experienced, realtor.

Hopefully this can help you understand the difference between an online home value estimate and a detailed home valuation provided by an experienced realtor. There are positives to both types and a time and a place for each!

As always, I’m available at 949-413-6967 to help answer all of your real estate buying and selling questions. I can also get you set up with a home valuation that is based on all of the criteria listed above and more!

Online home value estimates like Zillow's Z-estimate are helpful tools, but they have many shortcomings. Today we're going to talk about these tools to learn why nothing replaces a home valuation performed by a seasoned real estate agent! 

Filed Under: Real Estate Tips, Selling A Home

Primary Sidebar

Danny Murphy & Associates

With more than 15 years of Southern California Real Estate experience, Danny is an expert in his field.

Looking to sell your home? Call Danny today to see how our industry leading marketing and exceptional negotiating skills can help you get more for your more.
(949) 413-6967
Danny@TheSoCalLife.com

dannyandassociates

Check out this kitchen island 😍 . . . . . . #re Check out this kitchen island 😍
.
.
.
.
.
.
#reels #instagram #reelsinstagram #fyp #viral #foryoupage #trending #luxury #interiordesign #interior #art #interiordesigner #kitchendesign #kitchen
Lovin’ this family room style! 🙌🏻 . . . . Lovin’ this family room style! 🙌🏻
.
.
.
.
.
.
#reels #instagram #reelsinstagram #fyp #viral #foryoupage #trending #luxury #interiordesign #interior #art #interiordesigner
Check out this video by Danny Murphy & Associates Check out this video by Danny Murphy &  Associates to learn the 3 REASONS WHY HOMES DO NOT SELL even in today’s strong market. Please contact Danny if you have questions or want to learn more about the industry leading marketing and advertising that Danny Murphy &  Associates provides to get their Sellers TOP DOLLAR for their homes in the SHORTEST PERIOD OF TIME!

danny@thesocallife.com // 949-413-6967

#togetherwearefirstteam #togetherwemakeadifference #firstteamsurfcity #forsale #ocforsale #caforsale #realtor #realestate
Are you looking to get a little closer to the beac Are you looking to get a little closer to the beach? This awesome view property isn't on the market anymore, but we'd love to get you in to a place with a view that's just as spectacular! 

949-413-6967

#togetherwearefirstteam #togetherwemakeadifference #firstteamsurfcity #forsale #ocforsale #caforsale #realtor #realestate #views
The house with this gorgeous bathroom didn't last The house with this gorgeous bathroom didn't last long on the market. If you're searching for your dream home, we'd love to help you find it!
949-413-6967

#togetherwearefirstteam #togetherwemakeadifference #firstteamsurfcity #forsale #ocforsale #caforsale #realtor #realestate
What kind of amenities do you look for in a commun What kind of amenities do you look for in a community? 

danny@thesocallife.com // 949-413-6967

#togetherwearefirstteam #togetherwemakeadifference #firstteamsurfcity #forsale #ocforsale #caforsale #realtor #realestate
COMING SOON! This popular model in the Huntington COMING SOON!
This popular model in the Huntington View tract near Newland Elementary is a must-see! It features 4 beds / 3 baths, as well as a private backyard. Don't miss out on this great opportunity! 

danny@thesocallife.com // 949-413-6967

#togetherwearefirstteam #togetherwemakeadifference #firstteamsurfcity #forsale #ocforsale #caforsale #realtor #realestate #huntingtonbeach #hb #orangecounty #oc #ochomes #southerncalifornia #socal #socalhomes #surfcity #surfcityusa #beachlife #beachliving
Recently Danny was the featured guest on a nationw Recently Danny was the featured guest on a nationwide podcast that aired on ABC and YouTube. 

Watch the video to get an in depth read on the So Cal real estate market. 

People are asking:
-Are real estate VALUES are going to CRASH?
-Why is INVENTORY so LOW?
-Where are mortgage rates headed? 

The POWER of LEVERAGE! Rents keep INCREASING! The 6D's that drive the real estate market, and many other interesting topics!

Grab the link to the video in my story or profile 
https://youtu.be/NNQXAR0RbJo

#togetherwearefirstteam #togetherwemakeadifference #firstteamsurfcity #forsale #ocforsale #caforsale #realtor #realestate
Load More Follow on Instagram
 

Homes for Sale in Orange County:

Aliso Viejo
Anaheim
Costa Mesa
Fountain Valley
Huntington Beach
Irvine
Laguna Niguel
Lake Forest
Mission Viejo
Newport Beach
Orange
Orange County
Tustin
Villa Park
This information is based on information from the Association of Realtors/Multiple Listing as of the date the AOR/MLS data
was obtained and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS.
The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.


Copyright © 2023 · Danny Murphy & Associates
 

Loading Comments...