Your Home Sold Guaranteed Realty - Nancy Kowalik Group

Are Zillow Home Values Accurate in Mullica Hill?

Are Zillow Home Values Accurate in Mullica Hill?

Have you and your family decided that now is the right time to sell your house? Do you know what your home’s current market value is? This information is very important for you as a home seller when it comes to determining the asking price for your house. You cannot simply use the amount you originally paid for the home because that value has likely increased over the course of time. That means you need to find a way to calculate your house’s true worth in the current market.

Our realtors at Your Home Sold Guaranteed Realty - Nancy Kowalik Group are well-aware of the importance of this valuation, and we are happy to help you figure it out. We give you the information, resources, and guidance that will be essential to ensuring you find success in the home selling process. Our realtors will be able to give you an accurate home valuation and answer questions such as “are Zillow home values accurate in Mullica Hill?”.

What Is the Importance of Accurate Home Values for Selling a Home?

When it comes to listing your home for sale on the market, it is vital that you calculate a reasonable and profitable asking price to put in the listing. As home buyers are scouring through the listings, one of the first things they will look at is the asking price because they need to determine if the house is within their budget. If so, they can continue to read the listing and see if the home meets their overall needs. Make a good impression by listing the right asking price.

To figure out your listing price, you will have to consider a number of factors including the estimate given to you in your professional home valuation. With accurate and current information from the home valuation based on certain essential factors related to the market and your particular home, you can ensure the listing price is an attractive one to interested home buyers.

Keep in mind, home buyers will be examining the market for homes in their price range and those which meet their needs. They will be aware of the prices for other comparable homes in the area and will likely use that information to determine if your asking price is reasonable. This is why a professional home valuation is so critical.

There are online home valuation tools that many home sellers rely on to determine their home’s worth, but these are not necessarily the best options. One of these tools is the  Zillow Zestimate. Although this is a great place to start, Zillow should not be your final step in the valuation process, nor should you rely on its estimate to determine your listing price.

Are Zillow Home Values Accurate in Mullica Hill?

A very useful online tool is the Zillow Zestimate, an innovation created by Zillow that provides homeowners a way to estimate the value of their homes. To get this number, Zillow will rely on publicly available and user-submitted data to make its value determinations. While this tool can be useful to track the changes in your home’s value over time, it will not give you the same estimate of your home’s worth that a professional assessor can. 

To determine the basic value of any home, the Zillow Zestimate relies on comparables in Mullica Hill. It does not, however, factor other aspects into that determination. Factors such as home improvements or upgrades that have been made, renovations or additions, neighborhood turnovers (high selling neighborhoods have more recent data to incorporate into the algorithm), or the conditions of the neighborhood itself are all left out. Therefore, the Zestimate can be wildly inaccurate. 

In fact, Zillow’s FAQ page states that the “median error rate for on-market homes nationwide is 3.2%” and the error rate for off-market homes is 7.52%. These numbers can add up to significant losses, so it is always advisable to speak with an experienced and local realtor to determine the value of your home and a reasonable asking price.

How Are Home Values Determined by Zillow?

Here’s how the Zillow algorithm works: it gathers information from all of the homes located within a certain zip code, bundles them together, and then averages them out given certain parameters such as single-family homes with approximately 2,000 square feet and 3 bedrooms. That average is the value the Zestimate gives for a home that meets those criteria. 

Are Zillow home values accurate in Mullica Hill? No, especially considering the fact that it does not incorporate specifics for your individual home which could raise or lower the value.

How Do Home Sellers Benefit from Expert Home Valuations?

The main benefit of a professional home valuation is that you get the assurance that the estimate you receive is accurate and current for the real estate market in which you reside. This information will be useful in determining the most reasonable and profitable asking price for your home in Mullica Hill. 

When you work with our realtors, we give you peace of mind knowing that your home valuation is accurate and can be used with confidence to determine your home’s asking price. Our valuations will incorporate factors that Zillow simply cannot use, and that is how you can trust that our valuations are much more accurate than any other online home valuation tool. Our realtors guarantee that your home sells quickly and for top dollar!

Get the Most Accurate Home Values with Our Realtors in Mullica Hill

If you are ready to sell your home and want to know “are Zillow home values accurate in Mullica Hill,” our real estate team at Your Home Sold Guaranteed Realty - Nancy Kowalik Group is here to help. We are happy to give you the answers you need to any and all questions you may have and ensure that you get the most accurate home valuation. For the most reasonable and profitable asking price for your real estate listing, make use of our home valuations.

To get more information about your home value or to start your home selling journey, give us a call at (856) 478-6562 or fill out the form below with the requested information to get a detailed response from one of our realtors. With our team on your side, we guarantee you have the best possible home selling experience by achieving your real estate goals.

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