Home Valuation

Why Knowing The Value Of Your Home Is Important-And Why A Zillow Zestimate Is Not An Accurate Tool.

How much is my Sherman Oaks Home worth?

When you're considering selling your home in the 91423, 91411, or 91403 zip code you may be wondering "How much is my Sherman Oaks home worth?" Even if you are not or have not considered selling your home, knowing the value of your property is always a good idea, since property is likely one of the biggest investments you will ever make in your lifetime. If you’re using a Zillow Zestimate to get an accurate home valuation, you may get a skewed result, which could then affect your home’s listing price. While Zillow has historically provided relatively accurate estimates based on the year the home was built, the number of bedrooms, square footage, and other quantitative data, they’ve recently changed their algorithm. Even when Zillow was fairly accurate, it still provided only an estimate as opposed to a true valuation done by an appraiser or Comparative Market Analysis. Here’s how to get an accurate home valuation and why relying on Zillow or similar sites is usually a bad idea. When people are interested in selling their home, the request is usually "Sell my home fast in Sherman Oaks!"; "For the highest price!" In these cases, it's definitely a bad idea to rely on a website to determine the value of your home.


What is a Home Valuation?

A home valuation is just a fancy way of saying how much your home is worth. Home valuation could be an Appraisal (form 1004, or otherwise), like the bank uses or could be a BPO (Broker Price Opinion) or a CMA (Comparable Market Analysis). Appraisals, in particular and sometimes Broker Price Opinions, are used during real estate transactions such as buy-sell or refinances to ensure homeowners or buyers are not overborrowing for a property. The home is used for collateral in a mortgage, and if the borrower defaults on his or her loan, the lender will sell the home to recoup the money lent to buy it. If the home was overvalued and they lent too much, they could lose money. The home valuation ensures they will be able to recoup costs should the mortgage not be paid in full.

To answer either of the questions, "How much is my Sherman Oaks Home worth" or "How much is my home worth in 91423", a Sherman Oaks Real Estate Agent or Realtor in Sherman Oaks can complete a Comparable Market Analysis.


What is a Zillow Zestimate?

A Zillow Zestimate is an automated home valuation tool and is recommended as a starting point when determining the value of your home. It incorporates user-submitted and public data and takes into account home facts, location, and market conditions. Zestimates are done entirely online, and no representative of Zillow will visit your home to perform an appraisal. Banks and lenders do not use Zillow or similar services to estimate property and instead rely on the expertise of a licensed appraiser. A Zestimate can be off by a very large percentage much of the time in some markets, which amounts to tens or even hundreds of thousands of dollars in inaccuracy. When you're thinking about the question, "How much is my Sherman Oaks Home Worth?" or "What are property values in 91423?", you definitely need to think about how different and unique each property is. They are not cookie-cutter tract homes, that's for sure!


What is the Main Difference Between a Zillow Zestimate and a Valuation Performed by an Agent?

The main difference between the two is that a Zillow Zestimate is simply an algorithm. You punch in data, and a value pops out. There is no actual human involved who views your home, compares it against others on the market, and produces a detailed report. When an agent conducts a valuation, they are actively involved in the process and create a valuation that is personalized and in-depth. You simply cannot rely on websites to accurately estimate your home's value. Your Sherman Oaks home value is influenced by recent sales activity, the home's current condition and quality of constructions, specific amenities, the competition it will face in attracting buyers, and the marketing strategy that will be used to build up and leverage current market demand.

The only way to answer the question "How Much is Home Worth in Sherman Oaks" is to have a licensed professional:

1) Evaluate the condition of your home.

2) Analyze its full potential against competition.

3) Create a custom marketing plan to attract buyers.


Zillow     Homes.com     Realtor.com      Sherman Oaks Chamber of Commerce

These resources are simply starting points when it comes to Sherman Oaks home values and the following topics:

Sell my home in Sherman Oaks

Sell my home in 91423

Sell my home fast in 91403

How Much is My Home worth in Sherman Oaks

Sherman Oaks Real Estate Agent

Sherman Oaks Realtor

Best Realtor in Sherman Oaks

With over 22 years of local market experience, Ken Sisson is the real estate agent to contact in order to get the answers and the service that you deserve!

My Testimonials

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Veronica H

Ken is awesome! Very patient and responsive. We were first time home buyers and Ken's experience was a great help. We highly recommend him.
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Ken went above and beyond helping us sell our condo quickly during COVID! He always made himself available to answer questions, stop by and even help us with some personal property. He helped us navigate multiple offers, and Ke...
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Ken has been amazing throughout the process of our home purchase. He is very knowledgeable and skilled in his profession. He is always readily available and kept us regularly updated regarding changes, progress, and the next st...
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I have worked with Ken on two transactions, a purchase and a sale. Both transactions were flawless. He is always there every step of the way, advising and answering questions. He is very personable, I think he honestly cares fo...
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Ken represented us (buyers) 200%. Throughout the transaction he was 200% loyal to us getting everything we need to make an informed decision as well as to close the home. He stayed on top of all the requirements (termite, retro...
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Ken was amazing in helping us buy our first home together. He was responsive and very patient in answering all of our questions. He is super knowledgeable and really knows the ins and outs of real estate! He always got back to ...
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Ken went above and beyond to help me purchase the exact home we wanted. We were able to get our very first offer accepted. Thank you for your help Ken.
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Ken is amazing at what he does. He provided us with the best service and got us our new home. He is always available for questions and he made the process seem easy.
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Ken helped me find my place. He was patient and he really knows the ins and outs of the real estate business so I would highly recommend him.
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Ken was my agent for my first-time home purchase in 2019 and was extremely helpful throughout the entire the process. Ken took the time to note all of my home-buying needs and constraints, and he respected those throughout my ...
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My family and I are grateful and thankful. Awesome, Professional! Overall, I give Ken a perfect 10 when it comes to service and guiding me through the whole home buying experience! From the start, Ken was very personable and pr...
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I was referred to Ken from a lender that I was working with a pre-qualification when I was trying to buy my first home. He quickly got in touch with me and got me a qualified list of properties within my search criteria, area, ...
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Ken is an incredibly professional and ethical Realtor. He made the process straight forward and was always fast to respond to my questions or concerns. This was my first purchase and Ken always took the time to explain things i...
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Whenever we had a question or concern he was quick to respond to our calls. He helped us from start to finish on the purchase of our home. He was always extremely helpful in all phases of the process. Whenever we had a question...
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As a first-time homebuyer, I was unsure what to expect about the process. I was very fortunate to have Ken as my realtor. He was very responsive, patient, and helped lessen the stress I was feeling during the process. He took t...
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Ken was our realtor for our first home. He’s a great guy and really helped us understand the LA real estate market. He’s also super knowledgeable about the financing market. We spent a long time viewing more than a handful of h...
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Ken is very knowledgeable, professional and trustworthy. I highly recommend Ken Sisson!
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What's your property worth?


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How is a Valuation Performed?

There are two accurate ways to perform home valuations: with a Comparative Market Analysis and an appraisal. ​​​​​​​Here is how the two differ:

Why is a Valuation Important?

Though getting a valuation in order to sell your home is the most common reason to get a home valuation, it’s not the only one. ​​​​​​​Here are some more situations when a home valuation may be necessary:

Contact Us to Learn More.