Are Your Zillow Zestimates Correct?Posted by Louise Scoggins on Wednesday, December 26th, 2012 at 3:17pm.
There are many prospective buyers who have made the decision to turn to the internet in order to find their new home. There are a number of different Woodstock GA homes for sale in the area, so using the web to start narrowing your options is always a smart choice. Among the different real estate sites available right now, there are very few that are as popular as Zillow. Many are turning to this site not only to see their different Woodstock real estate options but to use the website’s Zillow Zestimate tool.
With this Zestimate tool you are able to get an idea of the estimated “value” of a home you are looking at. However, many are starting to see that the price of the Woodstock homes for sale they are browsing and this Zillow Zestimate are extremely different in terms of price. This begs the question for many of ‘how accurate are these Zillow Zestimates.
The thing that home browsers will need to keep in mind when it comes to these Zestimates, is that they are good guidelines for home pricing but should never be used as permanent tools for determining price. You never want to base your entire offer based on the number you see on Zillow. If you are looking to put an offer in on a home and put one in that is tens of thousands of dollars less, because thats what the Zillow estimate is; you may end up insulting the seller and ruining the deal. There are many things that go into home estimates that the Zillow website simply cannot determine these estimate are also general and are computer estimated.
Instead, you always need to have a comprehensive market analysis done by an actual real estate agent to get a better idea of the value of the home and a better idea of what you should be putting down for your offer.
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