Thursday, November 11, 2021 / by Brad Brethouwer
The recent Zillow news shows why you need a knowledgeable local agent.
A few years ago, I made a video about the inaccuracy of Zestimates and how their platform is deceiving consumers because they show a lot of properties that aren't actually for sale. Zillow has been one of the largest iBuyers in the last few years and they’ve been buying lots of properties. Recently news broke that they overvalued a lot of these properties and ended up taking a huge loss. Being such a huge company, this won’t affect them. However, mistaking those values should make their customers wary. Consumers go to Zillow trusting that their information is accurate. The fact is, they don't even have the right information to buy houses for themselves. This shows you why you need a local agent in your market that knows your area and who can figure out what the property's worth. Agents have been saying it for years, but now it’s plain to see that you shouldn’t trust Zestimates. If you have any questions or want to learn what your home is worth, reach out to me and visit bradbret.com. We look forward to hearing from you.