Whether you are planning to buy or sell a home, it is vital that you find out a variety of critical factors throughout the process. One of these pieces of information that everyone in the real estate market should know is the price of homes in the area. For home sellers, this information is essential to make sure that the price they list for their homes is reasonable and fair. Home buyers need to know the prices of homes in order to have clear expectations and know when they see an overpriced listing.
When you work with our team at Your Home Sold Guaranteed Realty - The Salas Team, you can rest assured that finding out the prices of homes in your area will be easy and efficient. We will explain how home values are determined in the current market, and our realtors will make sure you know the difference between professional home appraisals, online home valuation tools such as the Zillow Zestimate, and the accuracy of Zillow home values in Killeen.
One of the most important aspects of buying or selling a house is to know the home values in the region. Home sellers need to know these prices to make sure that they are putting a reasonable asking price in their real estate listing that will also offer a nice profit. On the other hand, home buyers should be familiar with these values to make sure they are not overpaying for a home that they love and know what asking prices to expect.
What Exactly Is the Zillow Zestimate?
To begin, let us define what exactly the Zillow Zestimate is and how it works. It is a home valuation tool which uses a proprietary algorithm to provide users with an estimated market value for a property.
Although it is not considered a professional appraisal, Zillow home values in Killeen are a great place to begin determining home worth so you can work from there. Any information about the real estate market is essential, so do not dismiss the importance of Zillow Zestimates.
The Zillow Zestimate Takes These Factors Into Consideration
There are many important factors you should consider when determining home worth, and the Zillow Zestimate does incorporate lots of them. To get Zillow home values in Killeen, consider the following:
- Essential home details
- Square footage
- Number of bedrooms/bathrooms
- Data from the real estate market
- Listing price
- Descriptions of the homes
- Comparable homes in the area
- Days on the market
- Tax assessments
- Prior sales
- Publicly available records
- Seasonally changing demands
Since these factors are included, home buyers and sellers can rest assured that they will have received a fairly accurate determination of home values.
How Accurate Is the Zillow Zestimate?
Accuracy when it comes to the real estate market is a major concern for every home buyer and home seller because the market is always changing and difficult to pin down. For the Zillow Zestimate, accuracy can be a problem because of the fact that it is an online tool without the personal touch of a real estate professional. Accuracy also depends on the availability of data in a particular geographic area, so larger cities tend to be more accurate than smaller locales.
According to Zillow’s website, the estimates the users receive are generally pretty accurate, and the “median error rate for the Zestimate of U.S. houses on the market is just 1.9 percent” and 6.9% for off-market homes. The specific data will depend on your particular region.
Are Zillow Home Values in Killeen Higher or Lower Than Home Sale Prices?
Recent predictions for Killeen, TX, have shown that there is likely to be an increase in housing prices from 2023 into 2024, ranging from 0.3% to 3.5%. Zillow home values in Killeen and other parts of Texas have shown to have climbed 6.9% over the last year. Right now, Zillow is reporting that the average home value in Killeen is up 8.7% from the year before.
The easiest way to improve the Zillow Zestimate is to include as many details as possible about the property, including renovations, major repairs, and additions. It is also critical that property tax history, sales dates, and the local tax assessor are all updated.
Want the Most Accurate Home Values in Killeen? Our Team Can Help!
Have you decided that now is the time to buy or sell a home? Be sure that you have all of the most valuable information you need, including the data provided to you by Zillow home values in Killeen as well as our real estate professionals at Your Home Sold Guaranteed Realty - The Salas Team. We will give you all of the resources, tools, and information you need to succeed in the real estate market.
Our realtors are committed to helping you achieve your real estate goals and to have the best possible experience when buying or selling a home. We can even explain to you the advantages of Zillow home values in Killeen and why the Zillow Zestimate should not necessarily be dismissed. If you want more information, be sure to give us a call at 855-331-7653 or fill out the form on this page with the requested information to get a detailed response from our realtors.
We can’t wait to hear from you!