Are Zillow Home Values Accurate?
You shouldn’t rely on online home valuations when pricing your home.
Do you use valuation tools such as Zestimate, home bots, and other tools commonly used in the real estate industry? It's always exciting to receive an email from a real estate agent and find out the value of your home by using their online tools. However, these can be unpredictable as they rely on recent sales data in the neighborhood. For instance, if a recent sale in the area had a finished basement and a three-car garage, your home's value might go up based on that.
These valuation tools, including Zillow, Realtor.com, and Redfin, all have different algorithms for calculating the value of your home. While these tools are helpful in keeping an eye on the value of your property, they are not the best way to determine the actual worth of your home. As a Realtor, I always look at what's happening right now rather than just relying on past sales data.
"Valuation tools are not the best way to determine the actual worth of your home."
To get an accurate valuation of your property, we need to assess its condition, floor plan, and location. We also need to consider the competition in the market and position your home strategically to get the best offer. If you're planning to sell your home, I’d like to meet with you so we can come up with a plan to sell your property for the highest possible price.
Whether you're considering selling now or in the future, it's always good to have a plan in place. Give me a call or send an email. I’d love to connect with you.
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