Can I trust Zillow estimates?

Can I rely on a computer to calculate the sales price of my property in Page County?

Zillow is a billion-dollar website that "gives" automated estimates which purport to figure the sales value of each and every residence in the United States. Zillow tries to achieve this this task by using a fancy logarithm which crossreferences factors which impact home values, but here's a typical 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 search the Internet for the phrase "Can I trust Zillow?" or "Can I trust Z-Estimates" you'll discover countless testimonials by upset homeowners and leery home shoppers who have discovered the hard way just out inaccurate Zillow's pricing can be. Many people in Page County 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 sales 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 still remains popular with some real estate shoppers. Home sellers and real estate shoppers should understand that there is not a single community in Page County where either a mortgage lender or tax collector uses Internet for tax assessment or appraisals. Our expert advice is to take estimates from any website with a grain of salt. Putting too much trust into a computer can cause a lot of unnecessary anxiety.

Get in touch with us today for a free comparative market analysis of your property's worth. We promise that a website won't set the sales value. Rather, your friendly neighborhood Nesbitt Realty expert will take into account the unique variables which make up your home'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 Page County & surrounds

We love what we do.

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 at the Top of the Market in Page County

 

Recently Sold In the Middle of the Market in Page County

 

Recently Sold From The Less Expensive Segment of the Market in Page County