Why are Zillow Zestimates so wildly inaccurate? Zillow simply has no way of seeing the inside of your home, including finishing touches and upgrades to your property. Buying a home?  Search all Colorado homes for sale  Selling your Colorado home? Get a free home value report  Today I wanted to talk about how Zillow Zestimates are so wildly inaccurate. I recently came across an interesting article – Zillow CEO Spencer Rascoff sold his house in Seattle in February of 2016 and the Zestimate was off by 40%! Click here to view the full article. How can they be so far off? Unless they have walked through your property and seen your finishing touches, any upgrades to the home, or any views your property has, it's hard for them to get it right. Zillow's CEO sold his home in 2016 for 40% less than the Zestimate. Where they really get it wrong is in the Colorado luxury market. The only way to get an accurate value for your home is with the help of an experienced local real estate professional. If you'd like to get an accurate analysis of your property from a local expert, give me a call or send me an email. We'd love to help you out!

Colorado Real Estate Podcast with Lisa Ray

[email protected] (Lisa Ray)

Can You Trust a Zestimate for Home Value?

SEP 16, 2016-1 MIN
Colorado Real Estate Podcast with Lisa Ray

Can You Trust a Zestimate for Home Value?

SEP 16, 2016-1 MIN

Description

<div style="text-align: center;"> <iframe allowfullscreen="" frameborder="0" height="360" src="https://www.youtube.com/embed/O85D3bCaUMM" width="640"></iframe> </div> <div dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt; text-align: center;"> <span style="background-color: transparent; color: black; font-family: &quot;arial&quot;; font-style: normal; font-variant: normal; font-weight: 400; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;"><span style="background-color: white; font-family: &quot;arial&quot; , &quot;helvetica&quot; , sans-serif; line-height: 21.56px; white-space: normal;"><i style="line-height: 21.56px;"><b style="color: #222222;"><span id="docs-internal-guid-a7cfb9fc-3461-7326-7f99-ebba5e6042cc" style="font-weight: normal;"><span style="background-color: transparent; color: black; font-family: &quot;arial&quot;; font-style: normal; vertical-align: baseline; white-space: pre-wrap;">Why are Zillow Zestimates so wildly inaccurate? Zillow simply has no way of seeing the inside of your home, including finishing touches and upgrades to your property.</span></span></b></i></span></span> <span style="background-color: transparent; color: black; font-family: &quot;arial&quot;; font-style: normal; font-variant: normal; font-weight: 400; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;"><span style="background-color: white; font-family: &quot;arial&quot; , &quot;helvetica&quot; , sans-serif; line-height: 21.56px; white-space: normal;"><i style="line-height: 21.56px;"><b style="color: #222222;"><span style="font-weight: normal;"><span style="background-color: transparent; color: black; font-family: &quot;arial&quot;; font-style: normal; vertical-align: baseline; white-space: pre-wrap;"><br /></span></span></b></i></span></span></div> <div dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt; text-align: center;"> <div style="background-color: white; font-family: arial, tahoma, helvetica, freesans, sans-serif; font-size: 15.4px; line-height: 21.56px;"> <span style="font-family: &quot;arial&quot; , &quot;helvetica&quot; , sans-serif;"><i><span style="color: #222222; line-height: normal;"><b>Buying a home?</b></span><span style="line-height: 21.56px;"><b><span style="line-height: 20px;">&nbsp;&nbsp;</span><a data-cke-saved-href="href=" href="http://rayrealestateteam.com/mlssearch/" style="color: #a00531; line-height: 20px; text-decoration: none;" target="_blank">Search all Colorado homes for sale</a><span style="line-height: 20px;">&nbsp;</span></b></span></i></span></div> <div style="background-color: white; color: black; font-family: arial, tahoma, helvetica, freesans, sans-serif; font-size: 15.4px; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: 21.56px; text-align: center; text-indent: 0px; text-transform: none; white-space: normal; word-spacing: 0px;"> <div style="margin: 0px;"> <span style="font-family: &quot;arial&quot; , &quot;helvetica&quot; , sans-serif;"><i><span style="color: #222222; line-height: normal;"><b>Selling your Colorado home?