Posts from June 2018
Galbreath Real Estate Blog
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Uncategorized | 14 Posts
June
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Don't check your home's value without reading this first
People throughout the United States have begun relying on "Zestimates" as their one and only source for getting their home's current value. Sadly, as pointed out by the mainstream media below, this information can often be drastically wrong.
In fact, in Ohio, the median error rate is 5.8%. This can absolutely raise some eyebrows when people go to enter in their home's information for an automated home valuation.
LA Times, mentions that in San Francisco, California the median home value is near $1,008,000. With "Zestimates" being inaccurate at a rate of 11.6% this equates to about $117,000. This number alone...