In the real estate industry, figuring out the value of a home in the current market for a particular area can be very difficult. There are lots of factors to consider, and a variety of online tools exist that you should scrutinize carefully. Not all online tools perform equally accurate analysis. But the information they provide can be critical for both home buyers and sellers.
Our realtors at Your Home Sold Guaranteed Realty - The Salas Team know the importance of this information as well as the easiest ways to determine if the information you have received can be trusted. For instance, Zillow home values in Pflugerville will need to be examined carefully to make sure that they are accurate and reflect the current real estate market in the area. We will assist you in checking accuracy and understanding the value in professional appraisals versus online home valuation tools.
Everything You Need to Know about the Zillow Zestimate?
As a starting point, we will define what the Zillow Zestimate is and the ways in which it works. Basically, it is a home valuation tool which uses a proprietary algorithm to provide users with an estimated market value for a property. Our realtors would not consider this to be a professional appraisal by any means, but it is definitely a place to begin your real estate journey.
Factors Considered by the Zillow Zestimate
The Zillow Zestimate uses a variety of different factors in order to determine home worth in a particular area. When working to get Zillow home values in Pflugerville, consider these:
- 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
Because of these factors being included, anyone looking to buy or sell a home in the Pflugerville real estate market can rest assured that they will have received good information about the value of homes in the region.
How Accurate Is the Zillow Zestimate?
One of the most important aspects of a home valuation is its accuracy. Can you trust the information from such online sources as Zillow as reliable and accurate?
For the Zillow Zestimate, accuracy can be a problem because of the fact that it is an algorithm which does not have the same personal touch as an experienced realtor. 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 Pflugerville Higher or Lower Than Home Sale Prices?
Depending on the resources you use to determine home value, Zillow home values in Pflugerville may vary from the real sale prices. Zillow reports that home values are down 4.7% over the last year to $418,540, but Redfin reports that home prices were down 14.5% compared to the same period at a median price of $415,000. Both sites report similar prices but the decrease percentages are quite different.
If you are looking to improve the Zillow Zestimate, be sure 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.
Our Realtors Will Get You the Most Accurate Zillow Home Values in Pflugerville
Whenever you are ready to jump into the real estate market in Pflugerville, be sure you have the most accurate information available to you through as many outlets as possible. This can include Zillow home values in Pflugerville. At Your Home Sold Guaranteed Realty - The Salas Team, we are happy to help you determine the accuracy of the information you have found through online sources and provide you with our professional analysis.
We are completely committed to assisting you in achieving your real estate goals by offering you the resources, tools, and information you need. Our team wants you to have the most stress-free real estate experience, and we can also help you take advantage of the information gleaned from the Zillow home values in Pflugerville. For more information, 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!