In a previous blog post we shared ways in which Zillow home value estimates missed the mark. To recap:
- They use data from past sales, without taking into account current market conditions.
- They don’t consider your home’s unique features.
- They don’t consider your neighborhoods location and available amenities.
Would you like to know how this plays out in real life?
On a recent listing, before we hit the market we took the above screenshot of the home’s Zestimate: $1,431,900.
We then listed the home, received an offer in two days and helped the sellers successfully sell it for $1,465,000, which is $33,100 more than the Zestimate.
How?
- We looked at current market conditions, including current neighborhood listings, interest rates and market activity.
- We took into account all that the beautiful home had to offer: neighborhood, lot size & location, updates, upgrades and condition.
- We understood the value the neighborhood offers.
- We helped our clients prep their home to be market ready and make a fantastic first impression.
Had the seller relied on the Zestimate and attempted to sell on their own, they would have been on the market for longer and left money on the table.
Who you work with matters. When you are considering selling what may be your largest asset, you want to be sure to have accurate information upon which to base your decision. Reach out to us to schedule a no obligation consultation with us.
Warmly,
Lauren & Cambron | Lauren Zurilla & Associates