Saturday, January 29, 2022

Are Zillow Foreclosure Estimates Accurate

Right now my home is categorized as pre-foreclosure in Zillow with an estimated foreclosure amount that is over 1m. Absolutely if you make use of Zillow Zestimates or Redfin Estimates.

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Have questions about buying selling or renting during COVID-19.

Are zillow foreclosure estimates accurate. The result is a starting point for determining the discount for which a foreclosed. This does come with some caveats though. Home buyers and sellers could then get an immediate intuitive feel for how accurate an individual home value estimate is by how far apart X and.

Those are national median error rates so local markets have a lot of built-in variance. A Zillow Zestimate can be accurate but then again it can also be inaccurate. They also provide foreclosure estimates.

Realtors are often asked are Zillow home values accurate. When looking at the foreclosure estimate on Zillow is that the estimated amount of the remaining mortgage or what they expect they will be selli When looking at the foreclosure estimate on Zillow is that the estimated amount of the remaining mortgage or what they expect they will be selli. The more data available the more accurate the Zestimate value will be.

Off by 20000 to 50000 in most cases. It is inaccurate information that is simply a ploy to collect your contact info. Zillow never claims to be 100 accurate.

I dont have a first mortgage. And what goes into creating the Zestimate. Zestimates are not accurate.

Zillow Group is committed to ensuring digital accessibility for individuals with disabilities. For example a foreclosed home in King County WA may sell for 10 percent less than it would sell for in a traditional sale. Zillow has 0 photos of this bed bath 624 sqft single family home located at 1708 Sanford St built in 1940.

To calculate the Foreclosure Estimate we then apply this discount to individual Zestimates. Looking at the numbers its clear that Zillow is more accurate overall but Redfin is more accurate on homes that are actively for sale. In reality I have a business loan against my home that is in default as a result of pending litigation related to a business venture.

The site displays a range of possible high and low values when you click on a particular home. Zillow Group is committed to ensuring digital accessibility for individuals with disabilities. Taking into account that its a foreclosed property.

Zillow has also come up with so-called Foreclosure Estimates which flank their flagship Zestimates and Rent Zestimates. If you wish to report an issue or. Zillow advertises these homes hoping you will click request more information and then it captures your contact information and sells it to real estate agents.

Zillow has 102 homes for sale in Kilgore TX. Zillow also uses a star rating system to show users how confident it is about Zestimates overall in various metropolitan areas. View listing photos review sales history and use our detailed real estate filters to find the perfect place.

See why Zillow values are inacurate. We are continuously working to improve the accessibility of our. The foreclosure center contains articles on owning a foreclosure buying a foreclosure and the foreclosure process.

The Zestimates accuracy depends on location and the availability of data in an area. Zestimate Accuracy. The answer is No.

Some areas have more detailed home information available such as square footage and number of bedrooms or bathrooms and other areas do not. Zillow is forthcoming about how accurate its estimates are. If they dont produce value estimates you can rely on within their published.

When investigating they only found two accurate pre-foreclosureforeclosure listings out of almost 100. Why they arent called Festimates. Mar 03 2021 Oct 08 2020 by Liz Brumer Automated.

We are continuously working to improve the accessibility of our web experience for everyone and we welcome feedback and accommodation requests. Using Portland Oregon as our subject for testing the Zillow Zestimate we look closely at the data. Introducing Foreclosure Estimates.

But how often is that true. Most take the Zestimate as a semi-accurate prediction of the homes final sales price. Which sadly arent known as Festimates I wish Its basically what Zillow expects the property to sell for.

If all the homes within a six-block radius are very similar to each other a Zillow estimate will be much more accurate perhaps within 10 because there are not enough specific variances to throw it off.

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Friday, December 10, 2021

Are Zillow Home Estimates Accurate

According to Zillow most Zestimates are within 10 percent of the selling price of the home 4 But Zestimates are only as accurate as the data behind them so. As of the date of this article the median error for larger markets is usually around 2 of the sale price of the home.

Advice For Home Sellers Zestimates Aren T Accurate Home Estimate House Jasmine Zillow

In my professional opinion Zillow has gotten quite accurate says agent Susan Aviles though she disagrees that the Zestimate is as accurate as a professional appraiser.

