Published: Sep 05, 2014 8:40 AM EDT
Updated: Sep 05, 2014 10:27 AM EDT

LEE COUNTY, Fla.- Would you like to know what your home is valued at or if you're buying, would you like to know what you should offer? Those answers may be at your fingertips by going to online valuation websites, right?

Beware, trusting the value you find on the internet may become an expensive lesson for you.

Real Estate.

1. Online valuation websites are a good source of information and misinformation
a. Neighborhood information
b. Recent sales
c. General neighborhood market trends
d. General housing values

2. Online valuations will almost always favor the buyer
a. Buyer's educate themselves by using many sources and have a better understanding of market value then sellers.
b. Buyers will use online values when it's in their favor
c. Buyers are the ones who set the market
d. Buyers have an advantage, they have "expert" opinion available free (a real estate agent)

3. To avoid underselling or overpaying, use a professional
a. Based on the random sample that we just looked at, the average margin of error was greater than the normal commission a seller may be trying to save.

If you have a question that you would like Denny to answer, email him at Denny@dennygrimes.com