Zillow & Pricing your Milford home for sale

Zillow is used by thousands of home buyers and sellers monthly. It has become one of the major real estate tools in the industry. Websites like Trulia, KW.com, homes.com, and realtor.com have become go to sites for many buyers and seller. Let’s just focus on Zillow and the estimates. Z-estimates are just that, an estimate of the value of your Milford real estate.
A normal house in a Milford subdivision has factors like:
- Square footage
- Amenities
- Number of bathrooms, bedrooms
- Size of Garage
- Finished or unfinished basement
- Updates in the Milford home
- Overall condition of the Milford property
So estimating and doing a CMA (comparative market analysis) on a piece of Milford real estate is easier than doing one on a property in Milford that has acreage or is on a lake. The same issues arise with Zestimates.
Zillow draws from public records and surrounding home sales. I do not know if they just use the last six months of sales or not. So like many realtors Zillow does have issues with figuring the price differences when it comes to lakefront footage, or how much acreage adds, or a pole barn adds, or a sandy bottom on a lake adds. Other factors like finished walkouts add to lakefront values more than in a regular neighborhoods. How much does 3 acres of woods add?
These are little items that a good local Milford realtor can help you with. Zillow is a good tool, but a Zestimate is just an estimate. Do not base your price of your Milford property on a Zestimate. So if you are selling your Sears Lake home, or a home on acreage or any piece of Milford real estate give me a call. The key is to price your Milford home for sale right. I will do a CMA and tell you what your Milford home should really sell for!
- Hire a good Realtor to price your home so you get top dollar and so your waterfront home sells quickly.
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