Selling in Northern Virginia? Get a free home value report here
People have been asking me more and more questions about their Zillow Zestimate and what it means. They want to know what I think about it. Well, there was a recently article posted on inman.com that is quite telling. The article pointed out that when the Zillow CEO went to sell his home recently, it sold for 40% less than the home’s Zestimate. If the CEO’s value is off by that much, how much might yours be off by?
A Zestimate is an algorithm Zillow uses that is mainly based on tax records and past sales. It’s not very accurate, because they don’t know anything about your home’s upgrades, what your neighborhood is like, and the demand for homes in your area. There are a lot of different micro-markets in Northern Virginia. You need your valuation to be as accurate as possible.
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A Zestimate is just an algorithm.
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If you really want to know what your home is worth, we can come out to your property to do a no-cost, no-obligation home valuation. We’ll look at your upgrades as well as all the recent comps in the area so we can give you the most accurate home valuation possible.
