Why You Shouldn’t Trust a Zestimate

    Should you trust Zillow’s Zestimate of your home’s value?

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    Which should you trust more regarding your home’s value: a Zestimate or your agent’s opinion? Let’s discuss this today.

    First of all, what is a Zestimate? Zillow’s Zestimate feature is an online tool that runs local data through an algorithm to produce an estimated home value. Our team has actually sold homes whose Zestimates were 20% off from their actual sales price.

    So should you trust this form of estimate, or should you trust your agent? You can certainly take both perspectives into account, however, an agent will be able to give you a true market analysis.

    Our team has actually sold homes whose Zestimates were 20% off from their actual sales price.

    Since Zestimates are produced using data from nearby properties, the figure they come up with is just an average. The Zestimate does not tell you the radius it considers or the reported square footage of homes within that area. Additionally, Zestimates cannot take updates or recent repairs into account.

    If you would like a market analysis which would provide you with a true value of your home, please feel free to give me a call. I would be happy to help you.

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