Can You Trust a Zestimate?

Though popular, Zillow and similar real estate websites can’t really provide you the same, accurate information that a Realtor can. Here’s why.

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Are home valuation tools like Zillow’s Zestimate accurate? Can you count on that information when determining how much equity you have, what your home’s value is, and what’s going on in the neighborhood?

We hear questions like these regarding those online tools all the time. The truth is, if you’re just trying to get a general idea of the neighborhood values, a Zestimate might get you close. However, I’ve seen many instances in which Zestimates price a home $50,000 to $100,000 higher or lower than they ought to have per the market.

Zestimates and their like determine the value of your home based on an algorithm that incorporates the information of comparable home sales in the area. It can’t take into account the fact that, say, your community is gated, or if it’s located in a tract that borders another tract; one low sale in a neighboring tract can throw your Zestimate off completely.

Additionally, Zillow can’t analyze what’s inside of your home, so it can’t take into account any upgrades and improvements you’ve done that might affect your value. It also doesn’t factor in the condition of the properties surrounding your home. If your home is a model match for the one next door, but yours has been upgraded where the other hasn’t, the Zestimate won’t be able to see the difference.




Zillow can’t analyze what’s inside of your home, so it can’t take into account any upgrades and improvements you’ve done that might affect your value.


Finally, these online valuation tools won’t consider the amount of inventory in your area. Many markets like ours are lacking in inventory, which causes prices to push in a positive direction, especially for homes with the right upgrades.

If the numbers you get back from the Zestimate seem too good to be true, chances are that the numbers are off. That’s where you reach out to a real estate professional like us. We are more than happy to pull some basic numbers and give you a much more accurate ballpark estimate of your home’s value. We can also come out to your house to take a peek and factor in your current or future upgrades to determine the eventual price your home could get.

If you need assistance from us or have any questions, please feel free to lean on us and make our team your No. 1 resource. We’d be glad to help you.

How to Get the Most From Your Future Home Sale

What can you do to get the most money out of your home when it comes time to sell? Here’s my advice to future home sellers.

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You’re thinking about selling your home in the next two to five years—what should you be doing between now and then to ensure that you get the most value out of your home as possible when it comes time to sell?

We have many ways to approach this problem. We are more than happy to come out to your house and discuss value-adding upgrades and upgrades that will be a poor investment. Having an agent’s help in that area will itself prove invaluable,
since not every home will have same upgrades to boost its worth.

We can also send you our blank home inspection list. If you can start checking projects and repairs off that list sooner than later, it will save you a lot of time and stress when it comes time to list your home.




It’s not a bad idea to get the serious projects taken care of while you have time to space them out.


Additionally, we can connect you with a home inspector if you’d like a pre-inspection. With a pre-inspection, you can find out what things are likely to pop up during the official inspection, which also allows you to address problems before you actually get to the transaction.

If something were to come up during the transaction, you potentially run the risk of holding it up, lowering your net profits, or even cancelling it altogether, depending on what the issue is. Issues with safety and home integrity are going to be the most unattractive features for buyers to see. It’s not a bad idea to get the serious projects taken care of while you have time to space them out.

If you have any questions about value-adding upgrades and getting your home ready for the process of listing, don’t hesitate to reach out to us. We’ll be glad to come out and take a look and create a plan for you to move forward toward your goal of selling your home for the most money possible.

Santa Clarita Valley Market Update for Spring 2018

We have a quick market update for you today. Here is what you should know about the current state of Santa Clarita Valley real estate.

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It is starting to heat up out there in the Santa Clarita Valley. Summer is around the corner, and so is the peak buying season for our real estate market. We haven’t given you a market update in a while, so I wanted to give you a quick update on the latest numbers and where we’re at.

Inventory is something you’ve probably been hearing about a lot. Over the last few years, we have been hovering at very low levels. We are nowhere near where a balanced market should be. Right now, we have 452 active listings on the market to go along with 517 pending sales.

Over the last 30 days, we have had 317 closed home sales. Anything over 300 is a great number. The interesting thing about our inventory is that of the 452 homes, 252 of them have been on the market for less than 30 days. More than half of our inventory is fairly new. At the same time, 96 homes have been on the market for more than 60 days.




We have seen 317 closed home sales over the last 30 days.



Another factor we need to consider is interest rates. Even though they are creeping up, our low inventory and high demand brings a lot of opportunity to the market for buyers, sellers, and investors.

If you want to know more about the market and where we see it heading over the next year, give us a call or send us an email. We watch these things closely and would be happy to chat with you. We look forward to hearing from you soon.