The Right Frame Of Mind

Zillow.com can be a great, informal tool for those looking to get a rough idea of a home value home value and for real estate agents or prospective home buyers with the right frame of mind, it can aid in the real estate transaction process. Real estate agents should utilize listings on the service most often for homes that are in areas Zillow is good at producing accurate estimates for. This can all be searched on before ever putting up a listing, so doing a little bit of homework on Zillow’s estimating ability for a particular piece of real estate can clear up a decision on whether to use the service or not.

For prospective buyers, it is a good practice to take everything the site says with a grain of salt. Zillow estimates its margin of error at 7.4 percent and for homes in the hundreds of thousands of dollars that can be a big fluctuation. A simple search through Zillow should be looked at only as a rough look at the potential values for homes for sale for sale in a particular area and as a precursor to a more complete search by a real estate agent familiar with the various neighborhoods you might be looking at.

Related Links:

• Our Zillow Profile

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