Home Valuation

Why Knowing The Value Of Your Home Is Important-And Why A Zillow Zestimate Is Not An Accurate Tool.

If you’re using a Zillow Zestimate to get an accurate home valuation, you may get a skewed result, which could then affect your home’s listing price. While Zillow has historically provided relatively accurate estimates based on the year the home was built, the number of bedrooms, square footage, and other quantitative data, they’ve recently changed their algorithm. Even when Zillow was fairly accurate, it still provided only an estimate as opposed to a true valuation done by an appraiser or Comparative Market Analysis. Here’s how to get an accurate home valuation and why relying on Zillow or similar sites is usually a bad idea. Outstanding client service, experienced business practices, and ingenious marketing strategies are what make our team the most trusted team in the area.Outstanding client service, experienced business practices, and ingenious marketing strategies is what makes our team the most trusted team in the area.

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What is a Home Valuation?

A home valuation is just a fancy way of saying what the value of your home is. They are used during real estate transactions such as buy-sell or refinances to ensure homeowners or buyers are not overborrowing for a property. The home is used for collateral in a mortgage, and if the borrower defaults on his or her loan, the lender will sell the home to recoup the money lent to buy it. If the home was overvalued and they lent too much, they could lose money. The home valuation ensures they will be able to recoup costs should the mortgage not be paid in full.

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What is a Zillow Zestimate?

A Zillow Zestimate is an automated home valuation tool and is recommended as a starting point when determining the value of your home. It incorporates user-submitted and public data and takes into account home facts, location, and market conditions. Zestimates are done entirely online, and no representative of Zillow will visit your home to perform an appraisal. Banks and lenders do not use Zillow or similar services to estimate property and instead rely on the expertise of a licensed appraiser. A Zestimate can be off by nearly 5% nearly 40% of the time in some markets, which amounts to around $15,000 on a $300,000 home.

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What is the Main Difference Between a Zillow Zestimate and a Valuation Performed by an Agent?

The main difference between the two is that a Zillow Zestimate is simply an algorithm. You punch in data, and a value pops out. There is no actual human involved who views your home, compares it against others on the market, and produces a detailed report. When an agent conducts a valuation, they are actively involved in the process and create a valuation that is personalized and in-depth.

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Liez A.

Liez A.

I had a great experience working with Suzi Trinidad. She knew what we were looking for and we're enjoying our new house now! She made the process run smoothly, especially as a first-time homebuyer.
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Seller

Suzi was amazing in helping us sell our cabin in Big Bear. A resort area sale is difficult but she worked extremely hard and brought us a great buyer and offer for our beloved vacation home. Can’t say enough about her work ethi...
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Rodriguez

Rodriguez

Suzi is awesome! She helped my family the perfect home. She showed us many homes until we found the right one. Suzi also worked around my husband's work schedule to show houses, also phone skills are great for answering and ret...
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Manuel R.

Manuel R.

The sweetest person I’ve ever met! Fast on her feet and reflexes of a lioness when it comes to business! Not did she represent me as a buyer but as a seller also! Highly recommend her as a REALTOR and as a great friend! Thank y...
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Sanchez

Sanchez

Suzi took care of us like we were family, she look out for our best interests. It's my first time buying a home and I thank god that he sent Suzi my way. Suzi made me feel so comfortable and she put my mind at ease. I just want...
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Buyer

Buyer

As first-time home buyers, Suzi was amazing in helping us understand the process every step of the way. Showing up properties listening to our needs and wants. Even calming me down when I got buyers' cold feet. She’s not only o...
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Cari H.

Cari H.

Suzi is really on the ball, and she has lots of patience with difficult clients like me, who drag their feet on things like DocuSign and stuff. And she keeps abreast with current home values, so you can be assured your home for...
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Buyer | Seller

Buyer | Seller

Suzi has been a blessing to our family. She is honest and hardworking and will find a way to make your dreams come true with her awesome team. Suzi makes you feel like family with her personality and character. We Love Suzi and...
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Glen

Glen

We have been working with Suzi for the last 3 years. We were very picky with what we wanted for a home and she always understood. Suzi was very patient with us and would always make time to show us homes. I loved working with h...
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Mark Q.

Mark Q.

Suzi sold our home. We were concerned we couldn't get what we wanted for it but she priced it right because we got multiple offers over the asking price. She advised us on which offers could be strong and which ones could have ...
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Melissa T.

Melissa T.

Working with Suzi has been wonderful. Buying a home is a very exciting and stressful journey and Suzi has been there every step of the way. Weekends looking at houses, lots of texts, lots of calls, lots of paperwork! At every t...
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Alia J.

Alia J.

Suzi Trinidad is an amazing real estate agent and broker, she found us our dream home, and she sold our house at the right time, she was so helpful in every detail and very patient with me, my husband, and my girls, she's very ...
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Edgar L.

Edgar L.

Suzi Trinidad is superb in everything related to real estate. She provided comparables related to the concerns about my targeted property, explained issues related to the title I did not fully understand and was amazingly patie...
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Taygun

Taygun

My interaction with Suzi has been amazing. She has not only rented out my investment property twice, in a very short period for the list price but has also been very accommodating in every way possible helping me manage the pro...
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Buyer

Buyer

Suzi is an amazing agent! She is very knowledgeable about the different areas that I was interested in. I was a first-time home buyer and she helped me find the loan that was best for my situation. She was patient and prompt wh...
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Jeanette B.

Jeanette B.

In May 2017 my husband did a little research on the internet and found Suzi. My DH contacted her and she immediately began setting us up with open houses and appointments. Suzi is very responsive and knowledgeable. We feel that...
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Seller

Seller

Looking to sell your home, Suzi Trinidad is the agent for you. She is open and honest. We listed our house higher than the neighborhood comp, yet we ultimately got out of the house what we wanted. She initially had an open hous...
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Ro J.

Ro J.

Suzi Trinidad is awesome, she went above and beyond to find the home that suited all our needs. . Suzi helped me and my family get into the house we were looking for. She worked very quickly and got us moved in less than a mont...
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Jackie M.

Jackie M.

Suzi Trinidad is a great Real Estate Agent. She is very knowledgeable about the Real Estate Market. She will negotiate the best price for your property and help you thoroughly understand the local Real Estate Market. With her e...
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Bertha B.

Bertha B.

My daughter referred Suzi Trinidad to me for the sale of my home. I met Suzi while she was helping my daughter and her husband find their home. Suzi found a beautiful place for them to call home. When the time came to sell my o...
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How is a Valuation Performed?

There are two accurate ways to perform home valuations: with a Comparative Market Analysis and an appraisal. ​​​​​​​Here is how the two differ:

Why is a Valuation Important?

Though getting a valuation in order to sell your home is the most common reason to get a home valuation, it’s not the only one. ​​​​​​​Here are some more situations when a home valuation may be necessary:

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