Southern Realty Partners strives to be a real estate company that is set apart from the rest, embracing the many changes within the real estate market. One of the biggest changes that we have seen is the increase in third party search databases available at the consumer’s fingertips. Zillow is one of the largest influencers within real estate search databases, and has truly made an impact on how consumers buy and sell homes.
Zillow is a great platform for consumers to begin the process of either buying or selling a home. A few of the reasons we love Zillow are:
• Ease of use
• Starts the conversation of home values
• Easily accessible
• Helps narrow down search criteria before contacting an agent
While Zillow has many great benefits to you, it is important to consider the following:
• “Zestimates” can at times be inaccurate causing the value of a home to seem higher or lower than the actual market driven value
• Listings can be inaccurately portrayed due to a delay in real time market updates
While we love that our clients have a tool to better the home buying or selling experience, it is always best to work with an agent that has a complete understanding of the market where your home is located.
Here are some articles that we found interesting to further discuss third party search databases.
LA Times – “Inaccurate Zillow ‘Zestimates’ a source of conflict over home prices”
Maximum Exposure Real Estate – “Are Zillows Home Value Estimates Accurate”
If you would like to start the conversation of buying or selling your home, we would love to talk to you! Contact us at 615-431-8787 today!