Why Should You Take Zillow's Home Evaluations with a Grain of Salt?
More and more people head online to find real estate information nowadays. Zillow is by far the most popular - but is it accurate? Can Zillow really put an accurate value on your Phoenix home?
The short answer to those questions is no. Zillow pools a lot of data from different sources and comes up with a very good ballpark number of your home's value. However, there are many factors Zillow can't take into account, such as neighborhood details and any updates you have made to your home.
"Zillow is a good resource, just not for finding your home's value."
Zillow readily admits that it is often off by 5%-15%. If you have a $300,000 home, they could overprice or underprice your home by as much as $45,000! That's why it is absolutely essential to have a real estate professional assess your home. They will note the differences between your home and other homes that are selling in your neighborhood, and will account for other details that Zillow has no way of accounting for.
If you have questions about the home valuation process, don't hesitate to reach out to me. I would love to help you get top dollar for you home!