Your Home Sold Guaranteed - Couture Realty Team

Do Realtors or Zillow Have More Accurate Home Values in Las Vegas?

If you have a home in Las Vegas and you are considering selling it, you must make sure that you have a way to find more accurate home values in Las Vegas on which to base your asking price. Without this home worth information, you will not be able to determine the right asking price that is sure to garner you the attention of as many interested home buyers as possible. 

So, how can you find a method that gives you the more accurate home values in Las Vegas? You cannot simply take an educated guess and hope that it is accurate without confirming the number, and you certainly should not rely on the price you originally paid for the house since it has likely increased in value over the years. Without these options, where can you turn to determine what your home is worth? There are two popular options: a professional realtor or Zillow.

How Do Realtors Determine More Accurate Home Value in Las Vegas?

At Your Home Sold Guaranteed - Couture Realty Team, our team of Las Vegas realtors take the guesswork out of home valuation. With us, you can rest assured that you will be getting a more accurate home value in Las Vegas than using any other online home valuation tool. Our team understands how important this information is to your home selling process, so we will do everything we can to make sure you have the most accurate and reliable home value data available. 

If you are wondering how our realtors can determine your home value, the process involves a competitive market analysis (CMA). This uses information including the property’s location, the condition of the house and lot, and the current housing market in Las Vegas to figure out your home’s value on the local real estate market. There are a number of factors that will be considered in our valuation process, including:

  • Age of the home
  • Square footage
  • Number of bedrooms and bathrooms
  • Recent updates or renovations
  • Other factors specific to your home

These points will be combined with information about recent sales of similar homes in your area and current market trends. With all of this data, a realtor can give you a more accurate home value in Las Vegas than other online tools such as Zillow. 

What Method Does Zillow Use to Determine Home Worth in Las Vegas?

A very popular method used by home sellers all over the country for estimating their home’s worth is the Zillow Zestimate. It is a proprietary tool that offers users a free and instant estimate of their home’s value. The algorithm uses data including:

  • Public property taxes
  • Tax records
  • Recent home sales in the area
    • Listing price
    • Description
    • Days on market
  • Market trends
  • User-submitted information
    • Remodels
    • Add-ons like bathroom, bedroom, garage, or pool
    • Corrections to public records (3 bathrooms instead of 2, for instance)

This data is fed into the Zestimate’s algorithm and produces a value that can be used to help you determine a reasonable asking price for your home. 

Which Provide More Accurate Home Values in Las Vegas: Realtors or Zillow?

When it comes to the accuracy of the home values you receive from realtors and Zillow, there is definitely going to be a clear winner. Realtors can access records and dig into information that may not be readily and publicly available for online estimation tools such as the Zestimate. They also have the most up-to-date information about the current trends in the localized real estate market and can adjust the value accordingly. 

As far as the online valuation tool is concerned, Zillow states that “Zestimates are generally quite accurate” and the “median error rate for the Zestimate of U.S. houses on the market is just 1.9 percent.” It does note that off-market homes have a larger median error rate due to the lack of data publicly available on the home. 

It is also worth noting that certain counties and cities have more or less publicly available information concerning home size, features, age, and other data points, so certain areas may get more accurate value estimates than others. In metro areas, the Zestimate for on-market homes is usually “within 20% of the actual selling price.” To be fair, 20% is a large margin of error.

Our Realtors Guarantee You Have More Accurate Home Values in Las Vegas with Us!

Have you and your family decided that you may want to sell your home in the forthcoming months? Be sure that one of your first steps is to find a realtor who can give you more accurate home values in Last Vegas than online tools such as the Zillow Zestimate. Our team of realtors is also dedicated to your home selling success, and we want you to get top dollar for your home.

To ensure we can help you achieve your home selling goals, we will make sure your home value estimation is as accurate as possible. Give us a call at (702) 476-0060. You can also fill out the form below with the requested information. We look forward to hearing from you and helping you achieve your real estate goals in Las Vegas!

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