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.

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.

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.

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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WALTER D.

Simon is an amazing REALTOR! He was patient, thorough, and fun, and helped me on every step of my home-buying process. In short, I had a great experience as a first-time homebuyer. Anyone is in good hands with Simon.

ROBERT B.

We highly recommend Simon and his team! Simon was professional, knowledgeable, and accessible, and walked us through every step along the way. He made buying and selling in this crazy market as painless as possible! An 11 out o...

ELIZABETH V.

Simon is wonderful to work with. He is one of the best REALTOR. Simon is professional, thorough, and honest, and took his time to understand what our family needed. He genuinely cares about his clients and it shows. Simon respo...

MISHA G.

In a shifting time in the market, Simon was able to market our home effectively before we went live and was able to acquire an offer way over any number we were thinking! We could not have asked for anything more and were blown...

KELSEY D.

I worked with Simon as a first-time home buyer and I had the best experience. He was very patient with all of my questions and took me through everything step by step, making sure I understood each part of home buying along the...

KELLY H.

Simon and his team were incredible to work with. Simon is very knowledgeable about the market and we appreciated his research and guidance in identifying the best way to price our home. His team of operations supports, photogra...

NICK A.

After a few weeks of dealing with a kind but fairly lackluster REALTOR, we were extremely lucky to have found Simon. He took the time to work out what we were ultimately after and immediately set out to help us find the perfect...

ZACK A.

Simon is the cream of the crop of real estate agents. Friendly, professional, and responsive; he knows DC and the surrounding areas like the back of his hand. He knows the home buying process cold and has a great working relati...

KELLY G.

Simon is incredible. I truly wouldn’t work with anyone else - he is responsive, forward-thinking, and most importantly, actually cares about you and your needs. Over the process of buying a home, he became a true friend to me a...

MONICA V.

Simon Sarver was my agent and he and his team were amazing. Simon found me a place that wasn’t even listed yet and I got it! I had been looking for months and within a week, Simon found me my new home. This was my first purchas...

BRUNO G.

I would never say this to his face, but Simon is a wonderful person and a gifted REALTOR. We were working with tight timelines, lenders that didn't always cooperate, and a market that wasn't exactly heating up. Simon and his te...

LINDA-ANN A.

Simon was of tremendous help throughout the process of buying my first home. He broke down the whole process into easy steps. He is a great communicator and listens closely to his clients. I loved his professionalism and how he...

TIM R.

It’s been an absolute pleasure working with Simon through our home selling and buying process. Selling my home could not have gone smoother and not only did I get top dollar without even hitting the market, the process to get t...

JONATHAN M.

Simon is an amazing agent! I've been holding off buying a house for years. The whole process seemed terrifying to me at first and I was nervous I would commit to something that would not make me happy. Especially after hearing ...

SVETLANA M.

Simon has been super awesome through our process and went above and beyond in helping us first - to sell our old townhome and second - to find a new one. He was very thoughtful, transparent, and thorough about what to expect fr...

Alan G.

Simon is a great REALTOR and person! We spent months searching for our dream home in the crazy market and Simon happily showed us every house we wanted and with a huge smile on his face each time. We finally found the right hou...

ROSE L.

Simon was my REALTOR when I purchased in May 2022, and I can't recommend him enough. Simon is knowledgeable, thoughtful, and responsive, and his guidance made all the difference in the home-buying process. For example, earlier ...

ANTHONY P.

I was referred to Simon by a close friend of mine. From our very first discovery conversation on what It was I was looking for, and all the way through closing on my current residence, Simon conducted a consistently professiona...

DESSIE S.

Our experience with Simon is nothing but exceptional! My husband and I started looking for a house during the fall of 2020. Competing against other home buyers in the crazy housing market and after a couple of disappointing exp...

DERRICK M.

It was a pleasure working with Simon from start to finish in the recent sale of my house. Simon made himself available to discuss options, tactics, and the process of selling a home promptly. His knowledge of the housing market...

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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:

Success Stories

It was a pleasure working with Simon from start to finish in the recent sale of my house. Simon made himself available to discuss options, tactics, and the process of selling a home promptly.

- DERRICK M.
Our experience with Simon is nothing but exceptional! My husband and I started looking for a house during the fall of 2020. Competing against other home buyers in the crazy housing market.

- DESSIE S.
I was referred to Simon by a close friend of mine. From our very first discovery conversation on what It was I was looking for, and all the way through closing on my current residence.

- ANTHONY P.

View Testimonials

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:

Success Stories

It was a pleasure working with Simon from start to finish in the recent sale of my house. Simon made himself available to discuss options, tactics, and the process of selling a home promptly.

- DERRICK M.
Our experience with Simon is nothing but exceptional! My husband and I started looking for a house during the fall of 2020. Competing against other home buyers in the crazy housing market.

- DESSIE S.
I was referred to Simon by a close friend of mine. From our very first discovery conversation on what It was I was looking for, and all the way through closing on my current residence.

- ANTHONY P.

View Testimonials

Home Valuation

What is a Home Valuation?

What is a Zillow Zestimate?

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

My Testimonials

WALTER D.

ROBERT B.

ELIZABETH V.

MISHA G.

KELSEY D.

KELLY H.

NICK A.

ZACK A.

KELLY G.

MONICA V.

BRUNO G.

LINDA-ANN A.

TIM R.

JONATHAN M.

SVETLANA M.

Alan G.

ROSE L.

ANTHONY P.

DESSIE S.

DERRICK M.

What's your property worth?

Almost there! You're one step away from knowing the value of your property.

We're gathering your property information to generate a custom home valuation report and will send it to your inbox as soon it's ready.

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:

Success Stories

- DERRICK M.

- DESSIE S.

- ANTHONY P.

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:

Success Stories

- DERRICK M.

- DESSIE S.

- ANTHONY P.

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

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: