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Thursday, March 10, 2016

Beware of Zillow's DC Home Estimates


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We recently did a case study about Zillow, and we found that Zillow underpriced homes that we had sold by an average $9,000. That's a ton of money to leave on the table!

It's been estimated that Zillow's home estimates are only right 7% of the time. That means that they are wrong 93% of the time! That is a terrible success rate.

Remember, Zillow can't take features or upgrades on your property and compare them to other recently closed homes in your area, even though doing so gives you a more updated value on your property. Zillow doesn't walk through your home, and that's where my team can come in and place an accurate value on your home.


Ultimately, if you want the most accurate price for your home, make an appointment with a real estate professional. We will go over your home and the local market data in order to give you the most accurate home value. You can also use our free home evaluation!

If you have any questions, or if you're interested in a home valuation, give us a call or send us an email. We look forward to hearing from you!

1 comment :

  1. Great job, Scott! I enjoyed it. Interesting information.

    ReplyDelete