The TRUTH about ZESTIMATES and ZILLOW

Let me ask you a question.

Would you ever marry someone without ever seeing them, or getting to know them personally?

Would you ever just go on an app, like the way their picture looked and ask them to marry you?

Or better yet, would you ever compare someone you wanted to marry to their friends and base your decision upon the way their friends looked or acted?

Well, I wouldn’t do that either!

Hi I’m Eren Millam, with Premiere Property Group, LLC.

Marrying someone without seeing them is just like trusting Zillow to value your home. You see Zillow is an algorithm and they get their information from public data. Zillow has never seen the inside of your home and it’s a computer, it bases the price of your home upon what the neighbors are doing. It’s basically the same thing as marrying someone based upon their friends. They look at things like size, bedrooms , bathrooms, etc. and they compare them to your neighbors. But, they cannot take into consideration upgrades, views, location, amenities, desirability and market climate. A computer cannot take those major features into consideration when giving you a “Zestimate”, And ALL of these factors have a huge impact on the value of your home.

Here’s the crazy thing, Zillow even acknowledges their lack of accuracy stating that In the U.S. as a whole, Zestimates are currently within 10% of the final sale price 71.5% seventy one point five percent of the time. And they encourage you to get a more accurate evaluation by a licensed Agent or appraiser.

That’s what my team and I do. We live, work, play and specialize only in this area and we’ve sold hundreds of homes, so we know it well! We take a detailed look at not only the comparables, but also what the absorption rate is as well as many other factors when determining what to list your home at. You have to consider inventory levels, buyer demand, interest rates, market climate and so many other things in addition to upgrades, amenities, location etc.

Let me show you what I mean. Take this example on Jeffries Road in Chehalis, the Zestimate was $531,000 and we sold it for $695,000, that is $164,000 difference, you could almost buy another house with that. Imagine if they would have listed with an inexperienced or discount broker who relied on the Zestimate or who didn’t have the knowledge to know better. Relying on Zillow for the value of your home is the exact same thing as relying on a picture when choosing your mate. Maybe you should have swiped left, instead of right.

If you’re wanting a more accurate analysis of the value of your home, call us. We’ve sold hundreds of homes right here in Lewis County in Centralia, WA 98531 and Chehalis, WA 98532 and we can get you a custom marketing proposal from a real live person who lives, works, and breathes real estate FULL TIME. And as always, I’m here to serve, I cannot wait to help you.

Again, my name is Eren Millam w/ Premiere Property Group.

Make it an extraordinary day!