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    Why Should You Take Zillow Zestimates with a Grain of Salt?

    Zillow is a very popular tool for buyers and sellers alike, but it’s important to know its limitations. To show you why you need to take their Zestimates with a grain of salt, I’ll show you five properties we currently have under contract and compare the pending price to the Zillow Zestimate.

    The first one was off by $4,000.
    The second was off by $31,000.
    The third was off by $7,500.
    The fourth was off by $6,000.
    The fifth was off by $14,000.

    If you need a rough estimate of your home for financial planning purposes, Zillow is probably fine. But if you’re planning on buying or selling, you need to find the true value of the home. The Zestimate doesn’t take into account some of the finer details of homes that greatly affect the price they will actually sell for.

    Pull Quote Template SHANNON

    Hire an expert advisor who will go out and look at the home, look at comparables, and will do a detailed evaluation of the property. That’s what we do for our clients, and as the examples above show, it works pretty well! If you would like us to do that for you, or if you have any questions about the process, we would love to hear from you!

     

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