How important is having the facts when you are dealing with one of the largest financial transactions in your life? I have recently had several people reach out to me asking me a variation of the same question:
How accurate is the assessor’s site for the value of my home?
How accurate is the Zestimate on Zillow?
How likely is my home to sell for the same amount as my neighbor’s down the street?
The answer is the same for all of the questions: it is pretty accurate about 20% of the time. Frankly though, that is just because it is lucky. The real estate market is a market. The value of your home changes as the market changes around it. If there are less homes for sale around yours, then your value goes up because it has less competition to deal with. If you have foreclosures, or new construction, or homes that sold way over value (for any number of reasons), all of that can affect your home’s value as well. All of these things are constantly happening and thus the value of your home is constantly shifting.
The assessor’s site, Zillow, and anywhere else that you look is usually a stagnant guess based off of some of the data at the time that the guess was made. If you want to get your home sold for the most amount of money in the least amount of time, get a House Selling Specialist who can analyze all of the data and make sure that you are positioned in the current market for maximum visibility and desirability.
I just so happen to be that House Selling Specialist, and that is only one of the many consultative services that I provide. If you or someone you know is looking to buy a home, sell a home, or invest in real estate, you can reach me at 515.639.0047 or RyanLynch@KW.com
~Ryan Lynch
