Recently one of my past clients contacted me asking about the value of the home he had purchased in Carmel. He bought it last fall for $457,000. He called after seeing its zestimate (estimated value) on Zillow for only $275,000! This is one of the more extreme examples I’ve seen on Zillow zestimates being way off the mark.
Automated home valuation systems such as Zillow base home values off of public data much of which is incorrect or incomplete. As many of us learned in our first computer science class “garbage in, garbage out”.
If you are going to be buying a home and want an estimate of its value, contact me @ Jim@HowToBuyAHome.com. As your Realtor, I’ll not only provide an estimate, but what I based it on.
