About

By now, most people have heard of the Zillow Zestimate. But, how accurate is this feature in determining the value of your home? Click here for a full home searchClick here for a free home value reportYou've probably heard of the popular real estate website, Zillow. However, can you really trust the information that you find there? One of the most popular tools on Zillow’s website is the Zestimate feature, which assigns values to properties. Many of my clients often come to me wondering how, exactly, Zillow comes up with these values. The truth is both simple and complex. Zillow’s value varies a lot because their Zestimate tool uses a mathematical algorithm to determine value. However, the Zestimate takes into account too much erroneous information. On top of that, the tool is also unable to take any improvements or upgrades you’ve made on your home into consideration. So, just how far is Zillow off? This depends on your area, the number of homes near you, and the conditions of those homes. No matter the case, Zillow’s Zestimate is usually way too low or way too high.     An accurate home evaluation is incredibly important.In order to price a home correctly, you must know the condition of the home you’re pricing, the conditions of other homes that have sold, and whether the market is in an up or a down cycle. All of these nuanced factors will have an influence on price. Zillow simply cannot take them into account.An accurate home evaluation is incredibly important. Certain things about your home can be changed, and certain things can’t. We can’t change your home's location, but we can change the way it is marketed and priced.Pricing your home correctly from the start will make a massive impact on the success of your listing.If you have any other questions or would like more information, feel free to give me a call or send me an email. I look forward to hearing from you soon.