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Zillow Off By 40% (for their own CEO’s home)

Maureen McDermut

Having sold residential real estate in Santa Barbara for over 20 years, initiating her career in Los Angeles selling commercial real estate, and daugh...

Having sold residential real estate in Santa Barbara for over 20 years, initiating her career in Los Angeles selling commercial real estate, and daugh...

Jan 24 2 minutes read

One of the most popular websites in real estate is undoubtedly Zillow. But did you know that their home value “Zestimates” are often WAY off?

In fact, the CEO of Zillow just sold his own home in Seattle for 40% LESS than the Zestimate!

Per Inman News, “On February 29th, Spencer Rascoff sold a Seattle home for $1.05 million, 40 percent less than the Zestimate of $1.75 million shown on its property page a day later.”

Zillow actually has a disclaimer on their website where you can see exactly how INACCURATE they are. They just make it hard to find.

As a real estate agent I actually have access to a tool that can accurately show someone how much their home is worth. I normally only use it when someone is selling their home soon, but after seeing how inaccurate Zillow is I am now offering to provide this service to ANYONE who is curious.

If you reply to this email right now with your home’s address (or the address of a home you are curious about the value of) I would be happy to send you a “Zactimate” today :)

And as always, keep me in mind if you have any other questions about real estate. I am happy to help and I look forward to hearing from you soon.


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