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Should You Trust The Value From Zillow

Oct 31, 2023 | Real Estate

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Zillow is an industry leader in the housing market. People look to them for information on home values and estimates of what their home could be worth. But should you trust Zillow? There are many opinions about this, and we will talk about some things that make it difficult to trust Zillow with the true value of your {Business Area} house.

Zillow does not take into account the actually housing market in your specific area. It uses and therefore provides data that is broad, and doesn’t offer as much context for {Business Area} homes as most would like. The value of a home on Zillow can be affected by many variables such as location, condition of the house and it’s size, and the accuracy of these “zestimates” will vary to some degree from the actual value of the home, as well as other factors depending on where you live in {Business Area}. Additionally, neighborhoods that are often more expensive than other areas because they have better schools or proximity to certain things like parks or shopping centers

Fact: Zillow has been reported to average anywhere from 18 to 20 percent higher or lower in home estimates.

The point is that Zillow does provide a good “ballpark” estimate for most houses. However, if you want to find out the real value of your home in {Business Area}, you could contact a real estate agent or appraiser. Or you can call us at (877) 360-5650 and we will provide real world value of what it is worth on the open market.

When we determine what your property is worth, in order to make an offer, we look at the same date as an agent or appraiser. However, because we are a cash buyer, purchasing as-is, without any fees or closing costs, we will likely offer a little less, however we are able to offer you a fair price for your property.

To see if we can buy your house, find out the value of your home in {Business Area} or contact us with questions, please call us at (877) 360-5650 or email us at steve@cashofferonhouse.co

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  • Mark and Michelle D

    When we got married we thought we would keep my old house and rent it out. Seemed like a good idea at the time-a little extra money coming in and the house would eventually get paid off… Wrong! The tenants messed the place up, called for us to make repairs all the time (things that we know they broke), were late on rent, skipped out on the lease, we’d have to clean it up and wait for someone new to rent it to (while making the mortgage payments)-we were sick of it! Luckily Steve and Kim from CashOfferOnHouse.co provide a great service. We didn’t have time to take care of cleaning it up to sell and finding a realtor that does what they say they will do (we have had issues with realtors not performing in the past-but that’s another story), but Steve and Kim had no problem taking it in what was its current condition. They gave us a fair cash offer and closed really fast. All-in-all they really got us out a situation we were tired of dealing with. Can’t recommend them enough!

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    When my ex and I split, we had to settle up on the house. We both wanted a clean split and didn’t want the long term problem of marketing a house for sale and neither of us could afford to buy each other out. There would just be too many decisions to make together and we wanted to start fresh and not be bogged down by the past. Thoughts of dealing with him to decide on sale price, do we make repairs or not-who pays, do we accept the buyer’s offer price, etc, etc??? So I was lucky enough to come across Steve and Kim from CashOfferOnHouse.co—boy what a relief it was! They handled everything and made it a worry free transaction! I didn’t have to deal with my ex at all! Steve and Kim did all the communicating and were very professional and courteous to work with. I don’t ever plan to be in this position again, but I would definitely use them if I need to sell a house quickly!!