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Should You Trust Zillow’s Estimate on Your Home?

To Zest or Not to Zest?!

We’ve all seen the Zillow estimate — or “Zestimate” — of what our home is worth. So the real question is, is the juice worth the squeeze? Can you trust it???

Hate to sound sour — but the answer is NO. Let me explain why. They can be grossly inaccurate. It’s a unique algorithm based on public data. It’s never once stepped foot in your home, so it cannot account for any unique features or any upgrades you’ve made on your home. For example, say you and your neighbor’s home are comparable in terms of square footage and age, but you recently upgraded your kitchen to make it a chef’s dream, but your neighbor is still rocking that 1980s kitchen — well Zillow’s “Zestimates” for both your homes will likely be similar because Zillow just doesn’t have that knowledge. But that doesn’t seem fair, does it?

Zillow even acknowledges it’s lack of accuracy stating their “zestimates” are only within 5% of the accurate value 50.2% of the time! That’s why if you’re wondering what your home is worth, it’s important to get a comparative market analysis — or CMA — done on your home.

If you’re wondering what your home is worth, feel free to contact me at 808-489-2541 or email at novitaworley@hawaiilife.com for a FREE Home Evaluation. I just need your name and address, and I’ll have it ready for you in no time.

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Aloha!

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