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For example, let’s say a home is priced according to market value around $750,000, but Zillow shows it’s worth $700,000. A buyer can compare a home’s price to its Zestimate online. Is the home overpriced or is Zillow underpriced? If a seller relied solely on Zillow, they could miss out on earning top dollar if their home is underpriced, oriented around a Zestimate.
If you want to investigate the true value of your home, contact a trusted professional in your area with experience and proven results. I would be more than happy to provide a complimentary home market value report if you’re interested in selling your home. Give me a call or send me an email! I’d be happy to discuss and serve your local real estate needs.
Recently, I’ve received a lot of questions about the accuracy of Zillow and the reliability of the site’s home value estimates. Today, we’re going to discuss Zestimates in Irvine. Are they accurate and reliable?
Should clients use these numbers to sell their home? In my opinion, Zestimates are not accurate, nor reliable. If you’re looking at a particular Zestimate, Zillow will explain how they arrived at that specific number. For example, Irvine’s Zestimate includes data from Los Angeles, Long Beach, and Anaheim. Through an algorithm, they calculate values in Irvine, but we already know that’s inaccurate.
Should clients use these numbers to sell their home? In my opinion, Zestimates are not accurate, nor reliable. If you’re looking at a particular Zestimate, Zillow will explain how they arrived at that specific number. For example, Irvine’s Zestimate includes data from Los Angeles, Long Beach, and Anaheim. Through an algorithm, they calculate values in Irvine, but we already know that’s inaccurate.
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Zestimates are not accurate, nor reliable.
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For example, let’s say a home is priced according to market value around $750,000, but Zillow shows it’s worth $700,000. A buyer can compare a home’s price to its Zestimate online. Is the home overpriced or is Zillow underpriced? If a seller relied solely on Zillow, they could miss out on earning top dollar if their home is underpriced, oriented around a Zestimate.
If you want to investigate the true value of your home, contact a trusted professional in your area with experience and proven results. I would be more than happy to provide a complimentary home market value report if you’re interested in selling your home. Give me a call or send me an email! I’d be happy to discuss and serve your local real estate needs.
