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“What is My Home Worth?”

Many homeowners often ask this question, “What is My Home Worth?”

As a homeowner, be careful of using certain websites to find the value of your home.

Websites such as Zillow are useful but do not always reveal accurate information. In a recent LA Times article, Zillow CEO Spencer Rascoff admits that nationwide Zestimates (estimates from Zillow) have a “median error rate” of about 8%. This 8% can make a big difference for many homes in San Gabriel Valley. Plus, there are many sales that show Zillow actually has an error of more than 8%.

If you would like to know the value of your home, contacting an experienced realtor or an appraiser would be a better option.

Please contact Joan for a free home evaluation at (213) 675-3289 or email her at Joan.Bang@dilbeck.com.

Source: LA Times Article

http://www.latimes.com/business/realestate/la-fi-harney-20150208-story.html

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Joan Bang, GRI
Real Estate Consultant
Dre# 01747112
Cell: (213) 675-3289
Joan.Bang@dilbeck.com

Dilbeck Realtors
1499 Huntington Drive #100
South Pasadena, CA 91030
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