Obviously a website company from Seattle has never previewed your home and lacks critical information about any updates, community features, or unique variables locally that could affect the value of your home. Here is the flipside of looking up your own Zestimate: Potential buyers will do it too.
On Zillow’s website they make the following statement:
The Zestimate is calculated from public and user submitted data; your real estate agent or appraiser physically inspects the home and takes special features, location, and market conditions into account. We encourage buyers, sellers, and homeowners to supplement Zillow’s information by doing other research such as:
• Getting a comparative market analysis (CMA) from a real estate agent
• Getting an appraisal from a professional appraiser
• Visiting the house (whenever possible)
For more information about the facts regarding Zestimates, check out:
Specifically for the Baltimore area, Zillow estimates that it ends up within 20% of the sales price of a home 84.7% of the time. What is 20% of your home’s value? Yeah, it is that kind of ridiculous.
My personal residence Zestimate displayed the exact price that we paid for the home. This may be in the ballpark but just like my clients I dug into the stats and found a grossly erroneous description of my home. That’s OK, I know a really nice real estate agent that is a local expert!!!!
If you want a free and much more accurate market evaluation of your home, call me at 443-691-0838 or email at email@example.com.