Скачать или смотреть Zillow and the Zestimate? Three Things Ignored by Zillow in Its Home Valuation

How important is Zillow's Zestimate? I have three reasons Zillow might not have the right number in its Zestimate.

Zillow's Zestimate sparks much discussion among agents and homeowners alike, often cited in debates about a house's worth. So, what exactly is a Zestimate? It's an automated valuation by Zillow, estimating your house's worth based on various data, including tax records, market conditions, comparable sales, and neighborhood history. However, Zillow's algorithm has limitations, notably not accounting for a house's layout, yard, or condition—factors significantly impacting market value.

Zillow's estimate might not reflect the true value of homes with unique layouts, special yard features, or unaccounted-for updates. It offers a starting point, an "apples to apples" comparison, yet lacks the nuance of market value considerations.

Despite its limitations, the Zestimate serves as a useful tool for agents. It provides a preliminary value, helping gauge seller expectations. It's important to remember that real market value can significantly differ from Zillow's number due to specific conditions and updates.

If Zillow's Zestimate has you curious or concerned about your home's value, it's crucial to consult a real estate agent. They can provide a more accurate valuation, considering both appraised value and market dynamics.

Remember, Zestimates are a piece of the puzzle, not the whole picture. For the most accurate assessment, engage with a professional who understands the intricacies of the market. Don't miss out on more insights—like, subscribe, and comment on what you think about Zillow's Zestimate and your experiences.

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Chapters
00:00 Intro
00:20 What is a Zestimate
01:44 Three Things Zillow Does Not Take Into Account
02:52 Appraised Number
04:39 Summary

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Hey, Kati Spaniak here, I’m a top Chicago North Shore Real Estate Agent. Thanks for watching my channel your ultimate guide to selling and buying homes in the Chicagoland area. Specializing in the vibrant communities of Northbrook, Glenview, Northfield, Wilmette, Kenilworth, Winnetka, Glencoe, Highland Park, Lake Forest and Deerfield. I offer expert advice and insider tips to navigate the North Shore Chicago real estate market with ease.

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Kati Spaniak | Team Leader & Broker
Terra Lux Homes - eXp Realty
847-318-3431
https://www.TerraLuxHomes.com
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