Why Your Zillow Home Value Is Wrong!

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Why Your Zillow Home Value Is Wrong!
To zest or not to zest? We’ve all seen the Zillow estimate or zestimate of what our home is worth. So the real question is, is the juice worth the squeeze? Can you trust it?

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Hi, we’re John and Elizabeth Finley with the Finley Group. Hate to sound sour, but the answer is no. Let me explain why. Zestimates can be grossly inaccurate. It’s a unique algorithm based on public data. It’s never once stepped foot in your home, so it can’t account for any unique features or any upgrades you’ve made to your home.
For example, say you and your neighbor’s home are comparable in terms of square footage and age, but you recently upgraded your kitchen to make it a chef’s dream, but your neighbor is still rocking that 1980s kitchen. Well, Zillow’s zestimates for both your homes will likely be similar, because Zillow just doesn’t have that knowledge. But that doesn’t seem fair, right? Zillow even acknowledged its lack of accuracy, stating their zestimates are within 5% of the accurate value 50.2% of the time.
And that’s why if you’re wondering what your home is worth, it’s important to get a comparable market analysis, otherwise known as a CMA, done on your home. And that’s where we come in. If you’re wondering what your home is worth, click the link below to submit your request for a CMA. We just need your name and address, and we’ll have it ready for you in no time.
Again, we are Elizabeth and John Finley with the Finley Group. Building relationships one client at a time.
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Learn how to fine a better Zillow Home Value for your home. Here we review why your Zillow home value or Zestimate might be inaccurate. If you want to find out what my home value is worth or what your home value is then Zillow is not the best way to go. We take a more detailed approach which factors in any upgrades you have done, what your exact square footage is, if your kitchen is upgraded. This will give you an accurate comparative market analysis and tell you really what your home is worth.