When it comes to determining your home value, Zillow’s Zestimate feature can’t be trusted to give you an accurate figure.
You may have heard of Zillow’s Zestimate feature. Today, I’d like to tell you why you shouldn’t trust your home value to this online tool.
Zillow doesn’t know your property and the Zestimate can easily be manipulated by the homeowners or by faulty data. Even when nothing is manipulated, the Zestimate is simply an algorithm that only considers comparable properties.
Zestimates can’t take specifics of your home into account. It doesn’t consider things like whether you’re on a main or side street or whether your home is on a hillside.
As a result, Zestimates have been known to be off by about 20% nationally. Be very careful when using Zestimates.
Just like you wouldn’t use WebMD to definitively diagnose your illness, you shouldn’t use Zillow to determine your home value. It is incredibly important to trust a professional.
"Be very careful when using Zestimates."
A property is the largest investment most people make in their entire life. Zillow can give you a good ballpark figure, but you shouldn’t trust it to give you an exact value.
To get a very specific and very accurate understanding of your home’s value, you should speak to a professional.
If you have any other questions or would like more information, feel free to give me a call or send me an email. I look forward to hearing from you soon.