Nearly everyone has heard of Zillow the enormous real estate web platform. It offers a home valuation feature derived from various forms of open source data such as county tax records and current homes for sale. Zillow uses large data sets to make automated comparisons of specific home values in order to determine a "Zestimate" for every property. I must give them credit for coming up with such a complicated algorithm.
Zillow is really good at adding features they believe will increase their user base. They do not accurately show the status of all homes for sale in a timely manner. Since they are a national web platform they only synch local housing market data once per day compared to sites like SellingAshburn.com that updates every 15 minutes. I have also noticed Zillow often shows homes for sale when they are in fact under contract and no longer available for purchase. If you are looking for the most timely and accurate local housing market data for Ashburn, Virginia you are definitely in the right place.
Zillow has created a great algorithm to assign a "value" to every property in the United States. The honest truth is Zestimates are not accurate. They do not account for seasonal adjustments, potentially incorrect tax records (this actually happens a lot), high demand neighborhoods like Quail Pond, and truly desirable home features.
If you are interested in knowing how much your home is currently worth in the current real estate market you need to talk with an expert who has a proven history working in the specific market like Jeddie Busch. Make sure to contact me so we can get the conversation started.
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