As an agent with the David Realty Group of Westfield NJ, I met someone who owns a home in Westfield NJ today who had their home on the market in the past but it did not sell. She engaged in this conversation with me once she found out I was a realtor with David Realty Group who sells Westfield Homes. The woman kept referring to how her home was underpriced when it was on the market next to all of the other homes in Westfield on her street. But none of the homes on her street has sold in recent years so where was she getting her information? Zillow. I then shared with her that Zillow did not have feet, and had never been in any home nor did Zillow have a brain b/c Zillow was not a person. I asked if her past agent had shared comparables with her and she said, “yes, that too”. But it sounded like her money was on Zillow and not on her agent! Zillow is a computer program that takes an average of the homes in the area and does not take into consideration the location of the home, the condition of home, nor the style of the home, etc. I just found it unfortunate that people would entrust a website and not their agent. By the end of the meeting she understood exactly my point. Real Estate today is a lot of Internet searching but it still is a people and things business where folks like to touch, feel and experience the house, neighborhood and its surroundings. What people are willing to pay for a home dictates price, NOT Zillow.
For a thorough analysis of the comparables in your market area, please call me, not Zillow!
David Realty Group