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New Michigan Realty Events

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3 months ago

New Michigan Realty

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7 months ago

New Michigan Realty

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9 months ago

New Michigan Realty

Come check out our newest office. Now hiring Rochester agents. ... See MoreSee Less

Come check out our newest office.  Now hiring Rochester agents.

9 months ago

New Michigan Realty

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If you are a Homeowner and looking at Zillow to get an idea of your home’s value, be aware. Zillow takes in account all the aggerate amount of home sale prices in an area, including foreclosures and homes that are outdated, then compiles that data to arrive at a value known as a Zestimate. Zillow uses MLS data to get this value however, to get an understanding of your home’s true worth you need MLS data and the understanding of how to adjust for outdated homes compared to homes with new updates subtracting out foreclosures. The same MLS data used by Realtors is also used by licensed appraisers to give an opinion of value for banks and other lending institutions. Remember, an appraiser’s valuation is an opinion not a fact. However, the bank will rely heavily on their opinion. So, if a property will not appraise for a certain amount of money the bank will not lend against that house possibly causing a sale not to happen. Bottom line, when looking to get your home’s value do not rely solely on Zillow. Most times Zillow is incorrect about how much your house will sell for. Always hire a professional to double check the numbers, including adjustments and their knowledge of how an appraiser uses MLS data to come to a valuation. Most real estate firms offer this service for free, including New Michigan Realty. Contact us if you want to know your home’s value. ... See MoreSee Less