If you're preparing to purchase or sell a home, one of the first and most vital steps is determining its value. Many homeowners turn to their real estate agents for an estimate, trusting their expertise to help guide the process. However are you able to really depend on that estimate? While real estate agents bring a wealth of knowledge in regards to the local market and trends, it’s essential to understand that their estimate of a house’s value is just that—an estimate. Right here, we’ll discover whether or zenovia02 not you possibly can fully trust your real estate agent’s valuation and what factors could have an effect on its reliability.
The Position of a Real Estate Agent in Home Valuation
Real estate agents are well-versed in local markets, property types, and neighborhood dynamics, and so they use this knowledge to estimate the value of a home.
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