Online Home Evaluation Sites like Zillow, can have your home value wrong

There are many Tampa Bay area homes for sale. Click here to perform a full home search, or if you're thinking of selling your home, click here to learn about our “Your Home Sold Guaranteed in 29 Days” program or for a free property valuation so you know what your home can sell for in today’s market. You may also call me at (813) 359-8990 for a FREE home buying or selling consultation to answer any of your real estate questions.

Andrew Duncan, Tampa Bay's #1 Realtor and expert talks with Arnie and David Diaz of Waterstone Mortgage about online home evaluation sites like Zillow and that a lot of consumers use it to check their home value may not be entirely accurate. While they may be accurate for some parts of Tampa Bay, there are also parts that they are not. It is not really good to rely on the values that they give on these sites.

Zillow can be a great tool and can give you a gauge or a ball park figure of how much your home is worth, But it is not able to take into account the specifics of your home like upgrades, condition and the like. It can give you a general idea of the neighborhood in most cases but like in South Tampa that has so many different kinds of sized homes the values will not be as accurate.

Andrew thinks that they are really good at analyzing the data of appreciation and home values in a given neighborhood but per specific home is where they lack a little bit.

Zillow is a good tool to look at properties. Andrew even shared that they do a lot of advertising on it because of the amount of traffic they get.

If you're in a cookie cutter or newer neighborhood where more or less the houses are the same, the Zestimate would be close within 5% points because again, it's not able to take into account the upgrades, features like a pool, it doesn't know if you're on a busy road, the condition of the home, and other factors.

To get more Tampa Bay Real Estate news and advice from Tampa Bay's #1 Realtor, tune in to The Duncan Duo Real Estate Show on 970 WFLA - Tampa Bay every Sundays at 10 am.

No comments :

Post a Comment

Note: Only a member of this blog may post a comment.