Can I trust some Internet company to appraise the market value of my home in Arlington?
Zillow is a billion-dollar website that "gives" automated estimates which purport to figure the ideal price of every home in the United States. Zillow tries to accomplish this feat by using a fancy program that compares factors which alter real estate values, but here's a typical story I have heard from home 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 Google the Internet for the phrase "Can I trust Zillow?" or "Can I trust Z-Estimates" you'll discover many posts by upset homeowners and skeptical home purchasers who have discovered the hard way just out inaccurate Zillow's pricing can be. Many people in Arlington say that Zillow's valuations have a margin of error of around 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 ideal price. 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 still remains popular with some buyers and sellers. Property owners and property shoppers 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 trust into a computer can cause a lot of confusion.
Connect with one of our agents today for a free comparative market analysis of your property's market value. We promise that a computer won't set the market value. Rather, your friendly neighborhood Nesbitt Realty Realtor will take into account the unique 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 archive for property owners that are looking at 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?
Read more on how we stack up to the competition
Is it time to sell?
Call (703)765-0300 to talk with an agent.
We help sellers in Arlington & surrounds
To find your perfect property, don't hesitate to contact Nesbitt Realty.
The Pricier Side of What Has Recently Sold in Arlington
See more in Focus
Recently Sold In the Middle of the Market in Arlington
See more in Focus