I’ve written this for years. And Jay at Zillow has written it in a way that hopefully now consumers will lend credence to my words: (bolding mine)
But (a Zestimate is) not accurate enough to determine what price to set for a home about to go on the market, or what price to offer on a home. The Zestimate isn’t intended to be used like that.
One day though, Zillow might be right(er).
Zillow is awfully popular though.
So, thanks Jay for the post. 🙂
(Visited 227 times, 1 visits today)
Really true! There are many things to consider when looking for the market value of a house! The evaluation is just one of them! Great post.
Wow, finally the site administrators are stating for the record that this is a “guestimate” of property value. So many consumers are taking that figure as gospel – right up their with a professional property appraisal. The real question is whether site visitors will listen to this “revelation of truth.”
Pingback: 2015 Assessed Values in Crozet - RealCrozetVA