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How can Zillow put a value on a house that it hasn't seen the inside of?

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December 18 2008 - Wilmette

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Diane Tuman, "dianetuman"
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Diane Tuman, "dianetuman"

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Hi, Diane from Zillow here: What you can do is edit your home facts and create your own estimate. Edited home facts could affect your Zestimate. There's more info here: http://www.zillow.com/learnmore/EditingHomeFacts.htm

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December 26 2008

FriendshipProperties
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Easy, they don't. Zestimates are based on similar condition of the comparable sales and what the tax/appraisal says its worth. The 'range' value, may be a better number to consider if the property is distressed for the neighborhood or way better than the neighborhood. I deal with rehabs and concider the zestimate more of what the property will be worth when remodeled and braught up to the neighborhood condition.

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December 25 2008

denrama
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denrama

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But what about all the upgrades and remodeling? Do you take that into consideration? does it increase the value of the house?

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December 18 2008

Diane Tuman, "dianetuman"
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Diane Tuman, "dianetuman"

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Our Zestimate is a starting point in determining a home's value -- it's not an appraisal. We take public data, comparables and recently sold nearby homes and compute the Zestimate. Please refer to this article for more information on Zestimate values:http://www.zillow.com/howto/Zestimate.htm

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December 18 2008

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December 26 2008

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