The Difference between Zillow, Redfin, other AVM’s and an appraisal.

In my estimation, 90% of Zillow.com or Redfin.com or Homevalues.com’s valuation are correct.  The question is if your home is in the 90 percentile correct or the 10 percentile incorrect value.   Lets be clear. The computer programs and algorithms used in today’s real estate world are only a marketing tool.  It creates a desire for action and then provides you with a quick solution.  It targets those who are interested in the real estate market but not enough to invest in a professional appraisal service. It’s quick and easy. That house your are dreaming about, is now in your price range so let’s talk to a local agent conveniently waiting for your call.  Or if you’re cash short and need to find money, you could look in your home and refinance it, so let’s talk to a local agent conveniently waiting for your call.

AVM’s are magic.

Lets take for instance, the value for your home is $100,000 as of Zillow.com with the zillow-estimate. Look at the zillow-estimate range and you will see a price range of $50,000-$150,000. How did it come up with that figure? It’s magic. Just like Google. Magic.

What the algorithms knows?

You can’t figure out how it found that value because of the complicated algorithms used are not available to the average person.  It’s like magic. I ask the internet for a question and I’m ready to bet the farm on the answer.  Don’t be so naive.

People buy homes not computers.

Computer and their algorithms don’t buy, live in and raise a family in homes…..People do. So don’t rely on a computer of give an opinion of others dreams, hopes and desires. Let people do that for you.  The investment is worth it every time.  With an appraisal report from A1 Los Angeles Home Appraisals you can understand why the opinion value is or is not what you expected.  And you can contact the appraiser to clarify any concerns. That’s why courts and lenders don’t use Zillow and Redfin for the opinion of market values.  If you’re going to bet the farm, know what the value is before you bet.