Does Zillow’s Zestimate accurately portray the value of your home? Find out today.
How does Zillow come up with their Zestimates?
They use a computer algorithm that gathers public data about the home sales that took place in your neighborhood within a certain period of time. Using this data and basic information about your home, they generate an estimation of your home’s value.
What Zillow doesn’t do, however, is personally come out to view your home. They have no way of knowing whether you’ve made any improvements to the property, like a new kitchen or new floors. They also don’t know if your neighbor’s home is in ill-repair, or what condition your property is currently in. All these points do factor into your home’s actual market value.
Here at the Mark Ramey Group, we can provide you with an accurate comparative market analysis based on the information you provided us about your home in its current condition—this is a true representation of your home’s market value.
“They have no way of knowing whether you’ve made any improvements to the property, like a new kitchen or new floors.”
If you have any questions about your home’s value or anything related to real estate at all, feel free to reach out to us. We’d love the privilege of being your real estate resource.