Are Your Zillow Zestimates Correct?

Posted by Louise Scoggins on Wednesday, December 26th, 2012 at 3:17pm.

Woodstock GA Homes For Sale, Woodstock Real EstateThere 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.

About The Author
While I am not a native Georgian, I have lived in Atlanta since 1991. I was born and raised in Brisbane, Queensland, Australia, then relocated halfway across the world when my family decided to open a business here in the United States. I have lived in the Atlanta metro area since coming to the States and know the area like the back of my hand. I have been licensed and selling Real Estate for over 15 years, and absolutely love my job! I truly enjoy working with people in the quest to sell their current home or purchase the perfect new home they´ve been dreaming of. When I first started my Real Estate career, I worked with one of the highest-producing teams at the largest real estate office in the state of Georgia. While I worked there, I was mentored by an incredible team of successful agents on the "P´s and Q´s" of real estate. It was a wonderful learning experience for me, and ultimately helped me become the dedicated, understanding, and knowledgeable agent that I am today. 

Louise Scoggins
Metro House Hunters, Inc.
Atlanta Communities Real Estate Brokerage
Direct: 678-522-4035
www.ThinkLouise.com

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