Why You Should Never Let A Website Tell You Your Home’s Value
Posted by Cary W Porter on
When "CBS This Morning" co-host Norah O'Donnell asked the chief executive of Zillow recently about the accuracy of the website's automated property value estimates — known as Zestimates — she touched on one of the most sensitive perception gaps in American real estate...
Picture this…There’s an inexperienced real estate agent in your town.
- He hasn’t sold any homes yet.
- He wants to drum up some business.
- So, he climbs up onto your roof and paints what he estimates to be the value of your home.
- He feels like this could be a win-win:
- YOU get to know the value of your house, so he was helpful to you, without even having to meet with him…
- … and HE gets to show you how that he knows his stuff. Hopefully you’ll turn to him for help…
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