Zillow’s Zestimate – What does it really mean?

Many people ask us about Zillow. They want to know if the values offered on Zillow are accurate. Watch the video above to learn about Zestimates from a homeowner, buyer or seller’s perspective. What’s a Zestimate? How is it calculated? Dave Gibbons from Zillow takes a few minutes to explain how they arrives at their Zestimates (home values). Please take note of how he says that the Zestimate is NOT the value they are saying you should list your home for and NOT what you should offer for a home you are trying to buy. It is basically a starting point for you while you are beginning your research. Zillow openly and outwardly recommends that you consult with a real estate professional for a more accurate evaluation of your home’s or prospective home’s value when you are ready to sell or purchase a home.

When you consult with us, we are able to take into account all of the other factors that Zillow’s various algorithms are unable to evaluate. Factors that include, locations, neighborhoods, views, condition and proximity to places such as airports, schools, shopping centers, etc. There is a science and an art to determining a home’s value and that can only be accomplished by a real estate professional with the proper knowledge and experience.

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