Many of us homeowners know that disappointing feeling after checking out our house’s value and seeing a number far below what we expected.
Looking up home values, a fun hobby during the housing boom, became a depressing one during the crash.
Now, that metro Phoenix home values have almost recovered, it’s fun again.
A little more than a year ago, we launched Street Scout to give Phoenix-area homeowners the most accurate, free online valuations.
So far, hundreds of thousands of people have looked up their home’s value as well as that of neighbors, friends and relatives.
Now, we are launching more features on Street Scout to help you not only check out home prices, listings and neighborhoods but also get the latest real estate news and information about the priciest home sales each week in every Valley neighborhood
We created Street Scout to help people navigate one of their biggest financial decisions – buying and owning a home.
We partnered with the most accurate data research firm in Arizona – The Information Market, owned by the Arizona Regional Multiple Listing Service – to give you the best and most timely real estate data.
TIM has been the data source for important real-estate research and award-winning investigative housing stories for The Arizona Republic/azcentral since the mid-1990s.
We worked with top real estate agents including Bobby Lieb and “Those Callaways” as well as housing analysts and many homeowners to create Street Scout and it’s valuations.
Many homeowners with questions on valuations or other real estate data on Street Scout have heard back from me or TIM. We appreciate the feedback because it helps to make the site even more accurate and more helpful to you. Keep your questions and comments coming, please.
Full disclosure, I co-founded Street Scout with Keira Nothaft, senior director of innovation at Gannett.
After watching people lose homes and make costly decisions because they couldn’t get accurate information on their home’s value or sales prices in their neighborhood, we wanted to help.
No one except real estate agents or appraisers you may invite into your home know about all of the renovations or additions you have done.
Our Street Scout valuation is based on the most accurate real estate data, government records on the size of a house and analysis of key factors.
If your home’s square footage is wrong with the Maricopa County Assessor, it can skew your valuations. Unfortunately, we can’t fix that, but you can.
But if a house sold for less than half of its worth due to a foreclosure or sale among family members, your Street Scout valuation won’t dive with that bad comparable sale.
And for a second opinion on your valuation, we also give you a range of recent comparable sales in your neighborhood.
I am, of course, biased but can still vouch for the accuracy of Street Scout’s valuations.
Last September I refinanced, and my home’s appraisal came in within a few thousand dollars of Street Scout’s valuation.
My home’s value was much higher on two other websites, one by about $50,000. If I relied on those, I would have been disappointed.
What also isn’t disappointing these days is the direction most metro Phoenix home valuations are heading – up.
Check your valuation out on Street Scout. Let me know what you think.