Pricing Boston condos for sale. Zestimates are not accurate, but can be useful

The growth and ubiquity of the Internet sure has made it more fun to shop for a new Boston condos for sale or compare your Boston Seaport condo to others in your neighborhood. Right?! We all enjoy perusing the photos and features of kitchens and palatial master suites. However, in many ways the Internet has not served downtown Boston condo buyers and sellers well. Not to mention, it’s made my job as a Boston downtown broker a little more challenging when it comes to educating sellers and buyers about home prices. That’s right, I’m talking about the Zestimate and the misconception it creates about a properties actual market value. That’s not to say that online valuation tools are not useful; however, they need to be used cautiously and in context. Here are my top three pieces of advice to keep in mind that will help you make the best of these tools when looking at home values:

Use online Boston condo valuation tools as a starting point

Using websites like Zillow and Trulia to learn about the general range of value for your Boston condo for sale or a tool to start looking for a home to purchase is a great idea. Just remember to think of the valuations as a very general starting off point and remember that even according to Zillow, their prices error plus or minus 5%.  Boston midtown condo buyers, it’s best to use these sites to narrow down the general areas and general neighborhoods where you want to look for a home based on your budget.

Use multiple sources to get a better picture. 

Once you’re ready to dig into a Boston Seaport condo valuation a little deeper, consult more than one source to begin to get a clearer picture of a home’s true value. For example, take a look at another home valuation website like Trulia.com as well as the MLS, by using a site like Realtor.com. On Realtor.com you can even find actual sales data for comparable properties. You’re likely to get a better, more complete picture of what a home’s worth; however, remember it’s still not a true analysis or appraisal.

Consider a home’s specific features. 

Even after you’ve done all the research I’ve mentioned above, keep in mind that none of these algorithms, search engines, or data miners can figure in—yet, anyway—the specific features of a property that will undoubtedly effect its value. For example, the value will certainly be affected if the kitchen  is outdated or the Charles River Park condo association landscaping is well maintained; or consider the gorgeous bathroom remodeled. These are just a few items that online valuation tools can’t capture and adjust the value for.

Conclusion on Boston condo valuations

With these tips in mind you can use the online home valuation tools, like the Zestimate, for what they’re intended; as a general guide to beginning your new home search or preparing to sell your current home. And when you’re ready to get the actual value of your home or begin shopping for your next home, give me a call. I’d be happy to put my Certified Pricing Strategist skills to work for you and show you how we put together a complete home valuation analysis.

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Boston Seaport Condos for Sale under $1M

View Boston Seaport District condos for sale under $1M

Unlike other Boston condo brokers we give back 50% of our portion of the commission to YOU the buyer.


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Boston Seaport Condos for Sale under $2M

View Boston Seaport District condos for sale under $1M

Unlike other Boston condo brokers we give back 50% of our portion of the commission to YOU the buyer.


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Author Profile

John Ford
John Ford
EXPERIENCE

Over the course of 20 years in the Boston downtown real estate market, John represented and sold numerous, condominiums, investment and development properties in Greater Boston and in the surrounding suburbs



In addition to representing Boston condo buyers and sellers, John is currently one of the most recognized Boston condo blog writers regarding Boston condominiums and residential real estate markets. John's insights and observations about the Boston condo market have been seen in a wide variety of the most established local & national media outlets including; Banker and Tradesman, Boston Magazine The Boston Globe, The Boston Herald and NewsWeek and Fortune magazine, among others.



HISTORY

For over 24 years, John Ford, of Ford Realty Inc., has been actively involved in the real estate industry. He started his career in commercial real estate with a national firm Spaulding & Slye and quickly realized that he had a passion for residential properties. In 1999, John entered the residential real estate market, and in 2000 John Started his own firm Ford Realty Inc. As a broker, his clients have come to love his fun, vivacious, and friendly attitude. He prides himself on bringing honesty and integrity to the entire home buying and selling process. In addition to helping buyers and sellers, he also works with rental clients. Whether you’re looking to purchase a new Boston condo or rent an apartment, you’ll quickly learn why John has a 97% closing rate.

AREAS COVERED

Back Bay

Beacon Hill

Charles River Park

Downtown/Midtown

North End

South End

Seaport District

South Boston

Waterfront

Brookline

Surrounding Communities of Boston
Contact
John Ford and his staff can be reached at 617-595-3712 or 617-720-5454. Please feel free to stop by John's Boston Beacon Hill office located at 137 Charles Street.




John Ford
Ford Realty Inc
137 Charles Street
Boston, Ma 02114

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