#One Team

[mrsafc86]

Big day for the Arsenal

Cunti cup for the girls

The boys against City for the title race

LFG Gunners 💪🏻💪🏻❤️🤍

[pernillecfcw]

This is so cute 🥹

[sunbentshadows]

So, about that outage, huh

[dweebspace]

"You can't be a lurker on tumblr." Yes, you absolutely can. I've been quietly reblogging things since 2014 and I haven't interacted with anyone in years.

[oneteamrealestateagents]

Is Zillow Accurate? Evaluating the Reliability of Zestimates

How Does Zillow Calculate Its Zestimates?

Zillow uses a proprietary algorithm to determine a home’s estimated value based on public data. This includes:

Tax records: Historical property tax assessments and sale prices.

Comparable home sales: Recent sales of similar homes in the area.

Market trends: Broader real estate market conditions, including current listings and local price trends.

Zillow updates its estimates regularly to reflect changes in the housing market, but the underlying formula remains an automated system. For homes currently on the market, Zillow claims that Zestimates are accurate within 10% of the final sale price about 95% of the time.

How Accurate Is Zillow, Really?

While Zillow provides a helpful starting point for understanding a home’s value, the accuracy of its Zestimates can vary significantly based on several factors.

1. On-Market vs. Off-Market Homes

On-Market Homes: Zestimates tend to be more accurate for homes actively listed for sale. Zillow has access to real-time listing prices, buyer demand, and other data that can improve the precision of the estimate. For these homes, Zillow’s national median error rate is around 1.9%.

Off-Market Homes: For homes that are not currently listed, Zillow’s estimates rely on older or incomplete data, which can lead to a higher margin of error. The median error rate for off-market homes is around 6.9%, meaning the Zestimate could be quite different from what the home would actually sell for.

2. Location-Based Accuracy

Zillow’s accuracy also depends on where the property is located. In densely populated areas with a high volume of home sales, Zestimates tend to be more accurate because there is more data available for the algorithm to use. However, in rural areas or slower markets with fewer comparable sales, Zestimates can be less reliable.

3. Unique or Custom Properties

If a home has unique features—such as custom construction, luxury upgrades, or historical significance—Zillow may struggle to provide an accurate estimate. The algorithm works best for homes that closely match others in the area. Unique homes can sometimes be over- or under-valued because they don’t have a large enough pool of comparable properties to draw from.

What Zillow Gets Right

Zillow’s greatest strength is in providing a fast and free way to get a rough estimate of a home’s value. For most homes in typical neighborhoods, Zestimates are reasonably accurate and give homeowners a good idea of what their property is worth. Here are a few advantages of using Zestimates:

Speed and Convenience: You can quickly check the estimated value of any home, anywhere, at any time.

Comparable Sales Data: Zillow offers access to public data on comparable home sales in your area, giving you more context for your home’s value.

Market Monitoring: If you’re watching the market for trends, Zestimates can help track changes in home values over time.

What Zillow Gets Wrong

Despite its benefits, Zillow’s Zestimate tool has its limitations:

Lack of Human Insight: Zestimates are generated by algorithms that rely on data points, but they lack the nuanced understanding of a local real estate agent. Factors like the condition of the home, neighborhood appeal, or recent renovations might not be fully reflected in the estimate.

Outdated Data: For off-market homes, Zestimates may rely on outdated tax records or older sales, which can skew the estimate. If a homeowner has made upgrades that aren’t included in public records, the Zestimate might undervalue the property.

Local Market Nuances: Real estate is highly localized. While Zestimates can provide a general value, they don’t always account for hyper-local factors like a top-rated school district, new development, or shifting neighborhood trends.

Should You Rely on Zillow’s Zestimate?

So, is Zillow accurate enough to rely on when buying or selling a home? While it can provide a good starting point, the Zestimate should not be your only source of information. Here’s what you should consider:

1. Use Zillow as a Reference, Not the Final Word

Zillow’s Zestimate can give you a ballpark figure, but it’s essential to supplement it with other sources of information, such as a professional home appraisal or a Comparative Market Analysis (CMA) from a real estate agent.

2. Consult a Local Real Estate Expert

A real estate agent who knows the local market can offer insights that Zillow can’t. They will consider the current condition of your home, recent neighborhood trends, and other factors that automated tools might overlook. For a more accurate estimate, it’s always best to work with a local professional.

