Home Valuation

Why Knowing The Value Of Your Home Is Important-And Why A Zillow Zestimate Is Not An Accurate Tool.

If you’re using a Zillow Zestimate to get an accurate home valuation, you may get a skewed result, which could then affect your home’s listing price. While Zillow has historically provided relatively accurate estimates based on the year the home was built, the number of bedrooms, square footage, and other quantitative data, they’ve recently changed their algorithm. Even when Zillow was fairly accurate, it still provided only an estimate as opposed to a true valuation done by an appraiser or Comparative Market Analysis. Here’s how to get an accurate home valuation and why relying on Zillow or similar sites is usually a bad idea. Outstanding client service, experienced business practices, and ingenious marketing strategies are what make our team the most trusted team in the area.Outstanding client service, experienced business practices, and ingenious marketing strategies is what makes our team the most trusted team in the area.

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What is a Home Valuation?

A home valuation is just a fancy way of saying what the value of your home is. They are used during real estate transactions such as buy-sell or refinances to ensure homeowners or buyers are not overborrowing for a property. The home is used for collateral in a mortgage, and if the borrower defaults on his or her loan, the lender will sell the home to recoup the money lent to buy it. If the home was overvalued and they lent too much, they could lose money. The home valuation ensures they will be able to recoup costs should the mortgage not be paid in full.

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What is a Zillow Zestimate?

A Zillow Zestimate is an automated home valuation tool and is recommended as a starting point when determining the value of your home. It incorporates user-submitted and public data and takes into account home facts, location, and market conditions. Zestimates are done entirely online, and no representative of Zillow will visit your home to perform an appraisal. Banks and lenders do not use Zillow or similar services to estimate property and instead rely on the expertise of a licensed appraiser. A Zestimate can be off by nearly 5% nearly 40% of the time in some markets, which amounts to around $15,000 on a $300,000 home.

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What is the Main Difference Between a Zillow Zestimate and a Valuation Performed by an Agent?

The main difference between the two is that a Zillow Zestimate is simply an algorithm. You punch in data, and a value pops out. There is no actual human involved who views your home, compares it against others on the market, and produces a detailed report. When an agent conducts a valuation, they are actively involved in the process and create a valuation that is personalized and in-depth.

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Javier

Zabrine is fantastic! She helped us sell our home for top dollar by doing some light staging and decor. She is also very knowledgeable on new construction homes and dealing with the builder. I highly recommend Zabrine if you ar...
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Erin

Holly was wonderful! My roommate and I used her a year and a half ago because she was very prompt in reaching out to us after we expressed interest in finding help with our home . So, when it came time to move again, she's the ...
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Zabrine helped us buy our home in Falls Church, VA. She is very knowledgeable, responsive and professional at all times. She provided us with helpful feedback when we went to different open houses. She is a great listener and t...
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We purchased our first home and years later moved to a new one with Zabrine’s help. Zabrine went out of her way to make sure we got the homes we wanted, against all odds. We had just moved from the UK and we hadn't had the long...
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Sheila

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Missy

As a first time buyer, I wanted an agent that would be willing to walk me through the process and be patient with my lack of knowledge. Zabrine far exceeded my expectations. She was proactive, honest, and made me comfortable in...
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Buyer | Seller

Buyer | Seller

Zabrine is knowledgeable, energetic and very conscious of the needs of her clients. My experience with her was one of the most memorable, fun times of my engagement! She is like family.
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Zabrine is an incredible agent. My family and I first met her a few years ago when she helped us buy the house we later sold. We knew that if we were ever to sell the house or buy another house in the future, we would always go...
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Marta

Holly helped us find a home for rent in no time She is very dedicated, responsive and has such a great personality. I would definitely recommend her to my family and friends.
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Matt

Zabrine was attentive, responsive, extremely patient, and extraordinarily thorough throughout the process of selling our current home and buying our next home. Would absolutely recommend her to anyone buying or selling in or ar...
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Laura was amazing!!! She was professional, thoughtful and kind! She listened to our preferences and helped guide us to homes that we described. She helped us find our dream home and make it into our reality. She constantly walk...
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Jonathan

My wife and I have worked with Zabrine 3x now, both buying and selling and every time it's been an excellent experience. In our recent sale, not only did she advise on some quick house enhancements that made for a significantly...
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Michael

Holly is responsive, energetic, friendly and professional. She helped navigate the challenges of Alexandria’s hot rental market. Would definitely recommend working with Holly!
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Josh

Zabrine, is by far one of the best realtors I've worked with. She is extremely knowledgeable of the and is equally as energetic and enthusiastic when it comes to working with her clients.
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Same

Zabrine was wonderful to work with. Helpful, patient, and experienced. Terrific job by her and the Capitol Z team when selling our home. Zabrine's professionalism and knowledge of the industry were essential during the pandemic...
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Buyer

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Zabrine is a great listerner and takes notes to make sure she knows what you want in a home.
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Buyer

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Buyer | Seller

Buyer | Seller

My experience with Zabrine was one of the most memorable, fun times of my engagement! She is like family.
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How is a Valuation Performed?

There are two accurate ways to perform home valuations: with a Comparative Market Analysis and an appraisal. ​​​​​​​Here is how the two differ:

Why is a Valuation Important?

Though getting a valuation in order to sell your home is the most common reason to get a home valuation, it’s not the only one. ​​​​​​​Here are some more situations when a home valuation may be necessary:

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