We use cookies to enhance your browsing experience and deliver our services. By continuing to visit this site, you agree to our use of cookies.More info
Beach Properties Real Estate Group, LLCBeach Properties Real Estate Group, LLC
  • Buy
  • Sell
  • About Us
  • Arazzo
Contact Us

About

  • Our Blog
  • Our Services
  • Our Marketing
  • Client Testimonials
  • Arazzo

Services

    113 Monument Ave., Port St. Joe, FL 32456

    • 850-227-2500
    • [email protected]

    Why are they Hiding Important Information that could Cost you Thousands?

    Knowing the average inaccuracy of the Zestimates in your area can greatly impact your decision on whether or not to trust...

    • undefined undefined
    • January 24th, 2018
    • 3 min read
    Featured Image

    Knowing the average inaccuracy of the Zestimates in your area can greatly impact your decision on whether or not to trust that number. People have become so accustomed to trusting online home valuations because they don't know where else to go. 

    According to a recent case, the company’s controversial “Zestimate” tool repeatedly undervalued a woman's home, making her home sell slower than she would like.  This is not the only case of this type of inaccuracy happening. Read more about what this woman had to say about "Zestimates" here: 

    Zillow faces lawsuit over ‘Zestimate’ tool that calculates a house’s worth

    Should obtain “the consent of the homeowner” before posting them online for everyone to see...

    Read More

    So why is this woman's case important? A number as small as 10% inaccuracy works out to be $100,000.  This isn't a small sum we are talking about here, it's a $100,000 difference in your largest financial asset. As you can see below the averages across the country are spread out amount 4% to as high as 7.3% in Tennessee. This information could be the deciding factor between selling your home or waiting.

    Zillow doesn't make it easy to track down "Zestimates" on their website. Sure you can easily get a "Zestimate" by clicking the box right in the middle of the home screen, but what if you had a question or wanted to learn more. This is where it gets tricky. 

    One statistic that is overlooked by many homeowners is that the accuracy of the Zestimates in their specific area can be drastically different than the national average. 

    When you visit Zillow.com ALL the way at the bottom is the small tab "Zestimates". Here you will find a bunch of FAQs about Zestimates and hyperlocal information that you've probably never seen before

    Most recently Zillow has placed themselves in the news leaning on outside data scientists, engineers and visionaries to help out with their Zestimate Algorithm.

    Zillow Prize will award $1M for improving Zestimate

    Read More

    This is a big red flag. Not only does this tell the public that Zillow is unhappy with how their Zestimate Home Value tool performs, but that they believe other teams can do a better job then they can.

    At the moment, Zillow has announced that they are rewarding a team $1,000,000 for drastically improving the Zestimate.

    As a proud member of the Port St. Joe community who actually lives here, works here and sells homes here, I would be happy to send you a free report of exactly what your home is worth. 

    Technology is awesome, but when it comes to the value of your largest financial asset, the accuracy of your home's value matters. 

    Learn More:

    Get Your Port St. Joe Home’s Value

    (From a human) The accuracy of your home's value matters

    Read More

    Don’t Check your Port St. Joe Home’s Value without Reading this First

    See what major publications have to say about Zestimates

    Read More

     

    About the author

    undefined undefined

    Similar posts like this

    Blog

    Charter Boats in the Cape San Blas, Mexico Beach and Port St. Joe Areas

    Photo from the Port St. Joe Marina The areas around Port St. Joe, Cape San Blas, Indian Pass, Windmark, St. Joe Beach,...

    Read more
    Blog

    5 Key Features That Increase Your Home's Value

    Ask anyone the first rule of real estate and they’ll likely respond, “location, location, location.” Why is that? Location...

    Read more
    Blog

    The Features That Sell a Home in 2023

    What sells a house in 2023? As years change and trends come and go with evolving lifestyles, buyer priorities also fluctuate....

    Read more
    Beach Properties Real Estate Group, LLC

    “Committed to Your Success!”

    113 Monument Ave., Port St. Joe, FL 32456

    113 Monument Ave., Port St. Joe, FL 32456

    850-227-2500
    [email protected]

    Live The Beach Life

    • Search for Homes
    • Meet the Team
    • Client Success Stories
    • Get Your Home's Value
    • Read Our Blog
    • The Buyer Experience
    • Our Marketing Strategy
    • Schedule a Call
    • Mortgage Calculator
    • Port Saint Joe, FL Real Estate
    • Cape San Blas, FL Real Estate
    • Read Our Blog
    Join Our Email List:

    *We respect your inbox. We only send interesting and relevant emails.

    © 2025

    Privacy Policy
    Powered by