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If you’re using a Zillow Zestimate to get an accurate home valuation, you may get a skewed result, which could then affect your home’s listing price. While Zillow has historically provided relatively accurate estimates based on the year the home was built, the number of bedrooms, square footage, and other quantitative data, they’ve recently changed their algorithm. Even when Zillow was fairly accurate, it still provided only an estimate as opposed to a true valuation done by an appraiser or Comparative Market Analysis. Here’s how to get an accurate home valuation and why relying on Zillow or similar sites is usually a bad idea. Outstanding client service, experienced business practices, and ingenious marketing strategies are what make our team the most trusted team in the area. 

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What is a Home Valuation?

A home valuation is just a fancy way of saying what the value of your home is. They are used during real estate transactions such as buy-sell or refinances to ensure homeowners or buyers are not overborrowing for a property. The home is used for collateral in a mortgage, and if the borrower defaults on his or her loan, the lender will sell the home to recoup the money lent to buy it. If the home was overvalued and they lent too much, they could lose money. The home valuation ensures they will be able to recoup costs should the mortgage not be paid in full.

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What is a Zillow Zestimate?

A Zillow Zestimate is an automated home valuation tool and is recommended as a starting point when determining the value of your home. It incorporates user-submitted and public data and takes into account home facts, location, and market conditions. Zestimates are done entirely online, and no representative of Zillow will visit your home to perform an appraisal. Banks and lenders do not use Zillow or similar services to estimate property and instead rely on the expertise of a licensed appraiser. A Zestimate can be off by nearly 5% nearly 40% of the time in some markets, which amounts to around $15,000 on a $300,000 home.

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What is the Main Difference Between a Zillow Zestimate and a Valuation Performed by an Agent?

The main difference between the two is that a Zillow Zestimate is simply an algorithm. You punch in data, and a value pops out. There is no actual human involved who views your home, compares it against others on the market, and produces a detailed report. When an agent conducts a valuation, they are actively involved in the process and create a valuation that is personalized and in-depth.

How much is your home worth?

  • Instant property valuation
  • Expert advice
  • Sell for more
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Buyer & Seller
WHAT OUR CLIENTS SAY

Tony went above and beyond his role as our Realtor® to really help my wife and I out during our condo selling process. My wife and I had found a home that we wanted to purchase in another area and needed to sell our condo quickly in order to have all of the dominoes fall into place for our purchase to happen. Luckily, we had Tony on our side to help guide us through the process of preparing our condo for...

— Buyer & Seller

WHAT OUR CLIENTS SAY

Tony was on the ball from the get-go. We chose Tony as our Realtor® as he had represented the seller when we originally bought our condo and we could not be happier with his services when we decided to sell that property this spring. He was very responsive and provided excellent advice and marketing support throughout the whole process. Heck, he did such a great job with the photography, virtual tour, an...

— Buyer & Seller

WHAT OUR CLIENTS SAY

I could never have imagined that selling a property would be so easy. Tony and his team were excellent from start to finish. Their advice and guidance along the way were invaluable, and they went above and beyond in helping me find movers at short notice. The property was staged beautifully, the marketing materials were outstanding and they were creative in how they showcased the property e.g. twilight c...

— Seller

WHAT OUR CLIENTS SAY

I’ve now used Tony to buy and sell several properties and love working with him. When representing you as a seller he goes all out with marketing materials, open houses, and digital promotion the works. And as a buyer, he’s extremely honest and ethical which makes all parties involved feel like it’s a win-win. Also, Tony is a lawyer who provides you, as his client, with an extra layer of protection at no...

— Buyer

WHAT OUR CLIENTS SAY

Eric is an expert in downtown San Jose and the surrounding area. He has special expertise in lofts and condos. Eric’s business is very brisk and he has up-to-the-minute pricing data. I used Eric for both a purchase and a sale. He gave me excellent advice. Selling in Silicon Valley is a bit easier than buying in this market. The home stager he used made my unit look fabulous! I competed with several other...

— Buyer & Seller

WHAT OUR CLIENTS SAY

When we witnessed the amazing and impressive turnout of the open house of our neighbor’s townhouse, we knew who we wanted to hire when we wanted to sell ours, and we did! Eric and his entire staff were so professional, knowledgeable, and a pleasure to work with. Eric was so reassuring as we navigated the entire process from getting ready to sell to moving out. Our townhouse sold within the first week wit...

— Seller

WHAT OUR CLIENTS SAY

Tony was a wonderful agent. From our initial consultation until our final papers were signed he was knowledgeable, friendly, easygoing, and a pleasure to work with. He kept my wife and me in the loop for every detail, and our condo sold for well more than our asking price within 2 days. The hardest part of working with Tony was figuring out which great offer was the best. He’s a good guy trustworthy, and...

— Seller

WHAT OUR CLIENTS SAY

Tony steered us (sellers) through a series of very challenging issues, including repeated buyers’ delays in closing. He was reasonable, firm, solution-oriented, and represented us well. We also appreciated his thorough familiarity with condos in our area, his knowledge of the law, and his deep experience with our building and the downtown San Jose market.

— Seller

WHAT OUR CLIENTS SAY

Eric was very professional, methodical, amicable, and able to successfully sell my unit in San Jose, meeting both my price and timeline requirements. I had previously interviewed a few agents and he was definitely above the rest in terms of knowledge and professionalism. I’d highly recommend working with Eric for any real estate transaction.

— Seller

WHAT OUR CLIENTS SAY

We had a wonderful experience with Eric. He was able to connect us with local contractors to have some updates made before putting our house on the market and overseeing the work being done. He was very responsive and kept us in the loop throughout the process and we would use him again in the future.

— Seller

WHAT OUR CLIENTS SAY

Did several transactions (4 buy, 2 sell, and property management). I had nothing else than great experiences working with Eric and his team. He took the complexity out of any deal, knows the local market like nobody else, and is an honest stand-up guy!

— Buyer & Seller

How is a Valuation Performed?

There are two accurate ways to perform home valuations: with a Comparative Market Analysis and an appraisal. ​​​​​​​Here is how the two differ:

Why is a Valuation Important?

Though getting a valuation in order to sell your home is the most common reason to get a home valuation, it’s not the only one. ​​​​​​​Here are some more situations when a home valuation may be necessary:

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