How can my home value be down 100,000 in a year when values have gone up? My address is 34549 Dorchester gates mills oh 44040

(0) | asked by: Cathy Santora | share | 1 month ago | Report
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Doris Wright
answer by Doris Wright   
Hi Cathy, The first lesson is never to rely on apps for the vale of your home. These apps use algorithms to determine your home's value. Have you ever walked into a home that was lovely and well kept outside and old and dated inside? That is the reason for an appraisal. Nobody can determine the value of your home without doing the work. It is a great idea to get listings of homes nearby that have sold so you can compare finishes and values, as a start. Gates Mills is a distinguished community, and therefore your comparable properties should not be located elsewhere (Mayfield village , Highland Hts Chesterland). I know the area well. I would be happy to assist,
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answer by Jordan Strader    |   Visit My Website   |   Contact Me
Call your local real estate agent and ask for a free estimate.
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answer by Ryan McClure    |   Visit My Website   |   Contact Me
Hi Cathy, you can pretty much completely ignore any home value you see unless you have an appraiser come take a look at your home or you have had an agent complete a CMA (comparative market analysis). The online values are based off of algorithms and can't be taken seriously.
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answer by Penny Lehmann    |   Visit My Website   |   Contact Me
Hi Cathy, I am from Ohio, it would be a pleasure to help you! Please contact me if you would like a professional licensed agent to discuss your home values up in Ohio. Hope to hear from you! Penny Lehmann in Cape Coral, Florida
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answer by Christine Pappas    |   Visit My Website   |   Contact Me
Hi Cathy, Where did you see your home value go down? If it was on one of the public websites, the information is not accurate. In fact, Zillow's rating of information for our area is a one star, admitting that they do not have sufficient data to determine value. Most 'home value' reports can only provide a generalization, they cannot take into account your home's improvements, condition, and uniqueness. A real estate agent can provide a better assessment of the local market and provide a relevant analysis or you can hire an appraiser.
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Karen Eagle
answer by Karen Eagle   
Unfortunately these sites use an algorithm to place values on homes. Sometimes they are correct, but not often! They can't/don't take into consideration condition of home, nuances in location, etc. As I recall, a couple of houses on your street sold at lower than usual prices in the past 18 months or so and the algorithm doesn't know to use those as an exception to the rule instead of the standard. The best way to find out your real home value is to speak with a realtor or to have it appraised.
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