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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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Meylan A.

Meylan A.

Excellent service. Very professional. The first place to go if you are looking to buy is in Oakville, Burlington, or Mississauga.
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Andrea S.

Andrea S.

I just moved to Canada and Debbie Gonin-Baun helped us to find the perfect house for us. She was helpful, and knowledgeable, and didn’t give up until we were 100% happy. Thanks, Debbie.
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Kelly F.

Kelly F.

Lorne Howell 5 stars plus. It is common in this day and age for folks to over-promise and underperforms. Lorne is one of those rare individuals that underpromises and overperforms. I recommend him unreservedly to anyone interes...
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Peter S.

Peter S.

The Invidiata team has been a pleasure to work with, specifically working with Lorne Howell. He has great knowledge of the area, a good read on the market, and the direction prices will go. He is always making himself available...
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John T.

John T.

5 Stars for Lorne Howell. Seems that a number of agents in Oakville profess to be number one. However, having successfully completed 6 transactions over the years with Lorne, I can confidently say that his extensive knowledge o...
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Khurshid A.

Khurshid A.

5 stars for Lorne Howell. We met Lorne six years ago at an open house on our street. Recently, we listed our home with Lorne and it sold two weeks ago for an excellent price, especially in the current market situation and stiff...
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Bill P.

Bill P.

We were very fortunate indeed to have had Lorne Howell of Invidiata Real Estate represent us in the sale of our Oakville home. Due to his thorough knowledge of the local real estate market, his extensive experience, his marketi...
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Afam E.

Afam E.

Though I have had the opportunity to work with real estate agents in the past, my experience with Rimsha Ali this time around was exceptional and indeed a pleasure to behold. Her attention to detail and ability to fashion out a...
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Gwen I.

Gwen I.

We sold our home in three days, above listing in a very challenging market. We couldn’t have achieved this without Lorne Howell. His attention to detail is unbelievable; from staging, photography, the video and even meeting all...
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Brenda M.

Brenda M.

Thank you for taking our listing and for assigning Lorne Howell as our realty sales representative. Lorne was an outstanding professional in every regard. From the very first meeting to the sale of our home he listened and resp...
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Paul Primiani

We have purchased and sold 19 homes over the years in both Canada and the USA and can say without any qualms that our overall experience in both the selling and purchasing process was truly hassle free..The service and expertis...
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Stella Law

We worked with Donna Gray from Individiata to sell our home and she was wonderful to work with! Not only is Donna an expert in the South Mississauga/Oakville area but she also has a tremendous eye for styling a home. Donna wa...
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Eva Klein

Working with Lorne has been a real pleasure. Although we were listed with another agent previously and reasonably pleased, Lorne added a different caliber of professionalism. He gave us a detailed and compelling analysis of wha...
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Rameen & Sufyan

I recently worked with Rimsha and sold my house in Milton, Ontario. I live in Alberta and was guided all the way to complete the sale all remote. It was a wonderful and very satisfactory experience. She helped me and went out o...
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Sara Fadaee

Rimsha Ali is an amazing agent. She came recommended by a friend, and we are so happy we went with her. As second time home buyers the process can be intimidating, Rimsha made the process seamless, smooth and made sure our need...
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Yuri S.

With over 25 years experience of buying and selling real estate in Canada and internationally my wife and I deal with many real estate agents. Lorne Howell is absolutely extraordinary in the pool of agents we have ever met. Hi...
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Nasim Assadian

I am the kind of person who does her own research and doesn't trust anyone, specially real estate agents. I had many bad experiences with different agents, including friends who are in this business. So obviously, when trying t...
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Kelvin C.

Excellent! great customer service, high-end and well-experienced
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Sean N.

We had high hopes when we hired Invidiata. Chris and Aimee were very impressive in the initial meeting to win our business. Unfortunately, once we signed up, the service became far below average. Some examples would be unreturn...
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Carl L.

Had an amazing experience with Jane Chandler - who was patient with us in the search for our perfect home and unbelievably professional in helping us list and sell our home of 20 years. We don't do these transactions often - bu...
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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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