Troy Hansford for Denver Real Estate | 303-617-0607 | HansfordTeam@TroyHansford.com
          

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What’s the Best Way to Get an Accurate Home Value?


Denver Real Estate Agent

A recent study showed that 98% of home buyers begin their search online on websites like Zillow. Today we are going to let you in on a few secrets that Zillow has to offer that you may not know about, and some tips for you to take into account when determining your home’s true value.

Whether you are buying or selling, Zillow can be a fantastic source of information. However, many people have begun to question the accuracy of Zillow’s automatic home valuation, what they call a “zestimate.”

Keep in mind that the “zestimate” is exactly what its name implies, an estimate.
It is in no way a final or absolute value of your home, it’s merely meant to give you a ballpark idea of what your home is worth. The way that Zillow comes up with their “zestimate” is by using a proprietary algorithm that takes into account your home’s bedroom/bathroom count, square footage, past sale records, and property tax assessments to come up with their best guess of what the home might sell for.

This is not an appraisal, or even a professional opinion, it’s a computer making a best guess based on a formula. To get a more accurate estimate for your home, you are able to change some of the basic data on your home, in case you’ve made some additions or improvement.

While getting a zestimate is a good place to start, your best option to get the true market value of your home is by giving us a call. We would be happy to come out and give you a true, professional valuation for your home. If you’d like to schedule a consultation today, just give us a call or send us an email. We can’t wait to hear from you!