Tuesday, November 21, 2006

TO ZILLOW OR NOT TO ZILLOW?

Many of you have mentioned that you have seen your home estimated on Zillow.com. At first glance, it appears to be a really useful service. The Zestimate can be very exciting when you see what Zillow estimates your property at. However, if you view the details, you will see that there is a range of value plus or minus 10%. Recently, Zillow has come under fire from the National Community Reinvestment Coalition stating that Zillow's estimates are less than 30% accurate.

To see this story, click the link below:
http://releases.usnewswire.com/printing.asp?id=75104

The problem with websites providing estimates of homes is that it is near impossible to factor in all the variables relating to each unique geographic area to come to a truly accurate estimate. Marco Island has plenty of unique variables to take into account. Therefore, we, as Realtors, must use objective, as well as subjective, reasoning to come to a conclusion on the market value of a property. However, the real determining factor in pricing a property still comes down to WHAT THE BUYERS ARE WILLING TO PAY?

So, if your looking to get an estimate on your home, your first call should be to a local Realtor. We are equipped with the knowledge to price your home effectively by considering ALL the variables in our unique market. We are here to help!

For your FREE, NO OBLIGATION home market evaluation,
click: How much is your home worth?

or call

Joseph A. Bartos, P.A.
Amerivest Realty
(239) 404-5068
Honest Answers, Outstanding Service

Get more information on:
Marco Island Real Estate or Naples Real Estate

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