Answers (2)
Best Answer
- Ice L.
- Contributions:14096
Hi jontay45 -
Value range is derived from the Zestimate. It gives users a general idea of how confident we are in the particular Zestimate they are looking at. If you doubt the accuracy of Zestimate, it is the first place you can check. A very wide range indicates that we'd probably agree with you. A narrow range is a clue that we have good track record of accuracy in that area (vs. sales prices) and that we're more confident in the Zestimate.
Thank you.
Value range is derived from the Zestimate. It gives users a general idea of how confident we are in the particular Zestimate they are looking at. If you doubt the accuracy of Zestimate, it is the first place you can check. A very wide range indicates that we'd probably agree with you. A narrow range is a clue that we have good track record of accuracy in that area (vs. sales prices) and that we're more confident in the Zestimate.
Thank you.
- NTETS, "Mr Caveat"
- Contributions:6436
in other words the value range MORE ACCURATELY estimates(describes) the value of the house by applying a margin of error to the zestimate which is likely to be off a fair bit.
How is the value range derived
Stating a discriminatory preference in an advertisement for housing is illegal. If you think this content is discriminatory or otherwise inappropriate and feel it should be removed from Zillow, please let us know by completing the information above.
We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.