Archives for zillow

Why Zillow's "Zestimates" are "Zilly"

I often hear sellers using the Zillow “Zestimate” when trying to ascertain the value of their home – at least when the “Zestimate” benefits them.  But the question is:  How accurate are these “Zestimates”? In a nutshell:   Not very. Zillow’s data is extrapolated from sales that have happened in the area, regardless of neighborhood and regardless of size, condition, amenities.  It does not take into account the local buyer’s preferences for “all bedrooms up” or “master down”, homes that sit on more than one lot with separate tax id’s, functionality of floor plan, school, busy street or cul-de-sac and a
Read More