WEB SEARCH VALUES ARE NOT RELIABLE

WEB SEARCH VALUES ARE NOT RELIABLE

Sorry, but you can’t find out the true value of your home just by typing your address into a website.  We firmly believe a value attained from a simple web search is most likely inaccurate, and for all intent and purposes completely unreliable. 

These are the reasons why:

  • Web companies have never been in your home and don’t know the following
    • How many rooms and bathrooms you have.  Is it a 10 room or 5 room house?
    • If you have modern or older kitchens and bathrooms
    • If the basement is finished or unfinished
    • What features such as finished attics, fireplaces, central air conditioning, granite counters, or other customizations there are
    • They typically don’t know the size of your house
    • The little information they may have might be outdated
  • Values from a web search are not based on any valuation methods approved by any governing body or authoritative entity.  They are based on a combination of neighborhood averages, computer metrics, and guesstimates
  • Web search values and procedures are not regulated by any authority
  • Values from a web search cannot be used in legal proceedings.  If you need a value for a divorce settlement, estate settlement, or bankruptcy, these values are inadmissible in a court of law. 
  • If you need a value for a mortgage, home equity line of credit, or PMI removal, these values cannot be used.  Lenders are required by law to use an appraisal prepared by a licensed appraiser.

An appraisal report prepared by a licensed NJ home appraiser can also be a great tool for marketing your home, whether you are selling on your own or when dealing with a realtor.  A New Jersey home appraisal can be shown to prospective buyers to show the property is worth what you are asking for it.