With internet becoming more and more prevalent in how the
general public makes decisions about where to eat, find travel deals etc., it’s
no surprise that nearly 80% of those in the market for a new home turn to, you
guessed it, the internet to get a gauge for their individual homes value. It is
very important however that you understand that the ‘Zestimates’ are often
inaccurate.
It is also important to note that this is NOT intended to be
negative about what services Zillow provides.
In fact part of our marketing includes posting our client’s homes on
websites such as Zillow and Trulia.
The Take – away: Be careful when making financial
decisions based on what websites say your property is worth. Much data is based on averages, and if there
are lower priced properties in the same Zip Code, then that could cause an
inaccurate assessment of your properties value.
We hope that this information is helpful and please let us
know if you have any other questions about the current market we are in.
