Here’s what everyone should know about Zillow and their instant Zestimates.
Recently, I’ve been getting a lot of questions about the accuracy of Zillow’s Zestimates. As far as instant values go, they’re not bad. However, they’re generated from inaccurate data points.
There can be a 10% swing in price either way based on your Zestimate. If you have a $1 million property, you could be overpricing or underpricing the property by $100,000 if you go by its Zestimate.
We recently ran across a property that had a $700,000 Zestimate. The property is currently under contract for $1.4 million.
If you do need a home evaluation, reach out to us and we’d be happy to give our expert opinion. Send us your Zestimate and we can check it for accuracy.
If you have any other real estate questions or needs I can assist with, don’t hesitate to reach out via phone or email. I look forward to hearing from you soon.