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Are Zillow Home Values Accurate?
Las Vegas, Nevada -- Imagine two houses for sale on the same street, sitting next door to each other.  Each of them has the same square footage, lot size, number of bedrooms, baths, etc.  The only difference is one of these homes has wood floors, granite countertops, crown molding, six-inch baseboards and stainless steel appliances. The other home has white appliances, vinyl floors in the bathrooms, carpet in the living and family rooms and laminate kitchen countertops.  While the Zillow, “Zestimate” will show the value of these two homes to be IDENTICAL; this could be quite misleading.  Only one of these homes is likely to attract a buyer.  The other could sit for month after month without any offers, because buyers might feel it's overpriced and outdated.
 
Before placing your home on the market, it’s a good idea to look at some of the model homes being offered by new home builders.  Many of them no longer offer white appliances as an option.  The same is true with oak cabinetry, vinyl flooring and laminate countertops.  Stainless appliances and granite kitchen countertops are now standard features with many builders.  How does this affect you?  If your home appears “behind the times” to ... more

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