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If you’re using a Zillow Zestimate to get an accurate home valuation, you may get a skewed result, which could then affect your home’s listing price. While Zillow has historically provided relatively accurate estimates based on the year the home was built, the number of bedrooms, square footage, and other quantitative data, they’ve recently changed their algorithm. Even when Zillow was fairly accurate, it still provided only an estimate as opposed to a true valuation done by an appraiser or Comparative Market Analysis. Here’s how to get an accurate home valuation and why relying on Zillow or similar sites is usually a bad idea. Outstanding client service, experienced business practices, and ingenious marketing strategies are what make our team the most trusted team in the area.Outstanding client service, experienced business practices, and ingenious marketing strategies is what makes our team the most trusted team in the area.

How much is your home worth?

  • Instant property valuation
  • Expert advice
  • Sell for more
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WHAT IS A HOME VALUATION?

A home valuation is just a fancy way of saying what the value of your home is. They are used during real estate transactions such as buy-sell or refinances to ensure homeowners or buyers are not overborrowing for a property. The home is used for collateral in a mortgage, and if the borrower defaults on his or her loan, the lender will sell the home to recoup the money lent to buy it. If the home was overvalued and they lent too much, they could lose money. The home valuation ensures they will be able to recoup costs should the mortgage not be paid in full.

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WHAT IS A ZILLOW ZESTIMATE?

A Zillow Zestimate is an automated home valuation tool and is recommended as a starting point when determining the value of your home. It incorporates user-submitted and public data and takes into account home facts, location, and market conditions. Zestimates are done entirely online, and no representative of Zillow will visit your home to perform an appraisal. Banks and lenders do not use Zillow or similar services to estimate property and instead rely on the expertise of a licensed appraiser. A Zestimate can be off by nearly 5% nearly 40% of the time in some markets, which amounts to around $15,000 on a $300,000 home.

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WHAT IS THE MAIN DIFFERENCE BETWEEN A ZILLOW ZESTIMATE AND A VALUATION PERFORMED BY AN AGENT?

The main difference between the two is that a Zillow Zestimate is simply an algorithm. You punch in data, and a value pops out. There is no actual human involved who views your home, compares it against others on the market, and produces a detailed report. When an agent conducts a valuation, they are actively involved in the process and create a valuation that is personalized and in-depth.

How much is your home worth?

  • Instant property valuation
  • Expert advice
  • Sell for more
Tyler & Shannon
Michael & Myrna R.
Galen D.
Chris S.
Claire K.
Angela G.
WHAT MY CLIENTS SAY

Andrea was very helpful through the whole process of purchasing our first home. She always responded within a matter of minutes to any questions we had and did everything she could to make sure we understood everything and made it as easy as possible. When we got the keys to our home she noticed that the previous owners left it really messy and she got the whole house cleaned for us! You rock Andrea!

— Tyler & Shannon

WHAT MY CLIENTS SAY

My wife and I have moved 6 times in the last 21 years. We’ve dealt with many Realtors® both on the buying and selling side. Moving cross country is not easy and we needed someone we could trust. Hands down Andrea by far is one of the best agents we’ve worked with, her professionalism, personality, attention to detail, responsiveness and her ability to close the deal was outstanding!! She is a skilled lis...

— Michael & Myrna R.

WHAT MY CLIENTS SAY

Andrea and her team were great, they stuck with us, helped us make reasonable and informed bids on houses and was actually the one who found the house we ended up buying. I would highly recommend Andrea, great service, very responsive and a pleasure to work with!

— Galen D.

WHAT MY CLIENTS SAY

Andrea and her team were incredible throughout the process of selling our home and looking for a new home. She was very knowledgeable of all the various ins and outs of the process and we ended up getting everything we wanted and more out of our home. The experience was a breeze and I highly recommend reaching out to her team if you are looking to buy or sell a home. You will be glad you did!

— Chris S.

WHAT MY CLIENTS SAY

Andrea was an absolute pleasure to work with – she was very accommodating to our needs and her knowledge and acumen during the negotiation process when purchasing our new home was incredibly valuable! I had heard good things about Andrea before working with her and I was not disappointed. 100% would recommend working with her when buying a new home in the area!

— Claire K.

WHAT MY CLIENTS SAY

Andrea really helped us through a long 9-month process of buying a new-construction home. She was always very responsive and helped interface with the builder when we had issues. We definitely felt more at ease with Andrea around!

— Angela G.

HOW IS A VALUATION PERFORMED?

There are two accurate ways to perform home valuations: with a Comparative Market Analysis and an appraisal. ​​​​​​​Here is how the two differ:

WHY IS A VALUATION IMPORTANT?

Though getting a valuation in order to sell your home is the most common reason to get a home valuation, it’s not the only one. ​​​​​​​Here are some more situations when a home valuation may be necessary: