The Problem with Zillow and Home Value

A lot of our clients ask, “Can we trust Zillow to come up with an
accurate value for a property?” The short answer is no. In most
cases, Zillow’s Zestimates are off by 5% to 15% of the true
price.

The problem is that Zillow uses similar homes in the neighborhood
to come up with the value of a property. However, determining a
home’s value is not that simple.

The best way to know what a home is worth is to contact a real
estate agent, like me. We will pull all the comparable homes in
your area and do a physical assessment of your property to
determine what it is worth in the current market. Zillow has no way
of knowing about any improvements you have made to the
property.

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Don’t use Zillow to make any major real estate decisions.

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Ultimately, whether you are buying or selling a home,
Zillow is a great starting point, but don’t use it to make any
major decisions. The CEO of Zillow himself ignored his home's
Zestimate when it because the Zestimate was 40% off! He went with
an agent instead. Read all about it here.

If you have any questions about home values or real estate in
general, please don’t hesitate to reach out to me. I would be happy
to help you!