Why Your Home‘s “Estimated Value” Is Probably Wrong
- Online valuations are based on algorithms that take into account recent sales, public records and broad trends but they don´t know the specifics of your home and block. These online platforms do not go inside your home and look at your upgrades and renovations.
- What about the value provided by the NYC Finance in the yearly notice? It´s just an approximation. Tax assessors look at the outside of the property and at recent area sales but again, they don´t go inside and look at the actual condition. NYC finance is also notorious for being late in updating market value. Often the actual market value of your property could be higher than what NYC finance says!
- Evaluations provided by online platforms are estimates or rather guesstimates. I will guide you t and tell you how to find out the actual value of your property and what is happening in Queens County NY.