"Proven Only 65% Accurate"
"Is Zillow Lying?" Online Home Values | Jose Sepulveda, Remax
Are you curious just how accurate online home values are? Or maybe you got a Zillow Zestimate but you're curious about their accuracy? Or maybe you're asking, should I get my home value online? If you answered yes to any of these questions, then this video is a must watch.
In this video we break down how online home values calculate the value they give you and just how accurate they are.
Can I Trust the ‘Zestimate’ for My Home on Zillow? | New York Times Real Estate Q&A Pretty remarkable statement in the middle of this short article: A Sotheby's agent is quoted as saying, "He has never heard of a tax assessor relying on a Zestimate." Don't rely on algorithmic valuations for your property's value. These estimates are interesting, but anything but the final word. Read the paywalled article on NYTimes.com >
Why Your Zillow Estimate is Wrong | What Your Home is Actually Worth | Pauly Campanaro Discover the 3 reasons online home value estimates fail: they can't account for condition (your $40K kitchen remodel), they lag behind the market (using 60-90 day old data), and they don't know your competition (what's hitting the market this week). Learn why pricing right matters: homes priced correctly sell 19 days faster and for 3.8% more ($15K+ on a $400K home). Excerpted from this video posted by Pauly Campanaro:
@SacAppraiser | Ryan Lundquist Zestimate history. This property in Roseville listed at $349K, and the Zestimate matched the list price at $349K despite comps being above $600K. After 11 days the price went to $699K (sold $638K). Today's Zestimate shows no history of $349K. Maybe a brief Zestimate gets erased?
