Welcome to ValuNation’s Valuation Tip of the Day! In this episode, Charlie Johnson tackles a common misconception in real estate: the reliability of Zillow’s Zestimate. 🏡💸 Today’s tip: ⚠️ Don’t over-rely on automated valuations like Zestimates. They’re a popular starting point, but they’re not true appraisals. These AVMs (automated valuation models) pull from public data—but they often miss crucial market details like home condition, neighborhood demand, and recent sales trends. In volatile markets, Zestimates can be off by 5–10%, according to Zillow itself. 🔍 Example: A home in Atlanta valued at $400K might show a Zestimate of $420K, completely missing a local price dip. Takeaways: ✅ Buyers: Use Zestimates as a rough guide—then check comps or get a professional opinion. ✅ Mortgage professionals: Educate your clients. Lenders require accurate appraisals or BPOs (Broker Price Opinions), not algorithmic guesses. 🎧 Subscribe to the ValuNation podcast for more quick, expert-backed insights into U.S. property valuation. 📍 Learn more about BPOs and other valuation solutions at: https://www.nationwideamc.com

Ver todos los episodios