3. Compare with Other Valuation Tools

Other online tools, like Redfin or Realtor.com, also provide home value estimates. By comparing values from multiple platforms, you can get a more comprehensive picture of your home’s worth.

Conclusion: How to Make Zillow Work for You

Zillow’s Zestimates are a great tool for getting a general sense of a home’s value, but they are not always 100% accurate. Use them as a starting point, then gather additional information from other sources before making any real estate decisions.

Work with One Team for the Most Accurate Home Valuation

If you're looking for a precise and personalized home valuation, look no further than One Team. Our experienced real estate professionals have in-depth knowledge of the local market, and we can provide you with a comprehensive valuation that goes beyond what automated tools can offer.

Whether you're buying or selling, we’ll guide you every step of the way to ensure you make informed decisions. For accurate home valuations and expert advice, contact One Team today at (609) 557-3585. We’re here to help you navigate the real estate market with confidence!

[kensatou]

"we know how to move our bodies, but i didn't know how to manage my heart, so you need help for this"

hi we need to talk more about judo gold medallist christa deguchi.

[spielzeugkaiser]

Since I was on the nostalgia train: Another old thing I coloured just for the funsies of it!

[aphel1on]

compilation of dunmeshi images saved to my computer under variations of "FOUND FAMILY REAL":

[starspilli]

batkids game night. they’re playing fortnite

(click for full quality <3 also available as a print!)

[starii-void]

going to chb must be crazy like imagine sharing a camp with

-one of the strongest demigods ever who's saved the world like at least 3 times, fought multiple gods & titans and WON (and is a tartarus survivor)

-the literal main architect of OLYMPUS who's also saved the world multiple times (also tartarus survivor)

-THE lord of the wild who's also close friends with the first two (and has helped save the world multiple times)

-an emo kid from the 1930s who again helped save the world and is also a tartarus survivor (TWICE)

-a son of apollo who survived tartarus with nothing but cargo shorts and sheer will (pun intended)

-the main designer and builder for the argo II, also the first hephaestus kid to have fire powers since hundreds of years ago (did i mention killed gaea? no? yeah he did that too)

-a girl who somehow charmspeak-ed gaea into falling back asleep (also side note daughter of super famous actor because why not)

-pretty much everybody is a two-time war veteran

-THE GOD APOLLO who just sometimes comes down to visit in the form of a teenage boy

-did i mention dionysus, god of wine madness and theatre

-also chiron, trainer of pretty much every greek hero ever

[150en]

Co op harvesting Creaking hearts was the coolest thing ever, it felt like a totally different game.

[mrsafc86]

The boys in the women’s warm up gear

Showing once again we are one Arsenal

[quixoticprince]

So how's playing tf2 again going?

I basically picked up where I left off I suck lol

[imma-dragon53]

You’ve heard of “justice league doesn’t know Batman has kids”

Now prepare for “the Team doesn’t know Batman is Robins dad”

[oneteamrealestateagents]

What Is Zillow’s Zestimate?

Zillow’s Zestimate is an automated tool that estimates a property’s market value based on public data, such as tax assessments, property sale history, and comparable home sales in the area. Zillow uses proprietary algorithms and machine learning to calculate a home's value. For homes that are currently listed for sale, the company claims that Zestimates are within 10% of the actual sale price about 95% of the time.

How Does Zillow Calculate Its Estimates?

Zillow uses several types of data to generate its Zestimates:

Public Records: Tax assessor data, home sale prices, and tax history all contribute to the algorithm.

Market Trends: Current and historical market trends in a specific area or region are considered.

Property Details: Zillow takes into account property size, square footage, lot size, the number of bedrooms and bathrooms, and other home details.

Zillow continuously updates its algorithm to improve accuracy. For homes that are currently listed, the tool factors in the asking price and buyer interest. However, even with advanced data modeling, Zillow’s estimates can sometimes be off the mark—particularly for homes not currently on the market.

How Accurate is Zillow?

The accuracy of Zillow's Zestimates varies by location and market conditions. Zillow itself provides a median error rate of about 1.9% for homes listed on the market and about 6.9% for homes that are not currently listed. These numbers indicate that Zestimates are generally more accurate when a home is actively on the market, as real-time data and current listing prices provide more context for the estimate.

