Should You Trust Your Zestimate?

Getting an online estimate of your home’s value is convenient, but is it accurate?

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A lot of the people we work with want to know what a Zestimate uses to come up with a home’s value and if it’s accurate. Buyers are making offers on properties after looking at Zesitmates and home sellers often consult Zillow to find their home’s estimated value. When people ask about these numbers, the answer is that we don't know exactly how they come up with them. I’ve seen prices that are too high, too low, and once in a while, they’re accurate. When we look at the value of a property, we first look at an appraised value that uses accurate, up-to-date data to arrive at a price. I’ve done appraisals as a real estate broker, and we can adjust a home’s value based on a ton of different factors (location, views, upgrades, updates) that can impact the property's value positively or negatively.

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A professional agent will give you
a much more accurate value.

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If you’re a buyer or seller, be fair to yourself and don’t use your Zestimate as the final word. To find out what a property is really worth, you should be consulting a professional like myself who can give a much better, much more accurate representation of what a home is worth on the market.

If you have any questions, call or text today at (239) 248-8000. I’d love to hear from you.