Why You Can’t Trust Zillow’s Zestimates


Have you heard of Zillow’s Zestimate tool? The home value estimates they create aren’t as accurate as you might think.


As both a broker and an appraiser, I hear about Zillow’s Zestimate quite often. The Zestimate is an automated value model, which is really just a range of numbers. Zillow even provides a range of low to high prices, as well as an estimated midpoint. It’s really just a reflection of what has sold in your neighborhood in terms of price per square foot. There are many things that Zillow can’t account for though, like your home’s condition, view, or numerous other factors that affect its value. There are a lot of inaccuracies in public record data, which Zillow uses to evaluate homes.

To learn the true value of your home, you need to consult an expert local real estate agent.


In reality, the Zestimate is a marketing tool to drive users to Zillow.com so they can tell their advertisers, “Look how many unique visitors we had this month!” If you want to know the true value of your home, you need to consult an expert real estate agent who is local and has experience. Much more depth goes into the report of an appraiser when determining our opinion of a home’s market value. So don’t take Zillow too seriously. If you’d like to know what your home is worth, you’re thinking about selling it, or you’re thinking about buying a home, give me a call or send me an email today. I’d love to help you!

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