Are zillow home estimates accurate. Accuracy matters a lot in this arena because many buyers and sellers use the. Zillows search engines allows users type in an address and see an estimated value of any home. Mar 03 2021 Oct 08 2020 by Liz Brumer Automated.

If data is missing or incorrect let us know. Zillow would work great if all real estate was able to be compared like a commodity. Buyers usually get emotional when purchasing real estate.

Zillow says that Zestimates arent 100 percent accurate and the overall precision depends on different factors. But real estate is not a commodity and as a result Zillow is less than accurate. 8 In other cases such as for older neighborhoods with many homes that have been improved in different ways it wont be that close at all.

When Zillow first launched in 2005 it shook the real estate industry for its ability to provide instant appraisals. Home buyers and sellers could then get an immediate intuitive feel for how accurate an individual home value estimate is by how far apart X and Y. Given that they dont break out their error rate per on- and off-market properties an overall 4 rate on 110 million homes could very well put them in the lead.

A list of our real estate licenses is available here. There are 3 things Zillow misses when giving an estimate. If all the homes within a six-block radius are very similar to each other a Zillow estimate will be much more accurate perhaps within 10 because there are not enough specific variances to throw it off.

For the nation on the whole heres what their data says 2. Zillow actually provides data for most real estate markets about the accuracy of Zestimates. For example a home thats currently on the market for 245000 falls within the range of 240345 to 249655 in value.

Zillow may do its best to give you an accurate price of what a home is worth. The bottom line is that sometimes Zillow is accurate sometimes Trulia is accurate and sometime both of them are way off. How Accurate Are Zillow Home Value Estimates in 2017.

Information about brokerage services Consumer protection notice California DRE 1522444. In fact they can be wildly off leaving the buyer or seller worse off than before they looked at them. That 4 median error rate puts it on par with many professional home appraisers and many agents agree that Zillow has narrowly pulled ahead of Redfin in terms of accuracy.

Holds real estate brokerage licenses in multiple states. Each company has an estimate of their own accuracy. All of this information is on the same results page.

Zillow also publishes a list of how its Zestimates compare to actual sales prices based on county state and metropolitan areas for both on-market and off-market for sale by owner sales. Zillow claims its estimates have an error of not greater than 79 on any home. Zillows own chief executive Spencer Rascoff famously sold his Seattle home for 40 percent below its Zestimate.

Holds real estate brokerage licenses in multiple provinces. But the problem with Zestimates is that when they are wrong they can be significantly wrong. A Zillow Zestimate can be accurate but then again it can also be inaccurate.

Zillow updates its information daily and the estimates have a 19 margin of error for homes on the market and 75 for ones that arent. Check that your tax history and price history the sale price and date you bought your home are accurate on Zillow. Zillow claims its estimates have an error of not greater than 79 on any home.

Technology still has not advanced to the point where an online appraisal can accurately report the estimated value of a home. However they recently dropped a bombshell claiming their median error rate will be dropping to 4 or below very soon. How Accurate Are Zillows Estimates After Updating the Platform.

The problem is the estimates or Zestimates as Zillow calls them are not always accurate. The companys website says that some areas have more detailed information about homes. Redfin claims their estimates for active homes on the market have a current median error rate of just 177 and off-market homes are within 664.

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Wednesday, September 29, 2021

Are Property Tax Appraisals Accurate

These statutes are 2 primary concepts that the district uses when setting property tax values each year. A qualified appraiser.

Tennessee Property Assessment Glossary

The CAD expects a huge increase in homeowners challenging their valuations through an appeals process.

Are property tax appraisals accurate. A property appraisal on the other hand is a more involved process than a property tax assessment. Appraisers have a lot of data to consider and have to deal with many flaws in they system. Once you understand the reasons you can take.

Is the property tax assessment on this home accurate. An appraisal is an unbiased professional opinion of the value of a home and is used whenever a mortgage is involved in the buying refinancing or selling of that property. These variations can have an effect on the valuation of the property.

There are two reasons for this. Property tax assessments fall into three categories. Contact our friendly professionals today.

Your property tax bill is based on the assessed value of your property any exemptions for which you qualify and a property tax rate. 111825r of the Texas Property Tax Code the Gregg County Appraisal District gives public notice of the capitalization rate to be used for tax year 2021 to value properties receiving exemptions under this section. Plausible somewhat close High.

