Why can’t you trust Zillow’s Zestimates to give your home an accurate valuation?
Because Zestimates are often inaccurate and can cause tension between the buyer and the seller. Zillow’s own CEO stated that the Zestimate’s error rate is about 8%.
If you apply that 8% error rate to the average home value in Palm Beach County, it equates to $30,000 plus or minus. Zillow understands this inaccuracy, and they’re now offering $1 million to anyone who helps them create a more accurate algorithm to provide estimated values.
Don’t wait for this to happen to get an accurate valuation of your home or know what you should be paying for a home that’s on the market. Instead, call a real estate professional such as myself to help you.
If you’re interested in a free home value report or you have any other real estate questions, give us a call or send us an email. We’d be glad to help you.