Whether you’re looking for a new home in Los Angeles Real Estate or wondering what your own home is worth on today’s market, you’ve probably stopped by some of the major real estate sites. Trulia and Zillow are the first that come to mind, and there are many others.
It can be fun to look, but do take what you find there with a grain of salt.
Those sites aren’t kept up to date, and sometimes their information is simply wrong, even when it’s taken directly from a Multiple Listing Feed.
Are the “Big” Los Angeles real estate web sites accurate?
I had spoken to an agent recently whose new listing had been placed in the wrong town on Trulia. Another agent told me that his new listing was showing up under a different agent’s name and at the price from 6 years ago. He checked 3 different sites and each website reported a different number of days on the market – one at more than 100.
Meanwhile, buyer agents are frustrated by trying to help clients who have found “the perfect house” on line. They want to go see it immediately – but in truth it was sold a year or more ago.
And there are computerized home valuations. Go ahead and play with them – but don’t believe them!
Computer-generated values are often as much as 30% off. Why? Because the computer compares only simple information – not details such as the view, the quality of fixtures and finishes, the condition, the school district, etc. It doesn’t know if your house (or any of the houses used in comparison) is a fixer or a palace.
The best way to find a home in the Los Angeles real estate that suits both your tastes and your budget is to work with an agent who will listen carefully to what suits your exact needs, then will search the current listings in the Multiple Listing Service, taking time to read those “agent only” details.
The best way to learn what your Los Angeles real estate house is worth is to have a real agent present, as well as prepare a true market analysis.
Whether you’re planning on buying or selling – get in touch. I’ll provide you with the information you want and the assistance you need for a successful outcome.
If you are not sure what the real value of your home is, it’s best to get a free home value audit. You will find out what your home’s strong points are, as well as its weaknesses.