The short answer is probably not. In my case the house appraised at about 7000 more than the countys assessment. Sedgwick County makes every effort to produce and publish the most current and accurate information possible.

Your tax bill arrives and you have a heart attack. Real estate appraisers and tax assessors both employ the same methods to figure out what your house is worth. Tax Assessment and Market Value Differences.

In fact tax appraisals often have valuations that dont reflect the actual market value. State licensed appraisers complete the appraisal. The appraisal process is an important part of setting property taxes but higher valuations dont necessarily equate to higher taxes.

Our mission is to provide our community with a dedication to accurate assessments innovation and superior service. Professional Appraisers of Texas Inc. In the San Francisco Bay Area the tax appraised value of your home is 100 of its fair market value.

If your property is worth the property tax assessment the taxing district thinks it is worth its time to SELL and retire to Aruba. Oftentimes they get it right but sometimes they are only accurate. The appraisal district began mailing 2021 notices of appraised value on Friday.

The average sale price indicates your homes fair market value. Is the company to call for a fair and accurate valuation of your home. First Measure 50 passed in Oregon in 1997 has taken the focus of assessors away from real market values and turned it toward formula-driven assessed values.

However even when you know how property taxes are assessed it doesnt mean that you will be able to accurately gauge a homes appraisal value based on the property tax assessment. Provides appraisal services for buyers homeowners and sellers. Dont assume two houses with equal appraised value should have the same taxable value however -- they often do not.

Rent restricted properties vary widely. The property tax rate in White Oak is 060240 on each 100 of assessed valuation of all taxable property real personal or mixed located in the City of White Oak on the first day of January and not exempted from taxation by the constitution and laws of the State of Texas. But whatever your reason for calling a home appraiser in Longview Professional Appraisers of Texas Inc.

This means that 100 of your propertys value will. One of the most common questions asked about property tax in Oregon is whether the assessors real market value RMV is accurate. This application allows you to view property appraisal information real property specials taxes billed taxes due payment history and make online tax payments using your American Express Visa MasterCard Discover or check for property in Sedgwick County KS.

Typically both appraisers and assessors look for recent sales of homes similar to yours.

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Tuesday, September 7, 2021

Is Zillow Home Price Accurate

The Zillow Home Value Index is the typical value for a geographic area. The answer is No.

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The good news for homeowners who are just curious about the ballpark value of their house or any house on Zillow that is not listed for sale is the reported accuracy of.

Is zillow home price accurate. According to the site Zestimates are based on a proprietary algorithm that incorporates public records and user-submitted data. The 2nd home is a 2-bedroom 1-bathroom home in Denver CO 80246. After a careful appraisal of the 4-bedroom 25-bathroom home the valuation given by one of our certified local appraisers was.

Zillow offers a nifty feature that Trulia does not have. The typical home value of homes in the United States is 272446. As of the date of this article the median error for larger markets is usually around 2 of the sale price of the home.

5 days ago. ALWAYS rely on your REALTORs market analysis to determine a homes value. In the case above Zillow was very accurate.

These values are terribly inaccurate. A Zillow Zestimate can be accurate but then again it can also be inaccurate. Redfin claims their estimates for active homes on the market have a current median error rate of just 177 and off-market homes are within 664.

Accuracy matters a lot in this. While Zillow will not reveal their exact process for making home price estimates they have tried to be as transparent as possible and have frequently reiterated that these are indeed only estimates they are not 100 accurate. Lonnie Heward President of Accurate Appraisal USA explains the differences between Zillows reporting and.

51 people watched 272446. United States Home Prices Home Values Zillow. Thats nearly 30000 on either side of the actual selling price.

Zillow View All See more. Zillow is a good entertainment tool and may be able to tell you what homes in the neighborhood sold for but as far as the value of your home it is doubtful that it is correct. But the problem with Zestimates is that when they are wrong they can be significantly wrong.

Zillow actually provides data for most real estate markets about the accuracy of Zestimates. Zillows own chief executive Spencer Rascoff famously sold his Seattle home for 40 percent below its Zestimate. Zillow claims its estimates have an error of not greater than 79 on any home.

The higher up in sales price you go the wider that. Each company has an estimate of their own accuracy. This tool is a starting point in determining a homes value.

