How Accurate Is Zillow’s Zestimate?

Have you ever looked your home up on Zillow and seen a Zestimate of what it’s worth? In this episode of Highest Or Best, I’m going to explain whether you can trust the number that Zillow estimates your home to be worth. We’ll look at how the Zestimate is calculated and discover the best way to get the value for your property.

Zillow Zestimate Explained | Is It Accurate?

All About The Zestimate

We’ve all seen the Zestimate on Zillow, the company’s estimation of your home’s worth. You can look your home up on Zillow and see this number right now. But is it even accurate, especially in a market as volatile as this?

Zillow gets their estimation from an algorithm they’ve developed that looks at many factors, including recent sales of homes in your area. To be honest, it’s gotten a lot better over the last few years—mainly as Zillow has amassed more and more data points on homes in every city.

Zillow knows what other homes are sold for in your neighborhood. It most likely knows the square footage of your home and how many bedrooms and bathrooms it has. But the reality is that Zillow’s estimation of your home’s worth is only as good as the data it has.

Is It Accurate?

The Zestimate doesn’t know that you recently updated your kitchen, or that you just put on a new deck. It doesn’t know that your roof and furnace are only two years old. To further complicate things, Zillow has an even harder time estimating value if you live in a neighborhood with varying ages of homes or styles of homes.

Old homes and new homes mixed together—or older homes with newer additions—confuse the algorithm and muddles the data, bottom line. The best way to get an accurate estimate of your home’s real market value is to set up a quick appointment with me.

I can take into account all of the updates and work you’ve put into your home, getting a real snapshot of your neighborhood and the current market conditions. This will give you a much more accurate picture of your home’s market value.

Getting Your Money’s Worth

So if you’d like to learn more about the real value of your home, shoot me a message at 310-487-0099 or on Facebook Messenger. While the Zillow Zestimate can be close to your property’s value, it simply can’t take all the factors into consideration.

Don’t forget to subscribe to my channel so you never miss an episode of Highest Or Best, my show all about the Los Angeles real estate market and selling your Los Angeles house for top dollar in the shortest possible time. Stay tuned for the next episode to see how I teach you to maximize your real estate assets when it’s time to sell!

Have you ever looked your home up on Zillow and seen a Zestimate of what it’s worth? In this episode of Highest Or Best, I’m going to explain whether you can trust the number that Zillow estimates your home to be worth. We’ll look at how the Zestimate is calculated and discover the best way to get the value for your property.

All About The Zestimate

We’ve all seen the Zestimate on Zillow, the company’s estimation of your home’s worth. You can look your home up on Zillow and see this number right now. But is it even accurate, especially in a market as volatile as this?

Zillow gets their estimation from an algorithm they’ve developed that looks at many factors, including recent sales of homes in your area. To be honest, it’s gotten a lot better over the last few years—mainly as Zillow has amassed more and more data points on homes in every city.

Zillow knows what other homes are sold for in your neighborhood. It most likely knows the square footage of your home and how many bedrooms and bathrooms it has. But the reality is that Zillow’s estimation of your home’s worth is only as good as the data it has.

Is It Accurate?

The Zestimate doesn’t know that you recently updated your kitchen, or that you just put on a new deck. It doesn’t know that your roof and furnace are only two years old. To further complicate things, Zillow has an even harder time estimating value if you live in a neighborhood with varying ages of homes or styles of homes.

Old homes and new homes mixed together—or older homes with newer additions—confuse the algorithm and muddles the data, bottom line. The best way to get an accurate estimate of your home’s real market value is to set up a quick appointment with me.

I can take into account all of the updates and work you’ve put into your home, getting a real snapshot of your neighborhood and the current market conditions. This will give you a much more accurate picture of your home’s market value.

Getting Your Money’s Worth

So if you’d like to learn more about the real value of your home, shoot me a message at 310-487-0099 or on Facebook Messenger. While the Zillow Zestimate can be close to your property’s value, it simply can’t take all the factors into consideration.

Don’t forget to subscribe to my channel so you never miss an episode of Highest Or Best, my show all about the Los Angeles real estate market and selling your Los Angeles house for top dollar in the shortest possible time. Stay tuned for the next episode to see how I teach you to maximize your real estate assets when it’s time to sell!

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