Having to overcome sellers unrealistic expectations of what their home is worth is my job as a professional Realtor. But Zillow doesn't make it easy when they set sellers expectations so high!!!
And that is the first place sellers seem to look, since it shows up first on a search of their address.
I just saw a Zillow Zestimate of $365k on a home that I would recommend listing well under $200k. As a matter of fact, there was an appraisal just done on the property and it came back at $182k. Yeah, Zillow was way off.
Another home that I as pulling comparables on today had a Zillow Zestimate of $327k. They highest priced home in the subdivision in great condition and move in ready sold for only $283k.
I understand it's a computer based algorithm that comes up with these Zestimates but I thought computers should be able to do a better job! Where are they pulling these numbers from?!?!?!
I guess the computers won't be putting Realtors out of business any time soon. We apparently are still needed to help provide home sellers with accurate information so that they can make an informed decision on what amount they can expect to get for their home.
If you are in the North Atlanta area and are thinking of selling your home, contact me today for a free market analysis of your home. I service the areas of Peachtree Corners, Norcross, Roswell, Alpharetta, Johns Creek, Milton, Suwanee, Marietta, Kennesaw, Acworth, Woodstock, Canton, Lilburn, Lawrenceville, and more. Gwinnett County, Cobb County, Cherokee County, Fulton County.
Lorrie Thomas, Realtor
Keller Williams Chattachoochee North