We of course would recommend they ask a local professional for a home value estimate. A list of our real estate licenses is available here. Zestimates are not accurate.

The Zestimate home value is Zillows estimated market value for an individual home and is calculated for about 100 million homes throughout the nation. Heres what we know about the calculations that go into the Zestimate. Information about brokerage services Consumer protection notice California DRE 1522444.

See why Zillow values are inacurate. However half of the time it could be far outside that range because the value of a home directly impacts the range that Zillow calculates. To really give this some perspective if a home sells for 350000 Zillows Zestimate will show a price between 320000 and about 380000.

The disclaimer encourages buyers sellers and the merely curious to do their own research. Realtors are often asked are Zillow home values accurate. This value is seasonally adjusted and only includes the middle price tier of homes.

According to Zillow most Zestimates are within 10 percent of the selling price of the home 4 But Zestimates are only as accurate as the data behind them so. In fact Zillows website clearly states that the Zestimate is not an appraisal and it should be used as a starting point. Holds real estate brokerage licenses in multiple provinces.

Holds real estate brokerage licenses in multiple states. However a Zillow home value is not an appraisal and may not take into account all the data necessary to make it as accurate as possible. Sometimes they are high or low by as much as 10-20 off.

Zillow uses complicated algorithms to calculate home values called Zestimates. Mar 03 2021 Oct 08 2020 by Liz Brumer Automated valuations and online estimates are becoming an. Home buyers and sellers could then get an immediate intuitive feel for how accurate an individual home value estimate is by how far apart X and Y.

It is important to note that this is not an official appraisal.

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Sunday, August 22, 2021

Are Zillow Mortgage Estimates Accurate

Zillow has 102 homes for sale in Kilgore TX. Zillow claims its estimates have an error of not greater than 79 on any home.

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This is just a generic calculator Zillow does not know what the terms of the loan were or whatever payments have or have not been made.

Are zillow mortgage estimates accurate. It might give you a decent ballpark depending on your loan and LTV but people dont use calculators to get rough estimates. Absolutely if you make use of Zillow Zestimates or Redfin Estimates. Which is more accurate Redfin or Zillow.

As real estate agents we are often asked How Accurate are Zillow Zestimates Zillow actually provides data for most real estate markets about the accuracy of Zestimates. Zillow never claims to be 100 accurate. Is a Zillow Zestimate High or Low.

Each company has an estimate of their own accuracy. Use Zillows home loan calculator to quickly estimate your total mortgage payment including principal and interest plus estimates for PMI property taxes home insurance and HOA fees. View listing photos review sales history and use our detailed real estate filters to find the perfect place.

Neither Zillows nor Trulias monthly payment estimates are likely to reflect what you will actually end up paying. A Zillow Zestimate can be accurate but then again it can also be inaccurate. It is as accurate as most of the information on Zillow which means it is not.

If all the homes within a six-block radius are very similar to each other a Zillow estimate will be much more accurate perhaps within 10 because there are not enough specific variances to throw it off. How Accurate Are Zillows Estimates After Updating the Platform. As others have said there are additional costs associated with home ownership.

Home buyers and sellers could then get an immediate intuitive feel for how accurate an individual home value estimate is by how far apart X and Y. Zillow also publishes a list of how its Zestimates compare to actual sales prices based on county state and metropolitan areas for both on-market and off-market for sale by owner sales. Homeowners insurance is also ignored here which is mandatory for all mortgagors so the chances of this calculator being accurate are slim to none.

As of the date of this article the median error for larger markets is usually around 2 of. Given that they dont break out their error rate per on- and off-market properties an overall 4 rate on 110 million homes could very well put them in the lead. Zestimate Accuracy.

According to Zillow most Zestimates are within 10 percent of the selling price of the home 4 But Zestimates are only as accurate as the data behind them so. The Zestimates accuracy depends on location and the availability of data in an area. Zillow Trulia and Redfin have all had their issues in providing accurate price data and it runs much deeper than simply not being able to do a quick algorithmic calculation of comparables.

However Zillow is only within 5. Only an appraisal from a licensed appraiser can be used for a mortgage. Zillow claims its estimates have an error of not greater than 79 on any home.

