I often talk to people who know what a house is worth because of the "Zillow Zestimate". I giggle inside and and explain that Realtor's love/use Zillow to determine a home value as much as Doctor's love/use Web MD to diagnose a patient.
Here is the low down on the accuracy of the Zestimate! Utah is a non disclosure state. This means when a home is sold, the sales price IS NOT public knowledge. Zillow can guess as to what the home sold for, but they do not know for sure. A home could have sold for less than the price it was listed at and often times will sell for more (thanks to multiple offers, or rolling closing costs on top).
As an active Realtor, I contribute to the Realtor Political Action Committee (RPAC), to help keep Utah a non disclosure state! We work hard to protect private property owner rights and this includes keep property taxes low and fighting the idea of state transfer taxes on home sales. Keeping Utah a non disclosure state is an essential part of protecting homeowner rights!
Next time you are curious as to a homes value, based on RECENT sold comparables, just ask! I would be happy to send you a market analysis, anytime!!
Committed to Taking Care of and Educating Clients and Friends,
Jessica
801-518-1806
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