Beware of the Zillow 'Zestimate' When Pricing Your Sebring Home




As real estate professionals, we're continually bombarded by the question,"Why does Zillow price my home differently?" So today, we'll look at how Zillow actually determines their home values, and who calculates their Zestimates.
If we go on Zillow's website, this is how they explain it: The Zestimate is created by an automatic software process designed by statisticians, and there is no ability for humans to manually alter the Zestimate for a specific property.
Let's say a home is estimated to be worth $500,000. If the Zestimate is off by 10%, that's a difference of $50,000! If the home is under-priced, you're missing out on tens of thousands of dollars. If your home is overpriced by 10%, it will sit on the market for awhile, and you might have to drop the price, causing buyers to wonder what's wrong with the home.
Remember, Zillow can't take features or upgrades on your property and compare them to other recently closed homes in your area. Doing so gives you a more updated value on your property.
Ultimately, if you want the most accurate price for your home, make an appointment with a real estate professional. We will go over your home and the market data in order to give you the most accurate home value.
If you have any questions, or if you're interested in a home valuation, give us a call or send us an email. We look forward to hearing from you!
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Location: Sebring, FL, USA

What's Happening with Sebring Real Estate?





A lot of clients and friends of mine have been asking what type of real estate market we're currently seeing. They always want to know whether or not it's a buyer's market or a seller's market.
When they ask me this I always tell them that we're transitioning into a seller's market. Due to record lows in inventory and less distressed properties on the market, this is allowing more sellers to enter the market and get higher sales prices.
However, this increase in sale prices and home values will eventually level off. This means that if you're thinking of selling, now is the time to do so.
If you're thinking of buying in this market, I would recommend getting ready to buy as soon as possible. Mortgage rates are currently sitting at 3.5%, which is lower than they were 12 months ago. Your buying power is very high right now, so I would not want to miss out on this opportunity unless you enjoy spending thousands of extra dollars in interest.
Overall, this is a great time to enter the real estate market. If you're buying, just remember to be patient with the lower amounts of inventory. I promise you'll find a suitable home, especially if you work with my team.
As always, please don't hesitate to reach out to me if you have any questions or concerns!
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Location: Sebring, FL, USA
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