You may have heard of Zillow’s Zestimate feature, but do you know whether or not this online value can be trusted?
In case you aren’t already familiar with this web-based tool, Zestimates are essentially Zillow’s version of a home value estimate. By entering in some data about your property, Zillow will assign your property a certain value.
Unfortunately, the algorithm this tool uses is not designed in a way that will always produce accurate results. Zillow’s Zestimate tool simply cannot factor in all relevant elements that go into your home’s value. Zestimates ignore key factors such as location and upgrades, which both have a significant impact on home value.
Homes in cookie-cutter neighborhoods might see more accurate results from a Zestimate, but unique homes or those in a rural area are likely to be assigned a value that is way off.
To get a more accurate idea of your home’s value, please reach out to us for a custom home evaluation.
If you have any other questions or would like more information, feel free to give us a call or send us an email. We look forward to hearing from you soon.