Sarasota Real Estate Market News

What’s my house worth?

When Pat Lamotta and her husband were deciding whether to sell their Sarasota home last year, they looked at Zillow first.

“It was a little lower than we’d hoped,” Lamotta said of the website’s estimate of their property’s value. “But it was right in the ballpark.”

The couple returned to the site after they had decided to go ahead and list the property, when it came time to price it.

“Our agent actually wanted it higher than we did,” said Lamotta, “so we showed her the ‘zestimate’ and asked if we should come down a little. We didn’t want the house to sit.”

According to Zillow spokeswoman Katie Curnutte, the company advocates Lamotta’s approach.

“We liken the process to a funnel. We’re useful at the top, when someone is sitting around, considering whether or not to sell, to get a sense of what the home is worth,” Curnutte said. “And we might be useful later on, say, in comparing prices. Near the bottom of the funnel, when it’s time to make the transaction, you may want an appraisal, someone in person with local expertise.”

Read more HERE

August 28, 2011 - Posted by | News related to Sellers

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