Zestimates aren’t always accurate when it comes to determining a home’s value. Here’s why.
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Whether we’re working with buyers or sellers, the subject of Zillow’s Zestimates comes up quite often, and the No. 1 question we usually get asked about them is, “Are they accurate?”
First, let’s review what a Zestimate is. Basically, it’s Zillow’s home valuation tool that’s based on a computer-generated algorithm.
Unfortunately (or fortunately, depending on your situation), Zestimates aren’t always accurate. If you’re a home seller and you live in a cookie-cutter neighborhood where all the homes are the same, your Zestimate has a better chance of being accurate. If you don’t live in a cookie-cutter neighborhood, though, Zillow will have a hard time giving your home an accurate Zestimate.
Why? A Zestimate can’t account for any upgrades you’ve made to your house. If you’ve installed brand-new granite countertops, redone your flooring, or repainted the entire house, that added value won’t be reflected in your home’s Zestimate.
If you want to get a truly accurate valuation of your home, the best thing you can do is contact a real estate agent such as myself so we can visit the property in person and consult with you.
If this sounds like something you’d be interested in or you have any other real estate needs I can take care of, don’t hesitate to reach out to me. I’d be happy to help you.
