Zillow estimates are frequently used by homeowners who are looking to sell their home for the best price. However, the value that you're given can often be misleading. According to Zillow themselves, the average error rate is 4.6%.
What is a Zillow Estimate?
Zillow automatically calculates its home estimate based on public data and information. The software takes into account details of the home, location and the state of the market. However, since the computer cannot see the actual quality of the home, the number cannot be completely accurate.
Why use the Estimate?
Even though the estimate is not an appraisal of your home, it can help put you in the ballpark. Zillow can provide homeowners with a start value for their home, which can them be modified and adjusted based on the home's specifics.
How to Verify Your Home's Worth.
The best way to understand the value of your home is to work with a professional. Real Estate agents have better methods of appraisal and can more accurately determine the value of your home.
If you need help to determine the value of your home, we're here to help. Our agents will work hard to sell your home and get you the BEST PRICE!