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Why Should You Take Zillow's Values with a Grain of Salt?

 
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Manage episode 153741284 series 1099829
Content provided by Tyler Head. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Tyler Head or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://ro.player.fm/legal.
Selling your Lane County Home? Get a free home value report
Buying a Lane County Home? Search all homes for sale

How does Zillow affect buyers and sellers in the Lane County area? Today, we'll explain that while Zillow is a useful tool, you need to be careful about trusting everything you find there.
Often, I meet with sellers who tell me how much their home is worth according to Zillow and buyers who question the price of homes I show them because of what Zillow told them. What many people don't realize is that there are a lot of things Zillow can't do. It uses a database-structured algorithm to come up with home prices, so there are a lot of things it cannot take into consideration.

Zillow has no way of taking into account a home's curb appeal. They have no way of separating a dream yard from a dumpy one. A home with a pristine yard and one with grass ten feet tall, given the same statistics, will be valued the same on Zillow. In some aspects Zillow can be pretty accurate, but it's best to take all the information you get there with a grain of salt. More often than not, Zillow's values are either low or high.
If you have questions about the best way to find the most accurate and up to date real estate information, don't hesitate to give me a call or shoot me an email. I would love to assist you in any way possible!
  continue reading

20 episoade

Artwork
iconDistribuie
 
Manage episode 153741284 series 1099829
Content provided by Tyler Head. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Tyler Head or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://ro.player.fm/legal.
Selling your Lane County Home? Get a free home value report
Buying a Lane County Home? Search all homes for sale

How does Zillow affect buyers and sellers in the Lane County area? Today, we'll explain that while Zillow is a useful tool, you need to be careful about trusting everything you find there.
Often, I meet with sellers who tell me how much their home is worth according to Zillow and buyers who question the price of homes I show them because of what Zillow told them. What many people don't realize is that there are a lot of things Zillow can't do. It uses a database-structured algorithm to come up with home prices, so there are a lot of things it cannot take into consideration.

Zillow has no way of taking into account a home's curb appeal. They have no way of separating a dream yard from a dumpy one. A home with a pristine yard and one with grass ten feet tall, given the same statistics, will be valued the same on Zillow. In some aspects Zillow can be pretty accurate, but it's best to take all the information you get there with a grain of salt. More often than not, Zillow's values are either low or high.
If you have questions about the best way to find the most accurate and up to date real estate information, don't hesitate to give me a call or shoot me an email. I would love to assist you in any way possible!
  continue reading

20 episoade

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