Zillow Zestimates: St. Louis Real Estate Home Values-How Accurate?

Hi everyone and welcome this is Gary
with Remax Results and today I want to talk to you about one particular source
home sellers are using to get the value for their property
when they’re thinking about selling. What I’m referring to is Zillow’s Zestimates, this
is what Zillow estimates the value of your home to be. I want to caution sellers
particularly in St. Louis not to put too much weight into Zestimates. Having this
information will help when you decide to sit down with yourself, spouse or Realtor
and determine what you might want to list your house for. Let me show you why
I say this, let’s pull up Zillow and see what they say about their Zestimates. We’re going to scroll down to the bottom
of the page and click on Zestimates and then we’re going to click on how
accurate are Zillow’s Zestimates? As we can see their definitions are based on a
1 to 4 star rating and we can see when we look at the data coverage it starts
out pretty good with 3 stars and even a 4 star in Denver and as you scroll
through you’ll actually find quite a few four star areas but as you’ll see St.
Louis is one of four cities that gets a one star which according to Zillow means
unable to compute Zestimate accuracy which is completely understandable, St.
Louis is a very unique real estate market, our neighborhoods are not
uniform at all. Our neighborhoods are as unpredictable as our weather, you never
know what you might get driving from one to another so if you’re unsure about the
value of your home and need a second opinion please reach out to me and I’ll
make sure we determine an accurate market value for your home and if your
particular area is one I’m not completely familiar with… no worries I have the best
Realtors in my office and together we cover a good portion of Missouri and
Illinois. I look forward to working with you and would love for you to be a part
of our extraordinary results this year thank you and have a great day. Oh and by the way I’m never too busy for any of your referrals.

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