Am a realtor and do not understand how you arrive at Zestimates are done -

I have a home listed on Sussex Street (52) it is in town Rehoboth a popular vacation destination for Washington DC , Baltimore , Philadelphia and Eastern Pa. the lots next to this Home are for sale for $850,000 , how can this home be estimated at 690,000 ???? I can be reached at 302-226-6648 . I have looked at other Zillow listings and those estimates are way off as well , shouldn't this be a fair representative of our market , buyers come w/ a poor perspective .Henry McKay     
  • October 22 2013 - Rehoboth Beach
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Answers (2)

Profile picture for Dunes ..
It's a complicated system..an industry secret...a complicated formula

But there are theories of how they get their numbers to calculate the Zestimate



Believe it or Not ;)
  • October 23 2013
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Profile picture for nico robin
To learn more about Zestimate click this link. Zillow also provides you the option to post your own estimated value and comments on your property, how to post an owner estimate.
  • October 23 2013
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