When you’re looking to sell your home, it’s perfectly natural to not know how much your home should sell for. You remember what you bought it for, and you feel like its value should have increased over time, but you’re not sure exactly how much.
A natural place to turn when you’re looking to know how much to list your home for is Zillow, partially because you might use the site to research your next home and because the site has a wealth of information on it.
Yet, you might wonder how accurate the site is when it comes to your area. Take some of the below factors into consideration when you’re looking at Zillow estimates.
The Number of Homes Sold
As Zillow is creating the estimate, you’ll want to look at how many homes have been sold in your area. If Zillow doesn’t have a very large sample size to choose from, then it’ll be more difficult for the estimate to be accurate.
How Recently Homes Have Sold
The more current the home listings are, the more helpful Zillow’s estimate will be. You’ll want to be able to look at several home sales in the last few months. If there are only a couple of home sales, and they’ve taken place over several years, then the listing is less likely to be accurate.
How Similar Are the Other Homes to Yours?
Another factor that you’ll want to consider is if the other homes are similar in size, age, renovation, land amount, and location to yours. If the other homes that have sold recently aren’t like yours, then the Zillow estimate won’t be as relevant to you.
With all of that being said, although Zillow is a great resource to use, make sure that it is not the only thing you rely on when determining the value of your home. You may want to have an appraiser come look at your house to see how much it is truly worth so that you know how much you should sell it for.
Get an Honest Opinion from Enlight Homebuyers
If you need help determining the value of your home, call Enlight Homebuyers at 317-333-7011 today! We are happy to help you and will give you an honest opinion on whether or not we think selling your house for cash is the best option for you.