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Zillow.com keeps lowering the value of my house.I don't believe it is very accurate. I want to know

  • November 04 2012 - Lake Worth
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Answers (3)

Zillow's "zestimates" are a great tool but they are at best a very rough estimate. If you want a true estimate of your home's value, it is best to speak with a human being. Most agents are more than happy to whip up a CMA (comparative market analysis). We can more accurately gauge a home's value. Also know that home pricing is not an exact science. Some homes sell for more than market value depending on the circumstances in the sale. Some homes sell for less than market value as well. A good agent should give you a range of prices and let you, the seller, decide what price to set for home. What if you have a mortgage that exceeds the fair market value of your home? What if you have a specific margin of profit you must have in order to purchase your next home and that is not possible unless you get more than fair market value? These would be questions to ask yourself when considering a list price on the high end of your fair market range of value. Hope that your local agents find a buyer who will adore your home and is willing to pay what you need for your home. On the flip side, maybe you need to sell quickly. What if you're moving out of state or you've got an accepted offer contingent on the sale of your home? These would be questions to ask yourself when you might consider listing your home on the low end of the fair market range of value.

Pricing is a tricky question and that is all the more reason you should seek help from your friendly neighborhood real estate agent.

  • January 20 2013
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I would be happy to do a more thorough and accurate comparative market analysis of your home.  My expertise is in Lake Worth, FL.  Please feel free to take a look at my website[deleted by Zillow moderator. Please see our Good Neighbor Policy for posting guidelines]
You can go to the seller tab and enter your information and I will contact you back to set up an appointment.

thanks,

Jeff Tricoli
  • January 17 2013
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Contact a local Realtor in your area, so he/she can give you a FREE CMA (comparative market analysis) so you have a better idea as to the 'real' value of your home.

Best wishes from So-Cal and good luck
  • November 04 2012
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