Why Zillow Probably Values Your Home Wrong!Posted by Larry Tollen on
It's a question we hear on a regular basis, "We love your site but we were hoping you could get a "free online valuation. Why don't you offer this on your site?"
My NC Homes has reviewed a dozen or more of them, trying to find one we felt good about offering our clients/customers. The truth is we haven't found a single one that we felt was worth putting on our site. They're all flawed for the same reason; they calculate your home's value using a number of false assumptions. The first is that all lots within a neighborhood are the same. They don't know whether your lot backs to a beautiful glade or a powerline, whether it's level, hilly, a corner lot, backs to a highway or is positively (or negatively) impacted by adjoining properties. Next they…
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