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Answers (7)
- James Tobin, "jimtobin"
- Contributions:2
Zillow is not very accurate. Have 2 or 3 Local agents do a Market analysis on your property. Basically they will compare yours to similar SOLD properties in the last six months or so. Unfortunately, with all the Foreclosures occuring it is driving SOLD prices down which will likely lower your homes value. An appraiser can help to but those will cost money $300 - $600 and they can vary by $50,000 from one opinion to the next. Your best bet is a local Real Estate agent. Good Luck.
- Ryan Bergsma, "RyanBergsma"
- Contributions:73
Zillow is very upfront about thier accuracy or lack there of. just follow this link http://www.zillow.com/howto/DataCoverageZestimateAccuracy.htm
Zillow is not always accurate. Has the agent pulled comparables up and done the research to come to their conclusion? You could also try to get an appraisal or if you really don't believe the agent is right, you can ask another agent for their opinion.
- hpvanc
- Contributions:2570
Neither one are accurate. Remain objective, and do your own research. The market is volatile so only consider what has been sold in the last 6 months, and if that is only foreclosures and short sales, that is the market, you can only get a very limited premium above them.
- Get on MLS $69 ! www.mlsisland.com, "flat fee mls realtor"
- Contributions:32
It all depends on what is happening now. How much time you have and who your selling too. Zillow estimates are not accurate. I would look at what sold in the past 9 months and what is available.
Try not to be bias. Good Luck !
Paul Gioffre
Broker
mls without realtor
Try not to be bias. Good Luck !
Paul Gioffre
Broker
mls without realtor
- Alisa Hagner, "AlisaDenver"
- Contributions:381
Did the Realtor look at your house first and compare to others that have recently sold? Did they give you a written report including the comparable data?
Zillow is within 5% of the sold price 30% of the time.
If you think this Realtor may be off on the valuation, you can ask another to perform a written CMA for you after viewing your property.
Zillow is within 5% of the sold price 30% of the time.
If you think this Realtor may be off on the valuation, you can ask another to perform a written CMA for you after viewing your property.
- Abdullah Al-Mamoon, "youhomesold"
- Contributions:25
I've seen some estimates that are good and some 500-100K off. The realtor should be able to tell what sales data they're using to come up to that number.
Zillow uses some computerized metrics to give your home a value. It could be right or wrong.
Easiest way is to ask your realtor about which homes they are using to come to that price.
If you hate them both, then an appraisal is way to go.
Zillow uses some computerized metrics to give your home a value. It could be right or wrong.
Easiest way is to ask your realtor about which homes they are using to come to that price.
If you hate them both, then an appraisal is way to go.
How accurate is the Zillow estimate?
The latest Zillow estimate on my home is 856,000. I spoke with a realtor who told me she thought the top price for the home is 650,000. Do I listen to the realtor or does Zillow see something she does not?
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