If you have visited Zillow, you have seen their Zestimates, or automated home values. What you may not know is that Zillow uses an algorithm to come up with these values using a very limited number of factors.
While Zillow is a fun website and a fun place to get a general idea of home values, the site cannot take things like year built, home upgrades, location, view, or market conditions into account. A 4-bed, 3-bathroom house next to the highway that hasn’t been updated since the 1980's is virtually the same as a 4-bed, 3-bathroom house in a quiet cul-de-sac built just last year.
Even Zillow admits that Zestimates can be off by 5% to 10%. Zillow’s own CEO sold his home in 2016 for 40% less than the Zestimate.
The only way to get an Accurate Value for your home is with the help of a Real Estate Professional who knows the market inside and out.
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