How accurate is the \u201cZestimate\u201d on your Tulsa home?<\/p>\n\n\n\n
To find out the value of their home, most people go to Zillow, type in their address, and check their Zestimate.<\/p>\n\n\n\n
But is that number accurate?<\/p>\n\n\n\n
In most cases, according to Zillow, the Zestimate will fall within 10% of the real value of the home (a home with a $250,000 Zestimate, then, could actually be worth $225,000 or $275,000).<\/p>\n\n\n\n
However, Investopedia points out that, \u201cZestimates are only as accurate as the data behind them, so if the number of bedrooms or bathrooms in a home, its square footage, or its lot size are inaccurate on Zillow, the Zestimate will be off.\u201d<\/p>\n\n\n\n
So while Zillow is a good starting place, it\u2019s not an end-all answer.<\/p>\n\n\n\n
Be sure to also consider\u2026<\/p>\n\n\n\n
Repairs<\/strong> \u2014 If the home is in disrepair, that\u2019s going to lower its value.<\/p>\n\n\n\n Updates<\/strong> \u2014 If the home needs a lot of updates to make it more modern, that\u2019s going to lower its value.<\/p>\n\n\n\n Cleanliness<\/strong> \u2014 If the home is dirty and cluttered, buyers won\u2019t be willing to pay as much for the home.<\/p>\n\n\n\n Marketability<\/strong> \u2014 If the home isn\u2019t in the ideal area or price-point for buyers in your area, then it\u2019ll take longer to sell and might sell for less.<\/p>\n\n\n\n