Do you have a home and want to know how much does it worth in this era? If the answer to the question is yes, then you might want to read this entire article. Please read it well and read it slowly if you find any difficulties.
There are some sites that you can find online to help you on checking the values of your home. One of the best is known as Zillow. Zillow is one of the biggest and top sites that can monitor the value of your home. You can say this is the best option you can try. Zillow is such an easy site to use. To check the values of your home, Zillow has a thing called Zestimate. What is Zestimate?
Zestimate is the market value for a home estimated by Zillow. This tool works by using the proprietary formula. This one is such a starting point in determining the value of your home and it is not counted as the official appraisal. Zillow uses the data of the public and the user submitted to calculate Zestimate. To make the Zestimate more accurate, please update the facts of your home.
How does the Zestimate work? The first thing you have to do is to open the official website of Zillow. You will see some menus that placed at the top of the homepage. Those are “Buy”, “Rent”, “Sell”, “Mortgage”, “Agent finder”, Home design”, and “More”. Drag your cursor to the “Sell” one. When you put the cursor to this menu, there will be some sub menus shown. Please focus your eyes into the “Selling tools” and click “See your home’s Zestimate”. Once you clicked the menu, you will be directed to the page to estimate your belonging. Please enter your home address in the search bar and then press the blue “Get started” button to see how much is your home worth.
Is Zestimate accurate? How accurate it is? The accuracy depends on some things such as the location and the availability of data in a certain place. It is stated that several counties have detailed information on homes, including the number of bedrooms, bathrooms, the square footage, and so on. If the data is more available, the value of Zestimate will be more accurate. It is also stated that the accuracy of Zillow has the median error rate of 4.6%. This sentence means that half of the values of home in the surrounding areas are closer than the error percentage. Zestimate is not the only method to check the value of your home. Apparently, there are the other ways to find out the value of your home. As stated on the official website of Zillow, you can compare your home to recently sold properties to know what your home is worth. Another way is to get a help from the agent of the real estate or appraiser that will physically inspect the home and take into account special features, location, and market conditions.