If they dont produce value estimates you can rely on within their published. Enter the price of a home and down payment amount to calculate your estimated mortgage payment with an itemized breakdown and schedule. The more data available the more accurate the Zestimate value will be.

However they recently dropped a bombshell claiming their median error rate will be dropping to 4 or below very soon. Zillow Mortgage Calculator Includes Everything Look at the difference. Zillows Accuracy Right on Zillows website they state the accuracy rates.

Redfin claims their estimates for active homes on the market have a current median error rate of just 177 and off-market homes are within 664. Mar 03 2021 Oct 08 2020 by Liz Brumer Automated. To get an accurate assessment you will need to consult with a real estate agent a mortgage lender and an insurance agent.

Some areas have more detailed home information available such as square footage and number of bedrooms or bathrooms and other areas do not. The median error floats around 2 for most markets and in most cases Zillow was within at least 20 of the actual sales price of the home. Using the Zillow calculator with the additional adjustments gave me an estimate that was within 20 of the final monthly payment so I would definitely call that accurate.

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Thursday, April 29, 2021

Are Zillow Rental Estimates Accurate

According to the site Zestimates are based on a proprietary algorithm that incorporates public records and user-submitted data. When valuing real estate you need to have real people valuing homes in order to be accurate.

What Is The Rent Zestimate Zillow Rental Manager

The site displays a range of possible high and low values when you click on a particular home.

Are zillow rental estimates accurate. Absolutely if you make use of Zillow Zestimates or Redfin Estimates. Thats about half the asking price of. If they dont produce value estimates you can rely on within their published.

However the risk of getting an misguided home value is real. Zillow offers what it calls Zestimates which are estimates of home values based on publicly available information. A Rent Zestimate is Zillows estimated monthly rental price computed using a proprietary formula.

According to Zillows site most Zestimates are within 10 percent of the selling price of the property. Some counties provide all the data we could hope for but others are lacking such key things as the number of bedrooms and bathrooms or in some cases the square footage of the home. Both platforms are relatively accurate but as with most things the more information you have the better.

Redfins accuracy is based on an algorithm that takes into account hundreds of data points. When I look at my properties Zillow comes pretty close to values on some and on others they are way off. Zillows accuracy is dependent on many factors including the data the system has on any given property.

Each company has an estimate of their own accuracy. The Rent Zestimate for 432 W Huron St a newly-built 7000 square foot 4-bedroom 4 ½ bath single-family home in River North is 3552 a month. How Accurate Are Zillows Estimates After Updating the Platform.

The more data we have the more. Most renters 84 search online when looking for a home so its important to maximize your listings exposure across multiple brands. It is a starting point for determining the monthly rental price for a specific property.

Zillow also uses a star rating system to show users how confident it is about Zestimates overall in various metropolitan areas. Zillow estimates have some value in giving you a very ballpark estimate. Even with all of the data according to Investopedia Zillows Zestimates arent that accurate.

Always let an appraiser or a real estate agent who knows the local market assist you in determining the value of your home before you buy or sell. Investopedia says the database of property information is updated three. But Zestimates are only as accurate as the data behind them so if the number of bedrooms or bathrooms in a home its square footage or its lot size are inaccurate on Zillow the Zestimate.

Zillow is forthcoming about how accurate its estimates are. Redfin claims their estimates for active homes on the market have a current median error rate of just 177 and off-market homes are within 664. Number of bedrooms square footage lot size etc.

5 Factors to Investigate BEFORE You Buy That Property You Found on Zillow. Today they can be useful but they should still only be used as a starting point. The problem with the Zestimate is it uses a computer algorithm to come up with a value.

A Zillow Zestimate can be accurate but then again it can also be inaccurate. Which is more accurate Redfin or Zillow. Ten years ago online tools like Zestimates were very inaccurate.

31 rows Data Coverage and Rent Zestimate. However a Zillow home value is not an appraisal and may not take into account all the data necessary to make it as accurate as possible. According to Zillow.

With Zillow Rental Manager you can advertise your rental listings across three of the top five rental networks Zillow Trulia and HotPads exposing your rental listing to over 34 million monthly users. Zillow also publishes a list of how its Zestimates compare to actual sales prices based on county state and metropolitan areas for both on-market and off-market for sale by owner sales. Zillow publishes the accuracy of their Zestimates so lets use their median errors data to turn their Zestimates into estimated sales price ranges for individual homes.

