Yes, people may see that your Zestimate is lower than your neighbors, but that doesn't truly mean anything. I love Zillow, but they should not be the end all, be all in evaluating your home's value. That job should be up to your Realtor or an appraiser. Many people get caught up in their Zesitimate, but Zillow just doesn't always get it right. Ask your Realtor to send you the comps in your neighborhood. When selling a property, the current value is determined by what others are paying for similar properties. It's up to your Realtor to sell that value to a potential buyer, in order for you to get you top dollar.
Also, and it's rare, but some sellers will pay for an appraisal at the time they list the property. This can be a very valuable tool when trying to negotiate with a buyer. It also can add peace of mind that the price you list your house and hopefully sell your house at is correct.
Hope that helps!
Aaron Glassman, Boker/OwnerA-1 Realty Group, Inc.
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Aaron Glassman's Questions and Answers - Zillow
Friday, October 22, 2010
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