Which seven blind spots should you test?
Treat an estimate as one prompt for research. The seven checks below identify the information a model may not distinguish.
Use seven checks: 1) recorded square footage; 2) lot and location; 3) condition and updates; 4) property-type classification; 5) dates of public records; 6) nearby sales the model cannot distinguish; and 7) the difference between an estimate and a buyer's actual terms. Example: a permitted addition missing from a public record can make an estimate less useful, but it does not prove the home is worth a particular amount.
What can public records not tell you?
Compare the estimate's stated date, property facts, and confidence information with the actual home. Correctable errors can be recorded, while subjective features need a local market analysis or appraisal discussion.
How should the estimate change the next step?
Use a range of evidence rather than selecting the highest number. The listing decision should include your timing, condition, preparation budget, and sale alternatives.
Before deciding about 7 Ways an Online Estimate Can Miss Your Home’s Value, what will you document?
Finish with an address-level comparison of records, condition, and current alternatives before setting an asking strategy.
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