Zestimate is a word home buyers and sellers know. Zillow has
done remarkable work in becoming a trusted go-to resource for people
who are engaged in residential real estate.
Zillow
tells everyone who is willing to read that the Zestimate is at best a starting
point of a value conversation. On their web site, Zillow explains (with charts)
that Zestimate is accurate in representing a property's value within 20% of
the eventual sales price 91% of the time.
Within 20% almost 91% of the time? Not even a meteorologist keeps a job
with that kind of inaccuracy.
Zillow does do a good job at some things. They tell consumers ...get
a market analysis from a Realtor®. Visit the house.
Buying and selling Real Estate is dependent on the area you live, which is why Zillow might be a good place to start (and 90% of people who are buying do start searching online first), but it's just a start. To get real, accurate and current information, begin with a professional. Call me and I can help!
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