How accurate is Zillow’s Zestimate? 

How accurate is Zillow’s Zestimate? 

LET'S PUT IT TO THE TEST. . .

LET'S PUT IT TO THE TEST. . .

WHEN IS THE BEST TIME TO FIND THE  EXACT VALUE OF A HOUSE? 

WHEN IS THE BEST TIME TO FIND THE  EXACT VALUE OF A HOUSE? 

WHEN A PROFESSIONAL  APPRAISAL IS PERFORMED OR 

THE DAY IS SOLD! 

LIKE THIS HOUSE:

WHEN A PROFESSIONAL  APPRAISAL IS PERFORMED OR 

THE DAY IS SOLD! 

LIKE THIS HOUSE:

SO, WE CAN SAFELY ASSUME THAT THIS HOUSE  SOLD ON OCTOBER 11TH, 2016 -- WAS REALLY WORTH $387,000. . . 

WHAT DOES ZILLOW'S ZESTIMATE SAYS ON THE VERY SAME DAY? 

SO, WE CAN SAFELY ASSUME THAT THIS HOUSE  SOLD ON OCTOBER 11TH, 2016 -- WAS REALLY WORTH $387,000. . . 

WHAT DOES ZILLOW'S ZESTIMATE SAYS ON THE VERY SAME DAY? 

SORRY ZILLOW, YOU ARE OFF BY $75,820!!!

SORRY ZILLOW, YOU ARE OFF BY $75,820!!!

SO, LET'S SEE ONE MORE EXAMPLE . . . . 

SO, LET'S SEE ONE MORE EXAMPLE . . . . 

SO, WHAT DO YOU THINK ZILLOW'S ZESTIMATE WOULD BE FOR THIS HOUSE  SOLD FOR $1,850,000 ON OCTOBER 7TH 2016?  

. . . . ON THAT SAME DAY, WE PULLED THE ZESTIMATE .....

SO, WHAT DO YOU THINK ZILLOW'S ZESTIMATE WOULD BE FOR THIS HOUSE  SOLD FOR $1,850,000 ON OCTOBER 7TH 2016?  

. . . . ON THAT SAME DAY, WE PULLED THE ZESTIMATE .....

AND THE ZESTIMATE SAYS. . 

AND THE ZESTIMATE SAYS. . 

HOLY COW!!!--SORRY ZILLOW, YOU ARE OFF BY $286,272!!

HOLY COW!!!--SORRY ZILLOW, YOU ARE OFF BY $286,272!!

PRETEND NOW THAT  YOU WERE THE SELLER OF THIS HOUSE? 

AND YOU LOOK FOR ZILLOW'S ZESTIMATE TO HAVE A GENERAL IDEA WHAT YOUR HOUSE WOULD SELL FOR? 

...AS YOU ARE MAKING A HUGE LIFE CHANGING DECISION TO SELL IT OR TO STAY BASED ON THIS PRICE. . .

SHOULD YOU RELY ON ZILLOW'S ZESTIMATE FOR THIS? 

OR SHOULD YOU SEEK  AN EXPERIENCED BROKER THAT WILL GIVE A RELIABLE & ACCURATE ESTIMATE OF YOUR PROPERTY'S VALUE... 

PRETEND NOW THAT  YOU WERE THE SELLER OF THIS HOUSE? 

AND YOU LOOK FOR ZILLOW'S ZESTIMATE TO HAVE A GENERAL IDEA WHAT YOUR HOUSE WOULD SELL FOR? 

...AS YOU ARE MAKING A HUGE LIFE CHANGING DECISION TO SELL IT OR TO STAY BASED ON THIS PRICE. . .

SHOULD YOU RELY ON ZILLOW'S ZESTIMATE FOR THIS? 

OR SHOULD YOU SEEK  AN EXPERIENCED BROKER THAT WILL GIVE A RELIABLE & ACCURATE ESTIMATE OF YOUR PROPERTY'S VALUE... 

SO YOU CAN  PROTECT YOUR EQUITY. . . AND HELP YOU MAKE THE RIGHT DECISION--- TO SELL OR NOT TO SELL?

SO YOU CAN  PROTECT YOUR EQUITY. . . AND HELP YOU MAKE THE RIGHT DECISION--- TO SELL OR NOT TO SELL?

iF YOU ARE THINKING SELLING YOUR HOME SOON. . 

IN MD, DC OR VIRGINIA

iF YOU ARE THINKING SELLING YOUR HOME SOON. . 

IN MD, DC OR VIRGINIA

START WITH EXPERIENCE...

START WITH EXPERIENCE...

..AND WE PROMISE TO PROTECT YOUR EQUITY!

..AND WE PROMISE TO PROTECT YOUR EQUITY!

This is not an attempt to discredit the general value Zillow provides to the public but... as a Broker that specializes in selling homes, I witnessed and experienced many instances throughout my career where homeowners are refraining from moving forward  based on the "perceived" accuracy of Zillow's Zestimates, ...and even worse in some cases, where homeowners are selling their homes losing thousands of dollars from the equity of their homes because they were unaware of it's real value. (as depicted in these two examples) 

Zillow has an important function for all real estate related transactions in the US. . is just that I wish they were MORE UPFRONT in warning homeowners of the real accuracy of their Zestimates. . or even better, why have it?  since we know its not an accurate figure. . . and let the "LOCAL" Realtors out there provide this valuable service of ESTIMATING THE VALUE OF A HOME.

This is not an attempt to discredit the general value Zillow provides to the public but... as a Broker that specializes in selling homes, I witnessed and experienced many instances throughout my career where homeowners are refraining from moving forward  based on the "perceived" accuracy of Zillow's Zestimates, ...and even worse in some cases, where homeowners are selling their homes losing thousands of dollars from the equity of their homes because they were unaware of it's real value. (as depicted in these two examples) 

Zillow has an important function for all real estate related transactions in the US. . is just that I wish they were MORE UPFRONT in warning homeowners of the real accuracy of their Zestimates. . or even better, why have it?  since we know its not an accurate figure. . . and let the "LOCAL" Realtors out there provide this valuable service of ESTIMATING THE VALUE OF A HOME.

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Copyright 2016 Herboso & Associates LLC 

Privacy Policy

www.ReallyNiceHomes.com

design: Convertri/realestate 

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