How Accurate Is Zillow, Exactly?

DFW Real Estate Podcast with The Pyron Team

Can Zillow accurately pinpoint the value of your home?
There are a few reasons why it’s especially difficult for Zillow to do so in Texas.

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What can’t you trust Zillow to provide an accurate value for your home? For one thing, we’re in Texas, which is a non-disclosure state. This means a consumer website can’t publish the value of your neighbor’s home or what they may have sold it for. That information can only come through the MLS. Secondly, Zillow pulls data from public tax records and other similar sources to estimate the value of homes. Their estimate tool, the Zestimate, is merely an algorithm that calculates this public online information and is typically 5% to 15% higher or lower than the home’s actual value.

The best way to find your home’s true value is to contact a Realtor.

The best way to find your home’s true value is to contact a Realtor such as myself so we can conduct a free CMA (comparative market analysis) and accurately look at the values of the homes that have sold in your area. If you have any other questions about Zillow or you’re interested in having us conduct a CMA for your home to calculate its worth down to the penny, don’t hesitate to give us a call or send us an email. We’d be glad to help.