Can I trust Zillow estimates?

Can I rely on some Internet company to calculate the value of my real estate in Fairfax County?

Zillow is a billion-dollar Internet marketer that "gives" "z-estimates" that claim to calculate the ideal price of every home in the United States. Zillow tries to reach this goal this task by using a complicated program which compares factors which alter property values, but here's a story I have heard from real estate 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 research the web for the phrase "Can I trust Zillow?" or "Can I trust Z-Estimates" you'll discover countless complaints by angry homeowners and skeptical real estate purchasers who have discovered the hard way just out inaccurate Zillow's pricing can be. Many people in Fairfax County report that Zillow's estimates 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. Home sellers and home purchasers should understand that there is not a single community in Fairfax County where either a mortgage lender or tax collector uses Internet for tax assessment or appraisals. Our professional advice is to take estimates from any computer at arm’s length. Putting too much trust into a computer logarithm can cause a lot of irration.

Contact one of our local experts today for a free comparative market analysis of your property's worth. We promise that a website won't set the value. Rather, your friendly neighborhood Nesbitt Realty Realtor will account for the complicated variables which make up your real estate'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

We help sellers in Fairfax County & surrounds

To speak with a real estate professional who is concerned about your requirements, call us at (703) 765-0300.  

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

Recently Sold in Upper End of the Market in Fairfax County

 

Typical Homes that Recently Sold in Fairfax County

 

Recently Sold At the Less Expensive End of Today's Listings in Fairfax County