Professional Appraisals
Appraisers provide official valuations using comparable sales, property condition, and market analysis. Appraisals cost $400-600 and are required for financed purchases.
DIY Valuation Methods
Online tools like Zillow, Redfin, and Trulia provide estimates. These algorithms use public data and comparable sales but lack professional judgment about condition and unique features.
Accuracy Limitations
Automated estimates often miss significant factors affecting value. Professional appraisals and real estate agent comparative market analyses provide better accuracy for decision-making.
