Your Home Sold Guaranteed Realty - Nancy Kowalik Group

Are Zillow Home Values Accurate in South Harrison?

Are Zillow Home Values Accurate in South Harrison?

Do you know the current home values accurate in South Harrison? Not what you paid for it originally, but its true worth right now? If not, that is one of the first things you need to figure out before you list your home for sale. It is vital information because it will determine the asking price you put in your MLS listing, and home buyers will have done their homework to find out what homes like yours are currently worth as well. If you don’t have a figure in mind, it is definitely time to get your research done.

At Your Home Sold Guaranteed Realty - Nancy Kowalik Group, our team of experienced real estate professionals will not let you go about this task alone. We will help you figure out what your home is worth in the current market without relying on the free online home valuation tools which are notoriously inaccurate, including the Zillow Zestimate (we will answer the question, “are Zillow home values accurate in South Harrison?”). With our resources and assistance, you will know exactly how much your home is worth and what it could potentially sell for, should you list it now.

Find Out the Importance of Accurate Home Values for Selling a Home in South Harrison

Listing your home on the real estate market means that you will be exposing it to all of the potential home buyers in the area. They will need to know what you are asking for the house, but they will also have a clear idea of what homes like yours should currently be selling for. To get their attention and make them investigate your home further, your asking price needs to be fair and reasonable. You can’t determine that price without knowing what your home’s current value is.

In order to get your listing price figured out, there will be a number of factors that will be considered during a home valuation by a professional. These factors are based on the current market as well as your home in particular. Without accounting for these factors, your value estimate will likely be incorrect and you may risk losing money and time in the process.

Home buyers are obviously going to be doing their homework before jumping into the market as well, and this means that they will know what homes in the area are listed at. They will look at comparable homes and use those to figure out if your house is listed at too high or too low a price. That is why it is critical to have a professional home valuation completed.

As you may know, there are online home valuation tools that offer you a free estimate of your home’s worth. One of these is the Zillow Zestimate. While this probably sounds like a great deal, it should not be your one and only tool used to get a home value determination. Why? Because they are known to be highly inaccurate.

Are Zillow Value Estimates Accurate?

In short, no. Are Zillow home values accurate in South Harrison? The answer is a resounding no. The Zillow Zestimate is a proprietary tool that offers 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. 

The Zestimate relies solely on comparables (recent sales of homes) in South Harrison to figure out a basic value for a home like yours. It does not account for things that are exclusive or unique to your home. Things 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. 

Even Zillow’s own 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.

What Factors Does Zillow Use to Determine Home Values in South Harrison?

To get the number value for your home, the Zillow algorithm 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 South Harrison? Not for your particular home because it does not incorporate the specifics of your home which could raise or lower the value.

What Benefits Do Home Sellers Get from Expert Home Valuations?

When you get a professional home valuation completed, the primary benefit is the assurance that your home value will be accurate and current for your area’s real estate market. So, you can use this information to figure out the most reasonable and profitable asking price for your South Harrison home.

Our realtors at Your Home Sold Guaranteed Realty - Nancy Kowalik Group are happy to help you throughout the entire home selling process, including the home valuation. You can rest assured knowing that our home valuation is as accurate as possible and has incorporated all of the specifics of your home into the calculations (things Zillow can’t do). Once you list your home with that accurate price, you can guarantee that your home sells quickly and for top dollar!

Ask Us about Getting the Most Accurate Home Values in South Harrison

Are you excited to sell your home but want to know “are Zillow home values accurate in South Harrison”? At Your Home Sold Guaranteed Realty - Nancy Kowalik Group, we can’t wait to help. Our realtors will answer any and all questions you have, including those about the Zillow Zestimate, and we are dedicated to your 100% customer satisfaction. We strive to 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) 230-7077 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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