How Accurate is Zillow’s Estimate? (Zestimate)
Articles,  Blog

How Accurate is Zillow’s Estimate? (Zestimate)


What’s up guys it’s Ryan Henze, with top hat connections from keller Williams, your favorite realtor so today I might get some heat from this, but I’m gonna do it anyway because I’m trying to educate you. now we all love Zillow right? I actually like Zillow, it’s a pretty good website is good for searching homes. It’s convenient it’s pretty fast streamline the user interface is easy so I’ve got no qualms about that. What do you have a problem with is the Zestimate. Now, I hate it when you go to someone like uh my House well zillow said my home was worth this. I’m gonna tell you flat out this is printing right off of zillow’s website. Why they don’t make it easier to find, I do not know, but if you go to zillow.com/zestimate you will find what I’m about to read. You so they tell you in their own definition, that is a starting point for determining a home’s value, not an official appraisal. They also go on to say that they encourage, right here, encourage buyers and sellers and homeowners to supplement zillow information by doing research such as getting a comparative market analysis from a real estate agent and also goes on to say that they are Within 20 percent of the sales price only about 20 percent of the time so that’s pretty bad. Its just kinda confusing tho cuz. It goes on to say they’re also within, four percent, so I don’t know how to get these different numbers, but long story short right here, a zestimate is a good starting point as well as a historical reference, but it should not be used for pricing a home. So, there you go straight from the words a zillow themselves so I’m not saying that to be down on anybody but just it’s your most valuable possession so you wanna make sure you’re getting Pricing information and you know Zillow has never been to your neighborhood or your city. So they really don’t know the values as well as a local real estate professional will so that’s my little two cents for today hope you guys are having a good one. I’ll see you later this week for fun fact Friday talk to you soon

Leave a Reply

Your email address will not be published. Required fields are marked *