Do you want content like this delivered to your inbox?
Share
Share

Why Trusting Zestimates Could Cost You Thousands!

Charles King

Charlie's real estate career began in 2012 as a rental agent in Boston. After one year of working in the business, Charlie jumped into sales...

Charlie's real estate career began in 2012 as a rental agent in Boston. After one year of working in the business, Charlie jumped into sales...

Jul 18 2 minutes read
STOP RELYING ON ZESTIMATES, THEY’RE WRONG! 😑Here’s a recent, local example of why you can’t rely on Zestimates when determining your real estate strategy to price your home.



Local Case Study: 46 Longwood Rd, Weymouth

📅 March 20th: When we knew 46 Longwood Rd in Weymouth was going to be listed, I took a screenshot to test the accuracy of the ever so loved Zestimate tool. Zillow estimated the property’s market value was $623,000.




📅 April 10th: We set the asking price at $675,000 based on thorough market analysis and our understanding of the local market.🏡 Here’s what happened:
  • Zillow then jumped their Zestimate up to $744,000 after seeing our listing price.
  • The property closed at $735,000 on July 16th.




Key Takeaway:

Zillow’s algorithm doesn’t take into account unique features of each home, local market conditions, or the expert insights that real estate professionals bring to the table.

If you’re thinking about buying or selling, don’t trust an online estimate.
Reach out to a local real estate professional who knows your market inside and out.

Don’t be surprised by these discrepancies.

Let’s chat about how we can get you the most accurate home valuation and the best deal possible.
Contact Us Today!
We use cookies to enhance your browsing experience and deliver our services. By continuing to visit this site, you agree to our use of cookies. More info