Don’t you just love that you can log onto zillow.com and know your homes value in seconds without ever having to call a Realtor?  Zillow has become one of the most popular real estate sites on the internet for this very reason.  So I had to check it out.

Browsing this site told me something I did not want to hear though.  It told me that I was off when it came to putting values on homes in my market area.  In fact, I was WAY OFF.  If Zillow is on the money I should be buying every piece of property on Pine Island A.S.A.P.

After I realized that it may be Zillow, and not perfect old me, like was previously suggested, I began to look into their system.  It seems that Zillow is only downloading tax records from the county and spitting out the number its math monsters come up with.  Sadly, the data they are using is old and most of the time it does not give an accurate picture of the market.  In fact, when you dig deep enough it will tell you how accurate they are.  Take a look!

According to their own chart, they are off by more than 20% on over HALF of the homes they put values on.  20% is not a laughable number either.  That’s $70,000 on a $350,000 home and over half are farther off than that!!!

If you would like to know the real value of your home from someone who actually knows the market, give me a call today!!!

I am a Full Time Pine Island Realtor and Resident.  I specialize in waterfront homes and property, and am anxious to help you in any way that I can. Give me a call today at (239) 313-3632 or shoot me an email to let me know how I can help you.