Why Zillow's Zestimate is not the King of Value
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Your actual San Diego home value
It's easy to cruise the user friendly websites of Zillow and Redfin searching for homes and reviewing "Zestimates" on Zillow for home values. However, consumer be warned, Zestimates pull from the deed recordings in a demographic area which can include refinances and transfers between family members. They do not take into account upgrades or the condition of the home. We often determine, once compared to actual closed sales on the multiple listing service, the values are too high or low (Taufen, Inman News 2017).
So basically, it still takes a real human to research, review and compare homes sales to estimate your home value. Some questions to ask yourself and consult with a listing agent:
- Do you want the best information available on pricing your home and when to place it on the market?
- What would you like to see in a marketing plan to sell your home?
- What is your time frame for selling your home?
- Do you need to sell your home before purchasing another?
- Is your house ready for the market? Upgrades, cleanliness, curb appeal.
Is it the right time to sell?
This question comes up a lot on both sides. Is it the right time to sell? Is it the right time to buy? In short, yes. It's always the right time if you're ready to buy or sell. As cliche as the answer, San Diego has consistently increased in value over the years and rebounded from down markets. There are no guarantees for the perfect buyer or the ideal seller. This is life. It gets messy and hard and really complicated sometimes. This is a major sell or purchase. It's personal.
What's the best time to sell a San Diego home?
According to Zillow, in San Diego it's April 1-15th. Their research shows, you are more likely to receive a 1.3% increase in sales price. The chart below outlines the research data. (Inman News, 2017. Zillow Data). Click here for full article.
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