So many of my clients have used the words “Zillow said…” and have often received the unpleasant news that a) the home they saw was sold a year ago, b) I’m sorry, but in this market, you cannot realistically expect to get that price for your home, or even c) your home is worth more than that.
I am so happy to see that I am not alone. What is very unfortunate is that Zillow has spent a lot of money, and even appears at REALTOR® conferences throughout the country. The site looks good and professional–but listen, people…it is not reliable. There is no mathematical algorithm that can substitute for the opinion of a conscientious, ethical, and experienced REALTOR®. My hope in this ranting and raving post is to help you when making a decision for yourself or helping a friend/ family member in making a critical decision for themselves. Please have them call me. Consultations are free, but you can be sure that I will do the best I can.
For all of my contacts, I am quick to say that nothing I say in should be construed to be legal or tax advice or opinion…but I promise to give my best advice.
Saw this in a great post this morning and wanted to share: “Zillow uses statistics which can skew the results. They can be either too high or too low. They also don’t take into account the direction the market is trending….are we going up or down in value?, what the average number of days on the market is, etc.” (http://www.trulia.com/voices/Using_Trulia/Does_this_site_give_valuation_information_on_my_ho-278640-p_1-recent?answerId=1026488&thisanswer=1#left_content)
If you need or want an accurate comparable market analysis, please send me a private email. I only need the address. Then you can see all the comparables which are on the market now as well as the recent sales…and get a better picture than a Zillow can give you. I’ll also give you my opinion of the market….I live and work in the Southern California area and am very familar with our local real estate market.
Please have a blessed day! It’s looking a lot like Spring/Summer in the neighborhood!!!