Understand that Zillow is the one of the most visited real estate sites in the country to determine a property’s value by both sellers and buyers. Zillow uses data from recent sales along with their own algorithm or formula to determine a price to put on their website, for your property. Sometimes it can be high, low or even very accurate. It’s more accurate if you home is NOT a custom home, and there are other properties nearby that have a similar make, floor plan and upgrades. Track homes are a good example of this. If a builder created a track of homes all around your area, then chances are good, that Zillow can be somewhat reflective of your current value.
The most important thing about Zillow however is a buyer’s perception of your home. Because buyers, or the market is actually what dictates the value of your home and what it will sell for. Not a real estate agent, not an appraiser, and not even you as the seller. Buyers determine the value, so if they are using Zillow as a tool in their opinion it is important to understand that, and you will need an agent with great marketing to convince a buyer or an appraiser of any variance from that.
Currently I am selling properties for OVER the current Zillow value in a matter of days. In some cases 50K to 100K over the Zillow value.
So if you want to hire an agent with a track record of beating the Zillow values, please give me a call or learn more about me on my website www.BrokerKurt.com
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