Can I trust Zillow estimates?

Can I trust a computer to appraise the value of my real estate in Chain Bridge Forest?

Zillow is a billion-dollar Internet marketer that "gives" automated estimates that purport to calculate the market value of each residence in the United States. Zillow tries to accomplish this feat by using a sophisticated logarithm which crossreferences factors which alter property values, but here's a typical story I have heard from property sellers in Northern Virginia:

Is Zillow accurate?
Many consumers have serious doubts about the accuracy of Zillow home value estimates.

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 find countless posts by angry property owners and skeptical real estate purchasers who have discovered the hard way just out inaccurate Zillow's pricing can be. Many people in Chain Bridge Forest say that Zillow's valuations have a margin of error of about 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 impressive 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. Home sellers and home buyers should understand that there is not a single neighborhood in Chain Bridge Forest where either a mortgage lender or tax collector uses Zillow for tax assessment or appraisals. Our professional advice is to take estimates from any online site at arm’s length. Putting too much stock into a website can cause a great deal of disappointment.

Contact 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 value. Rather, your friendly neighborhood Nesbitt Realty Realtor will measure the many variables which make up your real estate's sales value.

Obtain a free & accurate assessment of your home's market value

by a local experienced professional!

7 Reasons Why Zillow Estimates Are Inaccurate

We help sellers in Chain Bridge Forest & surrounds

Why don't you find real estate using a local, small business that cares about your requirements?

Sales Process

Helpful information and commonly asked questions about selling your property in Northern Virginia.

Learn More

Our Agents

Learn more about our friendly neighborhood real estate agents!

Learn More

Why Nesbitt Realty?

Why choose Nesbitt Realty to sell your real estate in Northern Virginia?

Our Differentiators

What's my home worth?

Find out your home's value according to a full-time professional agent with no cost or obligation.

Get Your Free Estimate

Premium Properties Recently Sold in Chain Bridge Forest

 

Typical Homes that Recently Sold in Chain Bridge Forest

 

Recently Sold From The Less Expensive Segment of the Market in Chain Bridge Forest