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Today I wanted to answer a question that I’ve been getting a lot lately about Zillow. People want to know how accurate Zillow’s automatic Zestimates are, and if they are useful when buying or selling in DFW.
In short, Zestimates are not accurate, nor are they what we could call “Market worthy.” Here are three reasons why:
1. They don’t take into account any improvements or renovations you have done on the inside of your home when determining your home’s value.
2. They use stale numbers and aren’t in tune with our local market, which changes every day.
3. They readily admit their numbers are off by an average of 7%. This could mean thousands of dollars out of your pocket if you choose to take your Zestimate to heart.
Each home is unique, and the only way to get the true value your home deserves is by working with a trusted real estate professional. If you’d like to get the most accurate home valuation, we know this market and would love to help. Give us a call or send us an email, we would love to speak with you!
