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Today, we’ll talk about whether you should trust automated online home valuations, like the Zestimate on Zillow.
On a national level, Zillow’s valuations are off by an average of 5% to 15%, which isn’t bad. It’s not incredibly accurate, but it will give you a good idea of what you could sell for. However, their margin of error in Seattle is much greater. On their website, you can see that the Zestimates for Seattle have a margin of error of 22%!
On a national level, Zillow’s valuations are off by an average of 5% to 15%, which isn’t bad. It’s not incredibly accurate, but it will give you a good idea of what you could sell for. However, their margin of error in Seattle is much greater. On their website, you can see that the Zestimates for Seattle have a margin of error of 22%!
So the simple answer is no, you can’t trust Zillow to give you an accurate valuation. The reality is there are so many things a computer can’t take into account when determining an accurate value of your home. What you need to do is contact a real estate professional that’s been through homes and knows the local market.
If there is anything I can do to help you , don’t hesitate to give me a call or send me an email. We will never be off by 22%, and we would love to be your resource for accurate real estate information.
If there is anything I can do to help you , don’t hesitate to give me a call or send me an email. We will never be off by 22%, and we would love to be your resource for accurate real estate information.
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