Can You Trust Zillow’s Home Value Estimates in Placer County?
Posted by Patrick Hake on
If you’ve ever checked your home’s value on Zillow or another online estimator, you may have noticed that their estimates change dramatically once a home is listed for sale. That’s because Automated Valuation Models (AVMs) rely on broad data trends—until an agent sets a price. Then, suddenly, Zillow and other AVMs adjust their numbers to reflect that new data point.
So, how accurate are these online estimates when it comes to predicting the actual sale price of a home in Placer County and the greater Sacramento area? Let’s break it down.
The Problem With AVMs
AVMs like Zillow’s Zestimate use public records, recent sales, and proprietary algorithms to generate an estimate. While they can give a general idea of a home’s value, they often miss…
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