Here’s a closer look at Zillow’s accuracy based on different factors:

1. On-Market vs. Off-Market Homes

On-Market Homes: Zestimates tend to be more accurate for homes actively listed, as Zillow can factor in the current listing price and other real-time data. For these homes, the error rate can be as low as 1.9%, which means the estimate is close to the final sale price most of the time.

Off-Market Homes: For homes not currently on the market, Zillow's Zestimates have a higher error margin, with a national average of 6.9%. This gap can be larger depending on the area and how frequently homes in that region are sold.

2. Regional Variations

The accuracy of Zillow's estimates can vary greatly based on the region. In areas with a high volume of real estate transactions, such as major cities or fast-moving markets, Zillow’s estimates tend to be more reliable because there is more comparable sales data available.

In contrast, rural areas or regions with slower housing markets may have less frequent sales, leading to less data for Zillow to base its estimates on. In these cases, the Zestimate may be less reliable and vary more significantly from a home’s actual market value.

3. Unique Homes

If a home has unique features, such as custom architecture, luxury finishes, or historical significance, Zillow’s estimates are less likely to be accurate. The automated algorithm doesn’t always take into account rare or unique characteristics, as it relies heavily on averages from comparable homes in the area. This can result in under- or over-valuations of these types of properties.

Why Zillow Might Not Be Accurate for Your Home

While Zestimates offer a useful ballpark figure for home values, several factors can limit their accuracy:

Inaccurate or Incomplete Data: Zillow’s estimates are only as good as the data it collects. If the tax records are outdated or incorrect, the Zestimate will reflect that. Homes with recent upgrades that aren't included in public records, such as a remodeled kitchen or a new roof, may also be undervalued.

Local Market Nuances: Real estate is highly localized. Zillow’s algorithm is based on broad trends, but it doesn’t always capture micro-level market conditions, such as a desirable school district or a newly developed neighborhood. A local real estate agent will have better insights into these nuances.

Outdated Information: For off-market homes, Zestimates are often based on older data that may no longer be relevant in a fast-moving market. Market conditions can change quickly, making historical data less useful for generating accurate estimates.

Can You Trust Zillow’s Zestimate?

So, is Zillow accurate enough to rely on for buying or selling a home? The answer depends on how you use the information. Zestimates are a great starting point for understanding the general value of a home, but they shouldn’t be the sole factor you rely on when making real estate decisions.

Here are a few tips to consider:

1. Use It as a Starting Point, Not the Final Word

Zillow’s Zestimates can give you an idea of what your home—or a home you're interested in—might be worth. However, it’s essential to combine this information with other sources, like a professional home appraisal or a Comparative Market Analysis (CMA) from a local real estate agent.

2. Consult a Local Real Estate Agent

Local real estate agents have their fingers on the pulse of the market and can offer insights that Zillow’s algorithm can’t. They will provide a more accurate home valuation based on local sales trends, property features, and their in-depth knowledge of the area.

3. Compare with Other Valuation Tools

Zillow isn’t the only automated valuation model (AVM) available. Redfin, Realtor.com, and even mortgage lenders offer similar tools. By comparing estimates from multiple sources, you’ll get a better overall picture of your home’s value.

4. Stay Updated on Market Trends

Real estate markets can shift quickly, especially in competitive areas. Keeping an eye on current market trends, recent home sales, and neighborhood changes can help you better understand the factors that might affect your home’s value beyond the Zestimate.

Conclusion: Should You Rely on Zillow?

While Zillow’s Zestimates are a valuable tool for getting a rough estimate of a home’s value, they are not always 100% accurate. Use them as a general guideline, but supplement this information with expert advice from local real estate professionals and other valuation tools. In the end, understanding your home's true market value requires a combination of technology and professional expertise to make well-informed decisions.

Need an Accurate Home Valuation? Contact One Team Today!

At One Team, we know the ins and outs of the local market, and we’re here to provide you with accurate home valuations you can trust. Our experienced real estate professionals combine deep knowledge of neighborhood trends with detailed market data to give you the most reliable home value estimates. Whether you’re buying or selling, we’ll ensure you’re making informed decisions every step of the way.

Get in touch with us today for a free consultation! Call us at (609) 557-3585 or visit https://homesbyoneteam.com/ to start working with the best in the business. Let One Team help you unlock the true value of your home!