Zillow is making cash offers on houses using its ‘Zestimate’ home value tool
2:41
Fox BusinessAnn Schmidt
Zillow is making cash offers on houses using its ‘Zestimate’ home value tool
The real estate listing website announced Thursday that its Zestimate -- Zillow’s home value estimation tool -- could be considered an initial cash offer on “eligible homes” in 20 U.S. cities
Feb 26, 2021
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🚨 Zillow crime alert 🚨 Think the estimated value Zillow shows for your property is accurate? Think again… Zillow hasn’t walked through your home, hasn’t seen your upgrades, and hasn’t compared your property to what’s actually selling in your neighborhood. An online estimate can’t account for condition, layout, location nuances, or buyer demand, and that’s exactly where a professional agent comes in. Pricing a home correctly takes real data, local knowledge, and boots-on-the-ground experience.
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🚨 Zillow crime alert 🚨 Think the estimated value Zillow shows for your property is accurate? Think again… Zillow hasn’t walked through your home, hasn’t seen your upgrades, and hasn’t compared your property to what’s actually selling in your neighborhood. An online estimate can’t account for condition, layout, location nuances, or buyer demand, and that’s exactly where a professional agent comes in. Pricing a home correctly takes real data, local knowledge, and boots-on-the-ground experience.
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You may be tempted to trust the Zestimate but Zillow doesn’t decide what your home is worth. Your home’s value isn’t a number pulled from an algorithm — it’s determined by real buyers, real demand, timing, condition, and how your home is positioned in the market. The only way to truly know what your home is worth is by looking at what buyers are actually paying — right now— not last year and not based on what a website says. Two homes on the same street can sell for very different prices dependi
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You may be tempted to trust the Zestimate but Zillow doesn’t decide what your home is worth. Your home’s value isn’t a number pulled from an algorithm — it’s determined by real buyers, real demand, timing, condition, and how your home is positioned in the market. The only way to truly know what your home is worth is by looking at what buyers are actually paying — right now— not last year and not based on what a website says. Two homes on the same street can sell for very different prices dependi
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87 views1 month ago
This is why I always tell buyers and sellers to take Zillow pricing with a grain of salt. Same home. Same day. Zillow’s estimate changed by $43,700 overnight — simply because the listing went live. Zillow is great for browsing homes and getting ideas, but pricing a home takes more than an algorithm. It requires looking at recent sales, current competition, buyer demand, and timing. If you’re buying or selling, this is exactly why having a pricing certified agent matters — someone who can explain
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This is why I always tell buyers and sellers to take Zillow pricing with a grain of salt. Same home. Same day. Zillow’s estimate changed by $43,700 overnight — simply because the listing went live. Zillow is great for browsing homes and getting ideas, but pricing a home takes more than an algorithm. It requires looking at recent sales, current competition, buyer demand, and timing. If you’re buying or selling, this is exactly why having a pricing certified agent matters — someone who can explain
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