People ask me all the time, “How accurate is a Zillow Zestimate?” Well, the answer can be found on Zillow’s own website where it talks about the Zestimate being a proprietary model. It is a computer module that determines values using public-submitted data and user-submitted data to come up with a range.
In other words, it is simply a starting point. After you look at a home’s Zestimate, if you really want to know its true value, Zillow recommends getting a professional appraisal. They can give you their opinion of the price once they have seen the home.
On one of my latest listings, the home seller initially thought the home was worth a certain amount because of its Zestimate. After my team and I did our analysis on the property, we came up with a suggested price that was 10% to 15% higher than the Zestimate.
You could be leaving a ton of money on the table by trusting your Zestimate. If you are considering buying or selling a home, use that Zestimate as a starting point, and then call an agent like myself to find the true value of the property.
If you have any questions for me in the meantime, please feel free to give us a call or send us an email. We look forward to hearing from you soon.