We’ve received a handful of panicked texts and emails from past clients alerting us that the value of their home on Redfin or Zillow has dropped!
Is this something to be worried about? Where does the Zillow or Redfin estimate come from? What’s the real value of your home?
In this video, Jess outlines the difference between the market value and the appraised value, and further distinguishes them from the Zillow and Redfin estimates of value.
Most Realtors place little weight on the “zestimate” of the home, and we encourage you to learn about the more bona-fide ways that housing professionals assess value! Watch the video to learn more, and feel free to reach out if you want to chat about your home or the market.