Zillow claims its estimates have an error of not greater than 79 on any home. While it is true that incorrect user-submitted data Zillow that relies on can be corrected the results are not immediate and in other instances dont occur at all. Zestimates can only function properly if the data supporting them is accurate ie.

Mar 03 2021 Oct 08 2020 by Liz Brumer. The home data we have compiled to generate a Rent Zestimate estimated monthly rental price varies by location. Zillow has an algorithm that updates its property values from public data and user-submitted data.

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Saturday, November 7, 2020

How Accurate Is Zillow Property Values

Inaccurate Basic Information. They also indicate on their site that their Zestimates are within 20 of the sales price 869 of the time.

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Zillow can be a great place to start when trying to determine an overall average for home values in a particular area.

How accurate is zillow property values. Information about brokerage services Consumer protection notice California DRE 1522444. Zillow is a good entertainment tool and may be able to tell you what homes in the neighborhood sold for but as far as the value of your home it is doubtful that it is correct. According to Zillows website the median error rate of a Zestimate is 43.

The bottom line is that sometimes Zillow is accurate sometimes Trulia is accurate and sometime both of them are way off. Top Uses for Zillow as Real Estate Investor. Information about brokerage services Consumer protection notice California DRE 1522444.

But the overwhelming majority of homes in Zillows 110 million property database are off-market which are more challenging to value because theres usually less detailed information available. The Zillow Home Value Forecast is Zillows prediction of what the Zillow Home Value Index will be one year from now. Final Thoughts on Zillow Home Values.

Of course the Zillow Home Value Forecast is just a prediction as we dont actually know what will happen in the year. Holds real estate brokerage licenses in multiple provinces. Holds real estate brokerage licenses in multiple provinces.

Zillow uses complicated algorithms to calculate home values called Zestimates. While Zillow doesnt provide accurate individual home values. Automated valuations and online estimates are becoming an.

Thats not terrible but if your home is part of the 18 an error or more than 5 can be significant. There have been several studies done that demonstrate that its possible Zillow can be accurate within 80-90 of the value of a home. To be fair even Zillow and Redfin say that their home estimates are a starting point in determining value and not an official appraisal or replacement for a professional.

The easiest way to get an accurate value on a home is to ask a local real estate agent to complete a CMA for you which should cost you nothing. Holds real estate brokerage licenses in multiple states. A Zillow Zestimate can be accurate but then again it can also be inaccurate.

For homes on the market in Buncombe County Zillow only comes with 5 of sale price 82 of the time. A list of our real estate licenses is available here. This means that its estimates can be a good starting point.

Most real estate professionals do not adhere to one website or the other since the value estimator is something that professionals do not find an accurate gauge of value. Holds real estate brokerage licenses in multiple states. According to the site Zestimates are based on a proprietary algorithm that incorporates public records and user-submitted data.

Zillow does a great job integrating all of their property information into their Zillow home value map. Its important to note that Zillows data is markedly better. However a Zillow home value is not an appraisal and may not take into account all the data necessary to make it as accurate as possible.

Essentially it extends the Zillow Home Value Index one year into the future. Each company has an estimate of their own accuracy. Zillow claims its estimates have an error of not greater than 79 on any home.

These values are terribly inaccurate. Mar 03 2021 Oct 08 2020 by Liz Brumer. Lonnie Heward President of Accurate Appraisal USA explains the differences between Zillows reporting and a.

Sometimes they are high or low by as much as 10-20 off. However you should NEVER think that a Zillow home value is what your property is worth. As you can see from the above values many Zillow estimates are pretty close but some are off by over 40 percent.

Redfin claims their estimates for active homes on the market have a current median error rate of just 177 and off-market homes are within 664. Zillows unique algorithms update its collection of property values three times a week based on information from both public data and user-submitted data. What this means is that Zillows estimate is within 43 of the home value about half the time.

Technology still has not advanced to the point where an online appraisal can accurately report the estimated value of a home. ALWAYS rely on your REALTORs market analysis to determine a homes value. Zillow is probably the most well known for doing this with their prominently displayed Zestimates of home values but other real estate websites do it as well.

A list of our real estate licenses is available here.

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