My strategic marketing brought the sellers of this Ham Lake home $5000 more than the "zestimate" in under 2 weeks.!
One of the main stopping places for many consumers when trying to obtain a "quick value" of their current home is to go to Zillow and look at what the "zestimate" says the current value is for their home.
However, the most disturbing part is in many cases these "zestimates" are way off from the true market value. Sometimes the given value is far too low compared to what the market says the home will sell for and in other cases (such as what our market is experiencing right now) this "zestimate" can far exceed the true value of the home and what a buyer will pay for that home in today's market.
Here are several recent sales of mine where "zestimates" were well over what the actual market values were....
290 Neal Ave, Lake Elmo
==>> The zestimate was $215,000 OVER what the property actually sold for.
2171 Cleveland Way S, Cambridge
==>> The zestimate was $10,000 OVER what the property actually sold for.
12876 Uplander St NW, Coon Rapids
==>> The zestimate was $15,000 OVER what the property actually sold for.
According to Inman News the CEO of Zillow sold his home this year for 40% LESS than the Zestimate..! “On February 29th, Spencer Rascoff sold a Seattle home for $1.05 million, 40 percent less than the Zestimate of $1.75 million shown on its property page a day later.” Zillow actually has a disclaimer on their website where you can see exactly how INACCURATE they are. They just make it hard to find.
If you would like to know what the REAL market value of your home is in today's seller's market, it would be my pleasure to provide you with a comprehensive report showing you accurate and unbiased information. PLEASE NOTE...there is NO obligation for this report and NO cost at all.