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I recommend looking at the Zestimate, the Redfin estimate, and the three estimates that Realtor provides (CoreLogic, Collateral, and Quantarium). Chances are at least one of these will be off, but if most of them agree on a general range, it should be close to that.
- How accurate is Zestimate on Zillow : r/homeowners - Reddit
In all seriousness, the Zestimate is wholly inaccurate....
- How accurate are “zestimates” on Zillow? : r ... - Reddit
Before Zillow started buying/selling houses and before the...
- How accurate is Zestimate on Zillow : r/homeowners - Reddit
In all seriousness, the Zestimate is wholly inaccurate. Zillow lost over 1 billion dollars in 2021 when they were using their Zestimate to buy and sell houses. On $400k houses, I have seen Zestimates that were $200k and Zestimates that were $600k.
Before Zillow started buying/selling houses and before the pandemic weirdness, Zestimate a were very accurate as long as the house was easily comp’able and the data on the comparable was accurate.
17 Ιαν 2024 · The accuracy of Zestimates varies based on location and the availability of local data. The more publicly available data in a given area, the more accurate the Zestimates in that area will be. Zillow publishes its data coverage and estimated margin of error for specific areas.
16 Ιαν 2024 · A Zestimate is considered less accurate than a professional home appraisal. It’s a computer-generated home value estimate based on publicly available data, while an appraisal is a property valuation completed by a state-licensed appraiser. Appraisals are more hands-on than home value estimators.
27 Απρ 2023 · The Zestimate® home valuation model is Zillow’s estimate of a home’s market value. A Zestimate incorporates public, MLS and user-submitted data into Zillow’s proprietary formula, also taking into account home facts, location and market trends. It is not an appraisal and can’t be used in place of an appraisal.
6 Μαρ 2022 · The first thing to understand is how Zillow arrives at a Zestimate, its name for a home value estimate. According to the site, Zestimates are based on a proprietary algorithm that incorporates public records and user-submitted data.
