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List Price vs Zestimate

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Selling your home for sale by owner on Zillow? How does your list price compare to Zillow’s Zestimate?

According to Zillow their Zestimate® home valuation is their own estimated market value, computed using a proprietary formula. It is not an appraisal. It is a starting point in determining a home’s value. The Zestimate is calculated from public and user-submitted data, taking into account special features, location, and market conditions.

Zillow encourage buyers, sellers, and homeowners to supplement Zillow’s information by doing other research such as:

1. Getting a comparative market analysis (CMA) from a real estate agent
2. Getting an appraisal from a professional appraiser
3. Visiting the house (for buyers, real estate agents)

Often one of the first things a potential buyer looks at when viewing homes that they are interested in is the difference between the For Sale List Price vs the Zestimate. You can’t miss it! They are literally stacked together on the Zillow listing page. It’s in your best interest to know how accurate the Zestimate is and how realistic your list price is by getting a professional home valuation that includes both timey and neighborhood specific comparable properties that include the following:

– Active
– Under Contract
– Sold
– Expired
– Withdrawn
– Days on Market
– Current List Price vs Original List Price
– Original List Price vs Sold Price
– $ Amount of Seller Concessions
– Interior Photos of all Properties

To request your comprehensive CMA with a detailed analysis and price opinion, just click on the button above.  You can also call, text, or email Russ Pence, Broker Associate, REALTOR® at RE/MAX Alliance DTC.

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