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For this service, Zillow charges a fee that ranges from 1.5-9%. While this is a wide price range, Zillow claims that the average service fee that they charge is 2.5%. The service fee is used to help Zillow cover their carrying costs and mitigate some of the risk that comes with reselling a home.Does Zillow give accurate home values?
Zillow may do its best to give you an accurate price of what a home is worth. In the end, though, it is only an automated system that cannot think for itself. It cannot account for variations in any number of things – changes that substantially alter the price from any sort of “average.”How accurate is Zillow?
The good thing though is that Zillow never claims to be 100% accurate. The tool has an accuracy of about 80% in all areas. This is because there are no specific variances to throw it off. However, in some home value estimate cases (especially in older neighborhoods), the Zillow estimate won’t be close at all.