I get a lot of questions about Zillow and their Zestimates and why they’re either too low or too high when it comes to the value of homes.
I recently talked to someone selling his house and the Zestimate from Zillow was really high. I did my due diligence and looked at comparable homes and found that the house was worth 26% less than what the Zestimate said it was worth.
We listed the home at the price I recommended and it sold at that price. It ended up selling for 84% of the Zestimate’s value.
Zillow comes up with their Zestimates by looking all around the area and treating all homes the same. They don’t consider things like upgrades or improvements that you’ve made to the house. It can be a good ballpark value, but it won’t be exact.
“ If you want a more accurate idea of what your house is worth, talk to a real estate agent.
If you want a more accurate idea of what your house is worth, I would talk to a real estate agent and have them come out to your house. They can consider the condition of your house and any improvements you’ve made, and they’ll only compare it to other houses that are in the same shape and condition.
They’ll also only compare it to homes sold in the last three to six month since that’s the only relevant information for pricing.
If you have any other questions about Zillow or you want to know what your home is truly worth, give me a call or send me an email. I’d be happy to help!