Zillow is the #1 real estate Website based on the number of online visitors. But did you know that their home value “Zestimates” are often WAY Off?
In fact, the CEO of Zillow recently sold his Own Home in Seattle for 40% LESS than the ZESTIMATE!
Per Inman News, “On February 29th, 2016 Spencer Rascoff sold a Seattle home for $1.05 million, 40 percent less than the Zestimate of $1.6 million shown on Zillow.”
Planning to SELL Your HOME in the next 90 days? If so, click on the link below to get a ZACTIMATE Today!
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Then in April 2016 Zillow CEO Overpaid for His NEW Brentwood Home (by more than $1 million), according to the Zestimate!
Seattle-based Zillow CEO Spencer Rascoff purchased of one of the most expensive homes sold in Los Angeles during the first half of 2016. In late April, Raskoff purchased a six-bedroom, nine-bathroom Brentwood estate for nearly $20 million. Zillow’s value for the 12,732-square-foot property was drastically less: $18.4 million.
Images via The Agency
Zillow actually has a disclaimer on their website where you can see exactly how INACCURATE they are. They just make it hard to find.
Based on information in Zillow's own Data Coverage and Zestimate Accuracy Table for Los Angeles-Long Beach-Anaheim, CA - A full 10.7% of Zestimates are not even within 20% of the Sales Price!!! And only 75.8% of Zestimates are within 10% of the sales price
As a Full-Time WESTSIDE REALTOR Since 1999, I have the Knowledge and Experience to tell you What your HOME is REALLY WORTH!
Thinking about selling in the next 90 Days? Click below to find out how much your home is worth.
Find the value of your home in the Los Angeles area real estate market. J.D. Songstad will...
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