Zestimate

Zestimate
Let me ask you a question. Would you ever marry someone without ever seeing them, or getting to know them personally? Would you ever just go on an app, like the way their picture looked, and ask them to marry you? Or better yet, would you ever compare someone you wanted to marry to their friends, and base your decision to marry of them based upon how their friends act or looked? Of course, not, that would be crazy, wouldn’t it? We couldn’t possibly judge someone’s character based upon their friends. Well, I wouldn’t do that either.
Hi, I’m Alicia Collins with RE/MAX The Group and the Alisha Collins Real Estate Team. Marrying somebody without seeing them is just like trusting Zillow to value your home. You see, Zillow is an algorithm, and they get their information from public data.
Zillow has never seen the inside of your home, and it’s a computer. It bases the price of your home based upon what the neighbors are doing. It’s basically the same thing as marrying someone based upon their friends. Zillow comes up with the value based upon what your neighbors are selling for. They look at things like size, bedrooms, bathrooms, et cetera, and they compare them to your neighbor’s, but, they cannot take into consideration upgrades, views location, amenities, desirability and the market climate. A computer cannot take these major features into considerations when giving you zestimate, and all these factors have a huge impact on the value of your home.
Here’s the crazy thing, Zillow even acknowledges their lack of accuracy, stating that the US as a whole, zestimates are currently within 10% of the final sales price, 71.5% of the time. And they encourage you to get a more accurate evaluation by a licensed agent or an appraiser. The license station part, that’s what my team and I do.
We live and play in this area and we’ve sold more houses, than many agents in our area, and more than most nationwide. We take a detailed look at not only the comparable, but also what the absorption rate is, as well as many other factors when determining what to price your home at. You have to consider inventory levels, buyer demand, interest rates, market climate, and so many other considerations, in addition to upgrades, amenities, location, et cetera.
Let me show you what I mean. By relying on Zillow as an accurate evaluation to price your home, can vastly impact your sale. Call a professional who has the experience and the ability to assess the value of your home. And Hey, if you’re wanting a more accurate analysis of the value of your home, call us, we’ve sold hundreds of homes right here in the capital area, and we can get you a custom marketing proposal from a real life person, who lives, works, and breathes real estate full time. Remember, we want you to love where you live. See you soon.
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