Zillow Update on Zestimates | Sarasota FL Real Estate | David Barr Realtor

I've been saying that Zillow is a problem in the real estate business for years.  There's two reasons for this:

1) They publish inaccurate data, that the public thinks is accurate;

2) They give a platform for online exposure to Realtors who have no idea how to market themselves, so how can they market your home for sale?

A recent article by the Seattle Times on January 20, 2019 (read here), reports that the median Zillow Zestimate has a 4.5 % error rate nationally.   That's $22,500 on a $500,000 home.

Just say no to Zillow

Zillow is not a licensed real estate broker in most states.  It makes it's money from agents who pay to have their head shot on their site, because it gets a lot of traffic.  Zillow does not have to follow real estate law or conform to the Realtor Code of Ethics or MLS listing rules.  If they did, they could not leave off the market or sold properties on their site, to make it appear they have as many listings are Realtor.com.  They also could not mingle FSBO (for sale by owner) data in their statistics, which would further damage the accuracy of home values.

 In short, Zillow is a sham, and I've been saying it for years now.

Don't make a $22,500 mistake.  When you're ready to buy or sell your home in Sarasota, Venice, or Lakewood Ranch, pick a Realtor who knows how to market themselves.  You'll be thrilled how they market your property for sale.

#zillow #zillowsarasota #zillowzestimates #realtor.com #zillowaccuracy #accuracymatters


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