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Why Can’t You Trust Zillow?
Manage episode 173552032 series 1080655
Innehåll tillhandahållet av Andrew Altman. Allt poddinnehåll inklusive avsnitt, grafik och podcastbeskrivningar laddas upp och tillhandahålls direkt av Andrew Altman eller deras podcastplattformspartner. Om du tror att någon använder ditt upphovsrättsskyddade verk utan din tillåtelse kan du följa processen som beskrivs här https://sv.player.fm/legal.
Zillow’s own CEO sold his home for 40% less than the Zestimate.
There are a variety of opportunities in the Phoenix Real Estate Market for both buyers and sellers. If you're a prospective buyer click here for a full home search, or if you're considering placing your home on the market, get a free home value report, right here.
Can you trust Zillow home valuations?
It’s very risky. All Zillow does is create an algorithm, which is a mathematical equation that is right sometimes and wrong many other times. When looking at different neighborhoods, the type of neighborhood you're in can go a long way in determining how close Zillow’s Zestimate will be.If you’re on an acre of land in a farm community, the Zestimate may not be as accurate as it would be if you were in a tract home community. Zillow can’t see the inside of your home. They don’t know about things like updates or whether the home was a distressed sale. There are simply too many factors that go into a home’s value, so you need to work with a trusted real estate advisor to get an accurate home valuation.
Zillow’s own CEO sold his home for 40% less than the Zestimate.
In fact, Zillow's CEO himself probably doesn’t trust their Zestimates. He recently sold his home for a staggering 40% less than what that Zestimate said it was worth!
If you have any questions about home values or you’d like a free, accurate valuation of your Phoenix home, give me a call or send me an email. I’d be happy to help.20 episoder
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