Pick your poison…
Zillow, Redfin, Trulia, you name it.
They all spit out on-the-spot property values.
But what happens when a property isn’t listed yet — or at all? How about when the almighty algorithm gets it wrong? Do the numbers account for wear and tear, hidden damage, and secret seller motivation?
Short answer: No.
And let’s not forget: Every great deal starts with a deeply discounted property.
The apps and the MLS aren’t looking under the hood to alert you that a property is overpriced (or begging to be had at a discount). Nor are they interviewing the owner and scouring every nook and cranny of the home for distress signals.
Relying on computer-generated property values will never get you a discount. No discount, no deal.
But calculating a property’s value on your own is actually a piece of cake.
Here’s how it works so you can lay the groundwork for wins in the world of real estate.