How is your estimate different from a Zestimate and other online services?
We're humans so our home value reports are all researched thoroughly and made possible by years of experience and local expertise. Online estimates from Zillow, OpenDoor, Redfin, or any online home evaluator using an algorithm is not a valid replacement for a comparative market analysis from a real estate agent.
"We encourage buyers, sellers, and homeowners to supplement Zillow's information by doing other research such as getting a comparative market analysis (CMA) from a real estate agent"
- Zillow.com
Unfortunately, estimates from these sites are often inaccurate, and the value of inaccuracy is pretty compelling. According to Zillow.com, their Zestimates are based on an algorithm that is pretty complicated to understand, even for us real estate agents. We understand the importance of comparing homes in the same area, but we also know how many other factors can increase/decrease that number that are not included in the "algorithm."