Why does Zillow say my home is worth so much?
Did you know that Utah is a "non-disclosure state"? What does that mean? It means that sale prices of homes in Utah are not public information. Accurate sold values play a key role in determining what your home is worth. California IS a disclosure state, so sold prices are public information. In California, Zillow uses this information to assess home value with some accuracy. Zillow does not have access to sales prices in Utah, which is why Zillow's home value assessments are much less accurate in our local market. We see Zillow's home assessments come in as much as 20% lower than actual market value, over 20% higher than actual market value, and occasionally, but rarely, Zillow estimates comes in at market value. Unless you have up-to-date accurate data, there's no way to tell if Zillow is assessing your home value accurately.
We receive questions about Zillow market assessments on a regular basis. So don't worry, you're not the first to ask. If you would like to know what the market really says your home is worth then contact us. As Realtors, we have access to the most up-to-date sold comparables along the Wasatch Front, which will help us determine your home's real market value.
We receive questions about Zillow market assessments on a regular basis. So don't worry, you're not the first to ask. If you would like to know what the market really says your home is worth then contact us. As Realtors, we have access to the most up-to-date sold comparables along the Wasatch Front, which will help us determine your home's real market value.
