Are you excited to jump into the real estate market as a home buyer or seller? You should know ahead of time that the process can be challenging unless you have the right information, resources, and guidance from an experienced real estate professional such as ours at Your Home Sold Guaranteed Realty Elite - The Augustine Team.
Our team will make sure that you remember to take into consideration all of the most important factors related to the home buying or selling process. This includes the value of homes in the area’s current real estate market. Accurate information, especially home values, is key to finding success in the market.
Home buyers need this information because it ensures they have a clear expectation of the prices they will soon find through their searching. On the other hand, home sellers require this information because they need to make sure their asking prices are competitive with other homes currently available on the market. With our team by your side, you can trust that you have the most accurate information to sell your house.
We will discuss home values as well as the accuracy of HouseSigma home values in Oakville so that you can determine if a home value is higher or lower than expected and whether or not you can trust that estimate. After all, HouseSigma estimates can be highly inaccurate.
HouseSigma Estimate Defined
First, let’s take a moment to define what the HouseSigma estimate is. HouseSigma uses historical data and a proprietary algorithm to determine an estimated value for your home. It should not be considered a professional appraisal, but it can be a great starting point for you if you are planning a move as a home buyer or seller. It can be a great asset as you begin your process.
Factors Used by the HouseSigma Estimate
The algorithm that HouseSigma uses to develop the estimate incorporates many vital factors into the resulting home value. The accuracy of the estimate depends on the amount of information available to the algorithm. The HouseSigma estimate uses the following factors:
- Essential home details
- Square footage
- Location of the home
- Number of bedrooms/bathrooms
- Data from the real estate market
- Listing price
- Descriptions of the homes
- Comparable homes in the area
- Days on the market
- Tax assessments
- Prior sales
- Publicly available records
- Seasonally changing demands
With highly accurate information, the algorithm will produce a more accurate estimate. You can then use your judgment to determine if you can reasonably rely on that estimate. In general, you should always get a second opinion from an appraiser or realtor just to make sure the estimate is accurate.
How Accurate Is the HouseSigma Estimate?
HouseSigma does not publicly declare its accuracy rates like other online house estimators. However, to improve the accuracy of the estimate, the algorithm needs as much publicly available information as possible about the home and location. When a city does not have a good deal of publicly available information, the HouseSigma estimate may lose its accuracy. Furthermore, it cannot predict the future value, recent remodeling and renovations and the selling skill of a realtor.
Are HouseSigma Home Values in Oakville Higher or Lower than Home Sale Prices?
As you will soon find out, the housing market is unpredictable, and home value estimates will vary depending on several factors, including time itself. One important factor is your occupancy time in the home. If you have not had a recent sale of the house, then the information will be outdated, and the estimate may not be as accurate as it could be for a sale that just occurred.
HouseSigma home values in Oakville and on a national scale are within an approximate 2.5% margin of error unless it is an off-market home. Off-market homes do not have publicly available information, so this makes it difficult for the algorithm to determine a home value estimate.
To ensure that HouseSigma home values in Oakville are accurate, it is vital to include as many details as possible. This should include renovations, major repairs, and additions. You should also make sure that the property tax history and sales dates are up-to-date, and be sure your local tax assessor is updated too.
Accurate Home Values in Oakville Can Be Yours with Our Realtors
Making the decision to buy or sell a home is an important one, and it is vital that you have all of the information and resources needed to make the most well-informed choices throughout the process. Every real estate investor wants to have a successful experience, and our team at Your Home Sold Guaranteed Realty Elite - The Augustine Team is dedicated to making sure this happens as quickly and easily as possible for you.
We will give you as much information as possible throughout the process and can help you determine the accuracy of HouseSigma home values in Oakville compared to our valuations. Our team is dedicated to assisting you and making sure you have the best possible real estate experience.
We know that buying or selling a home can be difficult, and we strive to make sure you have the best and easiest experience possible. To find out how accurate HouseSigma home values in Oakville can be or to get started on your real estate journey, give us a call at (289) 235-8000 or fill out the form on this page with the requested information. One of our skilled realtors will send you a detailed response.