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Zestimate – Why Zillow Zestimate Accuracy can be OFF by 20% – 40% on there Values
Zillow’s zestimate in many cases they’re off 20 to 40% on home values and then I’m going to go over what you could do to get a more accurate assessment of what your home is worth in the value of your own all right so I understand a lot of people that are looking for the value of their home make a line Zillow’s zestimate.
I understand when they’re looking they go on Zillow to look for homes and and I understand why there was gorgeous it’s a great website it’s very user friendly to consumers has a lot of great features mapping a whole bunch of stuff it’s really attractive the thing with Zillow Zestimate.
It’s highly inaccurate now I said that there often a lot of times at home houses twenty to forty percent their own CEO and you could look this up at their own CEOs home value was off 40 percent and he has gone on record to say they know there’s estimate is very inaccurate.
They’re looking at correcting that down the line because if you’re looking to get the value of your home you can’t just get it from an estimator any estimator that just pulls data because there’s too many variables what’s the condition of the home what’s the lot orientation you know as the home been updated has it not been updated is it built by a high end builders it built by our line builder you know there’s a lot of different variables that go in there.
So as far as Zillow they’re not accurate on the Zillow zestimate and they’re not very accurate even when you look at homes twenty to thirty percent of all the homes on Zillow aren’t even actively for sale once they sit Doha is a mammoth advertising company in a data collection company they’re not a nonprofit organization so what can you do about that now there’s a couple reasons why people want the estimate in their house sometimes you’re just curious just say.
I’m just curious to see what my homes were or maybe you’re looking at selling your home right now or in the next several months so if you choose one a ballpark estimate it’s probably a better idea just get a hold of a real estate agent.
Give them your address just say hey just send me the comps from my area everything that’s going on in the last six months they can go ahead and pull up your area they could send it directly from the mls all the sales in the past six months the actives,pendings,and solds now that is very basic because you’re going to have to do your own analysis.
If you’re on the bus line and home across the street was backing up to a strip center well there’s going to be a big price difference the other thing to do if you’re looking at selling your home either now or in the future you could go to a real estate agent and actually have them come out and take a look at home.
They could pull all the comparables analyze them take a look at your home give you a really good idea what the value of your homes worth and what you might need to do to get it to sell for more money some really cheap and inexpensive things to do that just tweaks it a little bit so you’re able to get the high-end in the market.
I’m going to go ahead and put a video up above on how to sell your home it’s a video series I did it’s going to walk you through everything you need to know if you are going to sell your home if that’s the reason why you’re getting a home value for Pete’s sakes
I’ll put a link to my website if you want the value of your home and you’re in the Twin Cities MN area just go ahead and fill that out and I could do it if you’re out of the area or out of state I really don’t have the access to do that so just reach out to an agent in your area.
Expert Home Valuation from a PRO
I hope this helps have a wonderful day leave a comment below let me know what you think if you use estimate before let me know your experience alright have a great day.
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