Myth vs. Reality: Online Evaluators

Myth vs. Reality: Online Evaluators

  • Annie Junker
  • 04/4/24






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Myth vs. Reality: All Online Evaluators are Always Correct

Home value websites for real estate, also known as property valuation or appraisal websites, are online platforms that provide estimates of a property's value. These websites use various data sources and algorithms to calculate an estimated value for a given property. However, as real estate professionals, we have found that not all home value sites are created equal. Our firm has two sites that we use regularly and highly recommend to our clients and I would love to send you the link!

Benefits of using home value websites:

  1. Quick and Convenient: Home value websites offer a quick and convenient way to get an estimate of a property's worth without the need for an in-person appraisal or consultation with a real estate agent.

  2. Free of Charge: Many of these websites offer their services for free, allowing users to access property value estimates without any cost.

  3. Comparative Analysis: Users can compare the estimated values of different properties, enabling them to make more informed decisions when buying or selling real estate.

  4. Market Trends: Some home value websites provide data on market trends, including past sales, price changes, and neighborhood statistics, helping users gauge the real estate market's health.


In conclusion, home value websites can be a helpful starting point for understanding the approximate value of a property and gaining insight into the real estate market. However, it is essential to recognize their limitations and consider consulting with a local real estate professional for a more accurate assessment when making significant real estate decisions.

Problems that one may encounter using home value websites:

  1. Inaccurate Estimates: The most significant issue with these websites is that their estimates may not always be accurate. The algorithms use various data points, but they can't account for the condition of the property, renovations, or unique features that might affect its value.
  2. Lack of Local Expertise: Online home value tools may not have the local expertise and knowledge that real estate agents possess. Local factors, such as school districts, upcoming developments, or neighborhood changes, can significantly impact a property's value but might not be accounted for in these algorithms.
  3. Data Lag: The data used for estimates might not be up to date, leading to discrepancies between the estimated value and the actual current market value.
  4. Variability Among Websites: Different home value websites might provide different estimates for the same property due to variations in their algorithms and data sources.
  5. Limited Property Types: Home value websites are generally better at estimating the values of traditional single-family homes. They may struggle to provide accurate estimates for unique or unconventional properties.
  6. Privacy Concerns: Some websites might collect user data, such as browsing history and personal information, to improve their algorithms or for marketing purposes, which can raise privacy concerns for users.
  7. Useful for Research: For homeowners looking to refinance or assess their property's financial standing, these websites can be a valuable tool for preliminary research.

    For more details or if you would like the link to our accurate home valuation, please reach out!
804-350-0879 | [email protected] |


It is my responsibility as your REALTOR® to ensure that when others around you are lowering their expectations, that this becomes the time for us to switch gears and discover how to leverage the market effectively to achieve your goals.

If you would like to know more about the current market, or if you have any general real estate questions, call or text me on my cell phone at 804-350-0879 or you can email me at [email protected].

If you are looking to begin a home search, visit my website to get started!
3306 Monument Avenue
Museum District
612 West Franklin Street #UB11
The Prestwould
6 South Arthur Ashe Boulevard

Museum District
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Additional resources
We are select partners with REALM and Leverage Global Partners. What does this mean for you as our client? If you are looking to relocate or buy a second home in an entirely different city (or on a different continent!), Small and Associates has you covered. As a member of these exclusive networks, we work with other like-minded agents and to put you in touch with the right REALTOR® outside of the Central Virginia area. If you or someone you know has been considering a unique move, let us be your guide.
To learn more, click the links below:
In addition to being a partner to two exclusive global networks, I am a proud member of the Institute for Luxury Home Marketing and am a Certified Luxury Home Marketing Specialist. This means that I will market your property to the highest standards with access to the latest trends in the industry. I am the only Real Estate professional in the Central Virginia area with this designation!
Are you interested in buying a second home but, aren't ready to fully commit to another property? As a part of our partnership with REALM, we can direct you to properties all over the world with Pacaso. Pacaso is Luxury Co-Ownership where you have the ability to  own a second house for 1/8 of the cost. Click here to learn more and to start shopping!
Are you looking for your own slice of "La Dolce Vita"? Small and Associates has the connections to make it happen. We have personal contacts with firms in Italy and would be happy to help with your home search and make an introduction!
Client Testimonial: Click the link below to hear from Sarah Merriman, a client of Chris Small. Thank you for your kind words Sarah! It's always been an honor to help you with your Real Estate goals.
Client Testimonial from Sarah Merriman
The Chris Small Group at Small and Associates
At The Chris Small Group, we embrace today's dynamic Real Estate market with fresh and strategic approaches to deliver optimal results. Our mission is to craft customized marketing plans that align precisely with the current market landscape. We commit to delivering exceptional outcomes that resonate with trends and buyer preferences. With our unmatched understanding of market dynamics, we ensure our clients' homes stand out and captivate potential buyers. Trust our expertise to maximize your property's exposure and generate genuine interest. Choose The Chris Small Group and experience the transformative power of our innovative and market-savvy approach in today's evolving real estate landscape.
A Story of a Sale: 3301 West Franklin Street
Chris Small, Broker | Owner
Luxury Real Estate Specialist

804-350-0879 | [email protected]
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