Can I Trust My Zestimate?

For those who spend time on the net, you no doubt have found several sources that promise free estimates of value for your property. House Values is one company that spends lots of ad dollars to drive you to their site to ask for a free estimate. Zillow is another company that made a big market splash as well. The difference between a Zillow and other companies like House Values is that Zillow is fully automated and instantaneous. So the question then is how accurate will your "Zestimate" be. Zillow allows for a 10% margin of error up or down. That's quite a large price gap if you really need accurate pricing for your property. And because no realtor or appraiser actually participates in the process, many of the comparables used are not truly comparables. Companies like House Values do a little better because they do submit your request to a licensed real estate agent to provide comparable sales data. The problem with these type companies is that agents pay a subscription fee to receive leads (that's what you are once you request a free estimate). The agent that you get assigned to may not even have any experience in the area where your property is located, and they teach their agents to give you a really wide price range so that you have to request a more in depth analysis in order to get the information you need. That way they hope to get an appointment, and you as a client. Is there a better way to get a free estimate of value that is accurate and dependable? The best way to be sure your estimate is as accurate as possible would be to develop a relationship with a local realtor familiar with your area. Most reputable agents are always willing to assist you with an estimate of value at no charge and to consult with you regarding any real estate related matters. If you are searching for such an agent, please visit my personal website to review my agent profile (http://www.janicespencer.com) or visit my office website to see a roster of our agents along with their website information (http://www.windermeresignaturecollection.com).