Are Zestimates really the best way to find your home’s value? We recently discussed the topic on Facebook Live.
We recently participated in a great Q&A on Facebook Live where we talked about online home estimates, specifically Zillow’s Zestimates, and how accurate they are here in Albuquerque. We had a wide-ranging discussion on the topic. Here’s an outline of what we talked about, with timestamps so that you can skip ahead to the section(s) that interest you most:
0:50 - Are Zillow’s Zestimates accurate in New Mexico?
2:20 - How much are Zestimates off by on average in different areas of the country?
3:45 - The origins of online estimates and their mathematical shortcomings when it comes to valuing homes.
6:00 - A few examples of some real New Mexico homes and the discrepancies between their actual home values and their online Zestimates.
6:30 - When are Zestimates useful? Are they useful at all?
7:45 - Why New Mexico’s county records aren’t a good indication of a home’s true value.
If you have any other questions for us about Zillow, Zestimates, or anything else related to real estate, don’t hesitate to give us a call or send us an email. We look forward to hearing from you soon.
0:50 - Are Zillow’s Zestimates accurate in New Mexico?
2:20 - How much are Zestimates off by on average in different areas of the country?
3:45 - The origins of online estimates and their mathematical shortcomings when it comes to valuing homes.
6:00 - A few examples of some real New Mexico homes and the discrepancies between their actual home values and their online Zestimates.
6:30 - When are Zestimates useful? Are they useful at all?
7:45 - Why New Mexico’s county records aren’t a good indication of a home’s true value.
If you have any other questions for us about Zillow, Zestimates, or anything else related to real estate, don’t hesitate to give us a call or send us an email. We look forward to hearing from you soon.
