Q: Are Zillow’s Zestimates Accurate?
Here’s why you can’t trust Zillow’s estimate of your house’s worth.
Can you trust Zillow to give you an accurate estimate of your home’s value in today’s real estate market? Sellers ask me this quite a bit. Unfortunately, the answer is a resounding ‘No.’
"Zillow can’t give you a true estimation of your home’s worth."
A few years ago, Zillow had lousy results; their margin of error was between 10% and 15%. It’s gotten better over the last few years, but it still misses the mark on your home’s true valuation. Zillow doesn’t have data on the condition of your house. If the home needs some maintenance, that can diminish its value a bit. If your house is in immaculate condition, that will magnify its value, and buyers will pay a premium for it.
When was the roof last replaced? How old is the kitchen? Were the bathrooms ever upgraded? How is the HVAC unit? Recent changes in air conditioning units are having a massive impact on home values. Zillow doesn’t know any of these things about your property.
The best way to find out what your home is worth in today’s market is to give me a call or leave a comment at the bottom of this page. You can see more from me on YouTube, and reach out to me on Facebook. If you want to discuss your home’s worth or have any questions, contact me and we’ll have a no-pressure conversation. I would love to speak with you.