Do you use Zillow's zestimate to determine the value of your home, to check the value of your neighbors home, or a home you're interested in buying?  If so, BEWARE!  I attended a Real Estate Technology conference yesterday and one of the presenters is a Manager of Partner Relations and admitted that the zestimates are on average 8% off!  Other data has shown that in some markets they are off by more than 10%, 50% of the time...so half the homes in those markets are more than 10% off!  As an agent, I've always been aware of the inaccuracy of the zestimate but a lot of times it is difficult to explain that to others. 

 

If you are looking for an accurate estimate of your homes value I recommend having a professional do it.  Feel free to contact me anytime to complete an analysis for you on the value of your home...even if it is just out of curiosity!  I also recommend that all homeowners complete their own profile on Zillow because you are then able to update information about your home...renovations, products within your home, etc and by updating those facts you can bring up your zestimate because there will always be someone out there that thinks it is accurate.