Don't Trust the Zestimate

  • Spencer Hsu
  • 07/11/22

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!

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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! โžก๏ธ 408-547-4590 ๐Ÿ“ฒ

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