Proof Why You Shouldn't Trust Zillow Zestimates!

Posted by HomesATX Realtors on Friday, April 29th, 2016 at 12:03pm.

We consistently run come across people looking to sell their home and they either want to try and do it themselves - "For Sale by Owner", or they are referencing numbers they have seen on Zillow.  Zillow is a system that is based on fragmented information - one that relies on self reporting and tax records.  It's awful - at best, especially considering the level of investment in home ownership.

Here is an example.  We sold this house 3 years ago for $340k.  It currently comps out at close to $400k based - on recent sales data.  Zillow is estimating it at $322k based on their latest push notification.  So if the current owner went off of this information, and tried to sell it on their own they could be missing out on $80k.  This is not an isolated case - I've seen this more often than not when referencing Zillow.

If you are interested in your true home's value - please contact us and leave your phone number and address and we will text you a range within 48 hrs.  If you then want to sell your home - we are here if you need us.

 

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