</b>&nbsp;</span><b><a data-cke-saved-href="href=" href="http://rayrealestateteam.blogspot.com/p/home-value-report.html" style="color: #a00531; line-height: 20px; text-decoration: none;" target="_blank">Get a free home value report</a><span style="line-height: 20px;">&nbsp;</span></b></i></span><br /> <br /></div> </div> </div> <div dir="ltr" style="margin-bottom: 0pt; margin-top: 0pt;"> <div dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;"> <div dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;"> <div dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;"> <div dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;"> <div dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;"> <span id="docs-internal-guid-a7cfb9fc-3461-a88f-46ef-2e7aa6734c02"><span style="font-family: &quot;arial&quot;; font-size: 14.6667px; vertical-align: baseline; white-space: pre-wrap;">Today I wanted to talk about how Zillow Zestimates are so wildly inaccurate.</span></span></div> <span id="docs-internal-guid-a7cfb9fc-3461-a88f-46ef-2e7aa6734c02"> </span> <br /> <div dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;"> <span id="docs-internal-guid-a7cfb9fc-3461-a88f-46ef-2e7aa6734c02"><span style="font-family: &quot;arial&quot;; font-size: 14.6667px; vertical-align: baseline; white-space: pre-wrap;">I recently came across an interesting article – Zillow CEO Spencer Rascoff sold his house in Seattle in February of 2016 and the Zestimate was off by 40%! <b><a href="http://www.inman.com/2016/05/18/zillow-ceo-spencer-rascoff-sold-home-for-much-less-than-zestimate/" target="_blank">Click here to view the full article.</a> </b></span></span><br /> <span style="font-family: &quot;arial&quot;; font-size: 14.6667px; vertical-align: baseline; white-space: pre-wrap;"><br /></span> <span style="font-family: &quot;arial&quot;; font-size: 14.6667px; vertical-align: baseline; white-space: pre-wrap;">How can they be so far off?</span></div> <span id="docs-internal-guid-a7cfb9fc-3461-a88f-46ef-2e7aa6734c02"> </span> <div dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;"> <span id="docs-internal-guid-a7cfb9fc-3461-a88f-46ef-2e7aa6734c02"><span style="font-family: &quot;arial&quot;; font-size: 14.6667px; vertical-align: baseline; white-space: pre-wrap;"><br /></span></span></div> <span id="docs-internal-guid-a7cfb9fc-3461-a88f-46ef-2e7aa6734c02"> </span><span style="font-family: &quot;arial&quot;; font-size: 14.6667px; font-weight: 700; line-height: 1.38; white-space: pre-wrap;">Unless they have walked through your property and seen your finishing touches, any upgrades to the home, or any views your property has, it's hard for them to get it right.</span><span style="font-family: &quot;arial&quot;; line-height: 1.38; white-space: pre-wrap;"> </span></div> </div> <div class="quote-box"> <div class="quote-text"> Zillow's CEO sold his home in 2016 for 40% less than the Zestimate.</div> </div> <div dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;"> <div dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;"> <span style="background-color: transparent; color: black; font-family: &quot;arial&quot;; font-style: normal; font-weight: 400; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;">Where they really get it wrong is in the Colorado luxury market. The only way to get an accurate value for your home is with the help of an experienced local real estate professional.</span></div> <div dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;"> <span style="background-color: transparent; color: black; font-family: &quot;arial&quot;; font-style: normal; font-weight: 400; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;"><br /></span></div> <div dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;"> <span style="background-color: transparent; color: black; font-family: &quot;arial&quot;; font-style: normal; font-weight: 400; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;">If you'd like to get an accurate analysis of your property from a local expert, give me a call or send me an email. We'd love to help you out!</span></div> </div> </div> </div> </div>