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Should You Trust the Value from Zillow Estimates?

Sep 11, 2023 | Buying, Real Estate, Selling

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Zillow is an industry leader in the housing market. People look to Zillow estimates to know what their home could be worth. But should you trust Zillow? There are many opinions about this, and we will talk about some things that make it difficult to trust Zillow with the true value of your Nevada house.

The most important aspect to keep in mind is that the actual housing market conditions in your specific area are not taken into consideration the majority of the time, which can affect the accuracy of Zillow estimates. It uses and therefore provides data that is broad, and doesn’t offer as much context for Nevada homes as most would like. The value of a home on Zillow can be affected by many variables such as location, condition of the house and it’s size, and the accuracy of these “zestimates” will vary to some degree from the actual value of the home, as well as other factors depending on where you live in Nevada. Additionally, neighborhoods that are often more expensive than other areas because they have better schools or proximity to certain things like parks or shopping centers

Fact: Zillow Estimates are 18 to 20 Percent Higher or Lower in Home Valuations

The point is that Zillow does provide a good “ballpark” estimate for most houses through its Zillow estimates. However, if you want to find out the real value of your home in Nevada, you could contact a real estate agent or appraiser. Or you can call us at (877) 522-3747 and we will provide real world value of what it is worth on the open market.

When we, at Eight-Five Property Ventures, determine what your property is worth, in order to make an offer, we look at the same date as an agent or appraiser. However, because we are a cash buyer, purchasing as-is, without any fees or closing costs, we will likely offer a little less, however we are able to offer you a fair price for your property.

To see if we can buy your house, find out the value of your home in Nevada or contact us with questions, please call us at (877) 522-3747 or email us at marketing@85pvllc.com

Frustrated by the Inaccuracies in Zillow Estimates? Want To Get A Cash Offer On Your Nevada House?

If you are frustrated due to the inaccurate Zillow estimates and want to receive a real and accurate cash offer, then you have landed at your true destination. Please fill out the quick form below, and we will be in touch with you shortly!

Eight-Five Property Ventures

Eight-Five Property Ventures

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