2 Reasons to NOT Trust Zillow
When researching home buying tips, Zillow is one of the most popular websites out there. But before you use Zillow to make real estate investments decisions, it’s important to keep in mind that Zillow can be unreliable and inaccurate. Here are two reasons why you should not trust Zillow:
First, Zillow does not take into account individual market conditions. Zillow uses a “Zestimate” algorithm that generates home value estimates, but Zestimates do not factor in local nuances such as recent sales in the neighborhood or upgrades to the property.
Second, Zillow also tends to overestimate home values. Zillow Zestimates have been known to be up to 8% higher than the actual home value. If you’re investing in real estate, this could mean that you’ll end up overpaying for a property and lose out on potential profits.
When it comes to home buying tips, Zillow can be a great starting point, but it should not be relied upon to make real estate investment decisions. Zillow can help you get an idea of the current market conditions and estimated home values, but always do your own research and consult a trusted real estate professional before investing in a property.
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Christopher James is based in Branson, Missouri. He currently serves all of Stone and Taney Counties, which includes Branson, Hollister, Kimberling City, Reeds Spring, Branson West, Forsyth, and Kirbyville.
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