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As the Rochester market continues to heat up, many homeowners are going to Zillow to see how much their homes are worth. Are these online home value estimates accurate? Should you trust them?
In most cases, Zillow estimates are anywhere from 5%-15% off. They use a basic algorithm that uses similar home sales in your neighborhood to come up with a value. However, finding the true value of a home is not that simple.
The best way to find a home's value is to talk to an agent who will pull comparables and physically assess your home. There is no way for Zillow to account for all the things that give a home its value. Zillow is a great tool to get an idea of your home's value, but not to find an accurate home value.
If you would like to have an agent give you an in-depth market analysis, or if you need real estate assistance of any kind, give us a call or shoot us a quick email. We would love to help you in any way possible.
