Today, I will discuss Zillow's "Zestimates." When it comes to Zillow, it's important to take a step back and consider what information is gathered to make a "Zestimate."
Zillow says that their estimates are accurate by 20% give or take. If your home has a "Zestimate" of $300,000, Zillow is claiming it's accurate from $240,000 to $360,000, which is clearly a span of $120,000. Certainly, that is not accurate enough for anyone to make a wise decision when it comes to selling their home.
When you need a home value for today's market, it's very important that you contact a professional real estate agent.
Zillow's estimates are based on recently sold homes and homes on the market in your area. If you dig a little deeper though, you realize that Zillow does not know what is inside your home. They don't know what upgrades you have made, what the layout is, or what a buyer would really feel your home is worth in today's market.
If you have any questions about your home's value, please give me a call or send me an email. I'd love to help you.
There are a lot of different mistakes that you can make when searching for homes in Long Island. Some of these mistakes are obvious and others are not so much.
The first mistake that people often make is that they fail to speak to a lender before they start looking for homes. It's extremely important to figure out what you can afford before you start searching for homes. You should aim for a comfortable monthly payment, and not one that will leave you stretching dollars thin.
You also don't want to look at homes that you cannot afford, and then have your heart broken when you find out that you cannot purchase it.
Another problem is when you hop around from Realtor to Realtor. When you talk to lots of different agents, none of them will really have a solid idea of what you want. I think it's a really good idea to stick with one Realtor and allow them to help you. When you know them on a more personal basis, they can satisfy your needs in a more efficient way.
The last mistake that I see people make is that they're buying homes from a listing agent. A listing agent is working on the behalf of the seller, and will not work to get you the best deal possible. You need to have someone representing you when you buy a home, and a listing agent is not an appropriate person for a buyer.
If you have any questions about these issues, please don't hesitate to contact me. I would be very happy to help you!
