Can I trust Zillow to calculate the market value of my home in Arlington?
Zillow is a popular website that provides computerized estimates that claim to calculate the value of each property in the United States. Zillow tries to reach this goal this task by using a fancy program which compares factors which alter home values, but here's a story I have heard from property 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 discover 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 Arlington report 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 unlikley 5% that means that a z-estimate is only within $25,000 of the asking price.
Yet Zillow (for now) remains popular with some people. Real estate sellers and property purchasers should understand that there is not a single community in Arlington where either a bank or tax collector uses Zillow for tax assessment or appraisals. Our professional advice is to take "valuations" from any online site with a grain of salt. Putting too much stock into a website can cause a great deal of confusion.
Get in touch with one of our agents today for a free comparative market analysis of your property's worth. We promise that a computer won't set the ideal price. Rather, your friendly neighborhood Nesbitt Realty real estate agent will account for the complicated variables which make up your home'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 useful reference for property owners that are thinking of selling real estate in Arlington
- Agents of Nesbitt Realty
- Awards, recognitions and affiliations
- Can I trust Zillow?
- Get a free price analysis!
- Guide to Arlington
- How does Nesbitt Realty market real estate in Arlington?
- Selling Tips and Resources
- We'll Match or Beat Any Commission Structure in Arlington.
- 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?
Nesbitt Realty provides award-winning property management services.
Learn more about how we can help you achieve your real estate goals.
We help sellers in Arlington & surrounds
Nesbitt Realty is a mom-and-pop real estate shop!
Premium Properties Recently Sold in Arlington
See more in Focus
Typical Homes that Recently Sold in Arlington
See more in Focus