Ok, for those of you living under a rock the past few years, there is a website called Zillow.com. Zillow has a Zestimate. The Zestimate has godlike powers to determine the value of your home (I made that last bit up). Many people go to Zillow for advice (that's why I go), some to agonize over their home's Zestimate, some to search listings, some to do who knows what.
I like Zillow because I have spent enough time earning Zillow All-Star Status which allows my picture and contact info to appear next to many, many homes in my area. I've even been contacted by people asking about specific homes. For this, Zillow, I thank you. Zillow has a lot of traffic and some of that traffic can get diverted my way.
Also, I think the trending charts are useful to see what has happened in local real estate markets.
Now onto the hating Zillow. The average Zillow post goes something like this..."My houses value is in correct. How do you fix it?" So on one hand, Zillow is the god of home price evaluation because people get fixated on the Zestimate. But then, they slap Zillow across the face and question its all knowing powers of Zestimation by suggesting its wrong?? Zillow openly admits that they are usually off by 10% or more in some areas. Somewhere, you can access this info (I had some trouble finding it, I'll admit). I bet Bob Stewart will know exactly where it is.
Another common Zillow advice thread is "My home is incorrectly listed on your site. How do I get that fixed and the house revalued correctly". So frustrated having to read that hundreds of times. I asked Zillow to post a pop up window once with a disclaimer that had to have "accept terms" checked before you could use the site, but they ignored me. (Note to self: New advice thread "why are you ignoring me Zillow")
Zillow's Zestimates really are wrong much of the time. The information used is incomplete and it is often incorrect. For example, I just sold a home in Shorewood for $410,000. Zestimate for the home is... drumroll... $340,500. That's almost $70,000. I'm a hero, right?? No, sadly. Zillow was just way off.
Deep breath...1...2...3. Don't believe a website can do the job for you, especially with something as complex as valuing a home.
For a real estimate of your home's value in Shorewood, Plainfield, Oswego, Joliet or New Lenox, contact a professional.