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My Blog

Zillow

Real Esate Professionals provide the following advice on Zillow. 

People either swear by Zillow or swear at Zillow depending on how their house is valued.  Today, Zillow may be a blight on humanity.  Tomorrow it will be better, let us hope, but it may be useful to check Zillow to get an idea of value.

As most Realtors know, you have to look at Zillow with a studied eye and realize that there are some strange valuations.  If houses are standard as they are in many areas of California, you can get a better idea by looking at several nearby houses and averaging the value from that..  Also, if any house is listed in your area that might give you a better idea of nearby values, and you can do your own adjustments for upgrades and downgrades.  A listed value is not a complete guarantee of value, but it is better than a zestimate.

This is similar to median prices.  If higher-priced properties are selling this year and most sales last year were lower-priced units, the median price is artificially pushed higher.  Of course, we all love seeing these figures, because it says our price went up 20.9% in relation to last year.  Homeowners who have no math skills at all can complete that calculation in their head with no pencil, paper or calculator. 

Regards, 
Farah 
Realtor Intero Real Estate
Farah Homes Construction
510-676-4336

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