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