Saturday, August 26, 2017

Zestimates Can Ruin a Community


Let me give you an property valuation without looking at your home.

A listing I closed on, recently, showed up on Zillow, which still had an inflated Zestimate of the property and photos from a previous listing. This wasn't even updated to the current list price of $470,000, which was what it was the latest list price. This is the type of nonsense that realtors put up with having to dispute incorrect information posted on Zillow. Here is a community that hasn't had a sale, with the exception of this one, in over twelve months. As a home seller, ask yourself if you can afford to wait this long to sell a home, that may not even appraise? Every month on the market can reduce your list price by 1%!
Trust the professional who is familiar with your local area before trusting Zillow. At least he will visit your home. 

Over Priced Zestimate

tHE 

The actual list price was $20,000 above Market Price. This home sold for $450,000.

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