Looking to buy or sell a home in South LA County or North Orange County? Click here to perform a full home search, or if you're thinking of selling your home, click here for a FREE Home Price Evaluation so you know what buyers will pay for your home in today's market. You may also call us at (562) 316-2915 for a FREE home buying or selling consultation to answer any of your real estate questions.
One of the questions we hear more than any other is, "How do I find the value of my home?" Trulia and Zillow are popular starting points for people looking to find their home value and have now merged in a billion dollar deal.
What might this mean for you?
The merger won't have much of an effect on you. In North Orange County and South Los Angeles County, there aren't many tract homes and many homes are highly customized. This means that finding a true home value is difficult - Trulia and Zillow often provide data that is 20%-50% off. That is unlikely to change after the merger.
One option is to get an appraisal. Banks will do this to find a realistic value when deciding on a loan amount. This usually costs between $400 and $500. The problem is that this evaluation is based on recent home sales. They don't look at the trends of the market, such as appreciation and depreciation of home prices.
Using Zillow and Trulia, or getting your home appraised by the bank, are great if you are just looking for a ballpark value. If you want a true value, you need to talk to a real estate professional - especially if you are thinking of selling your home in the near future. We take into account what's going on in with the current market and have access to resources that banks and websites do not.
If you want to find your home's true value, give us a call. We would love to provide you with the accurate information you deserve.
