Thinking about buying a home?
You've probably looked at more than a few Zillow zestimates! But what is a zestimate, and how accurate is it? A zestimate is a computer-generated estimation of a home's value, based on public data and algorithms.
It can be a good starting point for understanding the value of your home, but it is FAR FROM PERFECT! Zillow itself admits that zestimates are accurate within plus or minus 5% of the actual sale price about 50% of the time. That means that half the time, the zestimate will be off by more than 5%.
So if you're thinking about bidding on a home, don't rely too heavily on a home's zestimate.
When you're ready, work with an expert realtor who can help you navigate the process and help you make a winning bid!
Don’t overpay for your next home!
If you are looking to buy or sell in the Bay Area, text or call me today at 408-547-4590!
You can also visit us at https://www.homesbyspencerhsu.com/
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Call/text if you want to go over options for buying and selling in the Bay Area! ➡️ 408-547-4590 📲