
It can’t hurt to check out a quick online home estimate to see what your house is worth, right?
Yes, and no.
Quick estimates from websites such as Zillow can be helpful as well as very misleading😳. As long as you understand that the number you get is a broad estimate based on an algorithm with limited capabilities you’re all good 🤩!
So what are four ways your agent’s analysis differs from a quick online estimate from Zillow?

- Market Timing – The recommended list price from your agent is based on the most recent sale activity near your home as well as the current potential competition (active listings). Sites like Zillow may or may not use the most current market data. They pull from tax records, which may have errors, might not be up to date, and don’t account for market conditions.
- Home Improvements – Your agent tours your home with you and takes detailed notes about all the assets you have and improvements you have made. Has Zillow come for a visit lately..? 🧐
- Location, Location, Location – Your agent knows if your home is on a quiet street with incredible views, and close to all the local amenities, as well as if there are location challenges we need to strategically account for. The online algorithms do not have a way to assess value based on the characteristics of each home’s location.
- Presentation – Your agent knows that when your home shows well, this usually results in a faster sale and more money in your pocket. Furthermore, your agent will help guide you on ways to boost your home’s presentation so you can secure top dollar. The online algorithms don’t have eyes into anyone’s living room.
So if you’re curious about an instant home estimate, check Zillow and the William Raveis Home Estimate Tool for comparison. When you’re ready to know where you stand so you can make informed decisions, give your agent a call. If you knew your home’s true value, what would you do next?

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