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    Q: What’s the Difference Between a CMA and a Zestimate?

    Here’s what you need to know about the accuracy of Zillow Zestimates.

    Zillow doesn’t have complete data, so they are not able to give an accurate estimate of what your house is worth. Every one of their Zestimates is essentially a guess. In Utah, Zillow doesn’t even have the correct sold home data because we are a non-reporting state.

    Zillow has access to property owners’ own estimates of the price of their home and whatever is on public record, which is very limited. They give you a general idea of what your home might be worth based on the incomplete data they have. 

    A CMA is much more accurate than a Zestimate or appraisal.

    If you truly want to know what a home is worth, you should talk to an expert who knows. A Realtor has access to all the records of the home, including what it previously sold for and what homes around it have sold for. We can put together a comparative market analysis giving you the best possible estimate for what your home could sell for. 

    A CMA is designed to be more predictive than an appraisal and tell you what it will sell for, not what it’s worth. Basically, a CMA is much more accurate than a Zestimate or appraisal, and it’s free. It’s a service we offer to you to provide a better idea of what your home is worth. 

    If you’d like a CMA on your home or have any other real estate questions for me, don’t hesitate to reach out via phone or email. I look forward to hearing from you soon.

     

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