Can I rely on Zillow to figure out the market value of my home in Hollin Hall Village?
Zillow is a billion-dollar Internet marketer that provides computerized estimates which claim to figure the market value of every property in the United States. Zillow tries to achieve this this feat by using a complicated program that compares factors which alter home values, but here's a story I have heard from real estate sellers in Northern Virginia:
Our home was recently appraised for 650K. Zillow estimates the value at 521K. The estimate makes us one of the lowest priced homes in the subdivision. We have all upgrades in our home and it is the largest of the homes that were originally built in this subdivision. It was appraised at 750K before 2009. Our home has a basement. Neighbors do not have basement on one side and you appraised higher. Really? -- James E. - Fort Hunt
If you research the web for the phrase "Can I trust Zillow?" or "Can I trust Z-Estimates" you'll find countless complaints by angry property owners and leery property buyers who have discovered the hard way just out inaccurate Zillow's pricing can be. Many people in Hollin Hall Village say that Zillow's estimates have a margin of error of approximately 20%. Even if we assume the margin of error is only 10%, in Northern Virginia that means a "z-estimate" is only within $50,000 of the actual value. If the margin of error is an improbable 5% that means that a z-estimate is only within $25,000 of the asking price.
Yet Zillow (for now) remains popular with some buyers and sellers. Property owners and real estate shoppers should know that there is not a single neighborhood in Hollin Hall Village where either a bank or tax collector uses Internet for tax assessment or appraisals. Our professional advice is to take "valuations" from any computer with a grain of salt. Putting too much reliance into a computer logarithm can cause a great deal of disappointment.
Reach out to us today for a free comparative market analysis of your property's worth. We promise that a computer won't set the market value. Instead, your friendly neighborhood Nesbitt Realty Realtor will take into account the complicated variables which make up your property's value.
Obtain a free & accurate assessment of your home's market value
by a local experienced professional!
7 Reasons Why Zillow Estimates Are Inaccurate
Seller's Tips & Tools
a free reference for property owners that are thinking of selling real estate in Hollin Hall Village
- Agents of Nesbitt Realty
- Awards, recognitions and affiliations
- Can I trust Zillow?
- Get a free price analysis!
- Guide to Hollin Hall Village
- How does Nesbitt Realty market real estate in Hollin Hall Village?
- Selling Tips and Resources
- We'll Match or Beat Any Commission Structure in Hollin Hall Village.
- What is a listing agent?
- What's involved in the Sales Process?
- What's the difference between an agent and a broker?
- Where do we work?
- Why choose Nesbitt Realty?
Read more on how we stack up to the competition
We help sellers in Hollin Hall Village & surrounds
Contact us at (703)765-0300 to speak to a real estate agent that cares about your needs.
Sales Process
Helpful information and commonly asked questions about selling your property in Northern Virginia.
Our Agents
Learn more about our friendly neighborhood real estate agents!
Why Nesbitt Realty?
Why choose Nesbitt Realty to sell your real estate in Northern Virginia?
What's my home worth?
Find out your home's value according to a full-time professional agent with no cost or obligation.