Why Can't You Trust Zillow When Searching for Your Home's Value

Want to sell your home? Get a FREE home value report
Want to buy a home? Search all homes for sale

 
More often than not, people check online home evaluation sites like Zillow before they meet with an agent. Today, we answer the questions we hear all the time: "How accurate are Zillow's Zestimates?" and, "Can they be trusted?" 

The short answer is they are not very accurate at all. In fact, in Atlanta, they're off by more than 35% on average. Also, 65% of their estimates are more than 5% off, which can be thousands of dollars in a transaction. 

Zestimate's are made using information from tax assessments, homes that are currently for sale, and homes that have sold recently. Things like square footage, land value, and home value are the major items that are compared to come up with a Zestimate. They don't take specific details about your home's location and upgrades into account. This means Zestimates are often thousands of dollars over or under the actual value of your home. 

At the end of the day, buyers and sellers are the ones who make the market value of a property. In order to get the accurate value, you need to have a real estate professional come and take a look at the home in person. 

If you want to find the true value of your home, or if you have real estate questions of any kind, give us a call or shoot us a quick email. I would love to hear from you!