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How accurate are Zestimates?
Are Zestimates accurate? Or is my Redfin estimate accurate? They're about the same number. I'm thinking of selling and wondering if these numbers are what I can expect.
Asked By Michael | Scottsdale, AZ | 294 views | Selling | 10 months ago
Answer(3)
Joanne Patience
Iron Valley Real Estate North Florida
Zestimates and automated valuations are a guide to what a home might be valued. These are computer generated analysis that do not take into account what is actually happening in the community, has there been updates/upgrades to the home, the location, local economic impact, demand, and much much more. Your local Realtor will help you determine a value range to get your home sold.
- 10 months ago
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Those are not typically the most accurate. That is why it is so important to partner with an agent for guidance.
- 10 months ago
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Jennifer Riley
Smecko Realty
A zestimate could very well be close to your estimated value. However, home value estimations made by any automated national site is based on data being used across the country and is not necessarily relevant to your local market. I would highly recommend finding a local agent to do a home value report based on the local market where the home is in order to determine a more accurate value estimation. At the end of the day market value is ultimately determined by, what the consumer is willing to pay for the home. This varies drastically from place to place.
- 10 months ago
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