Zillow is a popular website and mobile app in the real estate industry. One of their attractive features is the Zestimate. This feature is an Automated Valuation Model (AVM) that gives an estimate of what a home is worth.
Unfortunately, while their valuation may seem appealing, their accuracy can be poor. In the the State of New Mexico, the Zestimate has a poor 1 out of 5 star rating for accuracy.
This is because their system uses county records to estimate value. Well, if a property owner refinances their home with a balance that is below market value, that figure is recorded and factored into their assessment, lowering the true value of your home.
You should choose a carefully researched market analysis by an experienced Cabezon Realtor®. Since home buyers use Zillow to search for homes, we still include your home on their website and app search. Rely on a trusted local Cabezon real estate brokerage like Syan Real Estate to provide you with genuine researched market data.
From getting pre-qualified for a mortgage to finding the perfect home, we can directly assist you. You can call, text or e-mail us today.