Lot's has been written over the years about the accuracy of their Zestimates. I am a Realtor in Boise, Idaho and there values in our market are not accurate at all. But don't take my word for it, here is exactly what Zillow says about their accuracy in Boise, Idaho.
(redacted my own screenshot of their website) but click on Zestimates on the lower left of their first page of their website.
The next page that displays shows:
(redacted again - but see how they define their estimates and admit their results vary depending on access to available data)
When you look at their own data for the state of Idaho, you will see:
(redaction #3) showing they don't even give themselves a margin of error since they don't get enough data here in Idaho.
If the estimates were fairly accurate, wouldn't they call them Zaccurates?
Since Idaho is one of 12 Non-disclosure states in which sales data is not available to the general public, websites that offer automated valuation models (AVM's) are not accurate at all. They don't claim to be accurate and never will be since houses are not a commodity that is sold by the square foot. I think of each home as a unique piece of art. The lot it sits on is it's tapestry. Some art looks like it was created by a kindergarten student while others by true artists who have mastered putting together all the elements with style and elegance.
If you would like a personal assessment of what your property is worth in the Idaho, I would be glad to offer that service completely free of charge. I also do assessments for people who are trying to figure how much to fix up their home before putting it up for sale in order to maximize their potential return on investment.
Call Jim Paulson, owner and broker of Progressive Realty Corporation at 208-573-0471 today for your free market analysis! Put my 30 years of licensed Idaho real estate experience to work for you.
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