Are the Zillow home values accurate in Tall Pines Ranch? To find the answer, follow along as we take a deep look at Zillow versus working with an expert realtor to value your home.
The Importance of Home Values
At Your Home Sold Guaranteed Realty - Barb Has the Buyers Team we understand the importance of getting you the most accurate home value when selling your home. We’ve helped many clients just like yourself find home values that they can rely on.
You may not be surprised to learn that having an accurate home value is very important when selling a home. What may be surprising is that there are several ways to value your home. However, not every method is created equal.
One of the biggest mistakes home sellers make when pricing their home is relying on the price they paid, or the property value, of the home at the time of purchase. Because home values can fluctuate, this is never a good idea. Leave your past home value where it belongs – in the past!
Getting Accurate Values
Instead you want up-to-date data and the most comprehensive methods to calculate your home value. The more accurate your home value is, the more accurate your home listing price will be. When you list your home on the MLS, it’s of vital importance that you have both a competitive and fair asking price. This is because if a price is too high it will scare off potential homebuyers, while a price that is too low will cause you to lose money on the sale.
For the most fair and competitive listing price, you should rely on a professional home valuation over every other method. At Your Home Sold Guaranteed Realty - Barb Has the Buyers Team we offer accurate home values you can rely on based on updated information not available through other valuation methods. After all, when your most valuable asset is on the table, you want the best information possible for the fastest and most profitable sale. Don’t just wonder “are home values accurate in Tall Pines Ranch?” You owe it to yourself to get an accurate home valuation from our experienced professionals!
Some home sellers, though, will rely on free online home valuation tools such as the Zillow Zestimate in order to get this number. Although this is a great place to start, Zillow should not be your final step in the valuation process, nor should you rely on its estimate to determine your listing price.
Are Zillow Home Values Accurate in Tall Pines Ranch?
On the Zillow website, you will find a handy tool that is an innovation of Zillow called the Zestimate. It is a proprietary tool that provides homeowners with a way to estimate the value of their homes. It mostly relies on publicly available and user-submitted data to make its value determinations. Although you could easily use the Zestimate to keep track of the estimated value of your home throughout the years, it is not at the same level as a professional home valuation.
Zillow Zestimates rely on past sales in Tall Pines Ranch (comparables) to determine the basic value of your home. Unfortunately, it does not take into consideration factors such as home improvements or upgrades that have been made, renovations or additions, neighborhood turnovers (high selling neighborhoods have more recent data to incorporate into the algorithm), or the conditions of the neighborhood itself. Therefore, the Zestimate can be wildly inaccurate.
In fact, Zillow’s FAQ page states that the “median error rate for on-market homes nationwide is 3.2%” and the error rate for off-market homes is 7.52%. These numbers can add up to significant losses, so it is always advisable to speak with an experienced and local realtor to determine the value of your home and a reasonable asking price.
How Does Zillow Determine Home Value?
In order to determine your home’s value, the Zillow algorithm takes all of the homes located within a certain zip code, bundles them together, and then averages them out given certain parameters such as single-family homes with approximately 2,000 square feet and 3 bedrooms. That average is the value the Zestimate gives for a home that meets those criteria. Zillow home values in Tall Pines Ranch do not factor in specifics for your individual home which could raise or lower the value.
Benefits for Home Sellers of Expert Home Valuations
When you work with an expert realtor who can give you a professional home valuation, you can rest assured knowing that the value estimate will be accurate. You can use it to determine the most reasonable and profitable asking price for your home, especially if the valuation is based on local knowledge of the current real estate market.
Our team at Your Home Sold Guaranteed Realty - Barb Has the Buyers Team can give you this valuation and help you use the information to determine the right asking price for your real estate listing. Using factors about your home that Zillow does not take into account is the way that our team can guarantee our valuations are more accurate than any other online home valuation tool. No matter what the current market looks like, we will make sure you are able to sell your home fast and for top dollar.
Our Realtors Can Get You Accurate Home Values
Have you and your family decided to sell your home and have been wondering “are Zillow home values accurate in Tall Pines Ranch?” If so, you have come to the right place. Our team of real estate professionals are here to give you the answers you need to any and all questions you may have. We will also ensure that you get the most accurate home valuation so that your real estate listing’s asking price is both reasonable and profitable.
To get more information about home valuations or to start your home selling journey, give us a call at 719-301-1802 or fill out the form below with the requested information to get a detailed response from one of our realtors. With our team on your side, we guarantee you have the best possible home selling experience by achieving your real estate goals.