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How accurate is a Zestimate vs a Home Appraisal?

Chicagoland Appraisal Blog

When Zillow first came out, real estate appraisers would often hear “Zillow says my home value is…” This is usually followed by a cringed face and sigh. To put this debate to rest, o ur lead appraiser John did a sampling of recently appraised homes in Chicago to see how Zillow stacks up against a local real estate appraiser.

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15 Reasons Your Home May Not Appraise for the Expected Value: Tips for Homeowners

Birmingham Appraisal

If there are few recent sales in your area, it can be challenging to establish an accurate appraisal value. These are locations that a potential buyer would also look at and that would provide a similar alternative. Being aware of locational factors can help you set more realistic expectations about the value of your home.

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How to Build Equity in Your Home

Chicagoland Appraisal Blog

What’s more, a proper appraisal will identify and should apply the costs associated with these upgrades in the appraisal of the home. A new kitchen is great, but if the roof leaks or you can’t heat it, you’re going to have some unhappy home buyers. . and that is extra equity for the homeowner.

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Appraisals derail sales in the tight Chicago market!

Chicagoland Appraisal Blog

You can employ his strategy which is to offer to make up any shortfall in the appraisal with cash from the buyer to pay the seller, go with a new lender, appeal the appraisal which hardly ever works unless there factual errors as suggested by Mr. Goldberg or might I suggest an ounce of prevention is worth a pound of cure as quoted by….