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Replies (4)
- Joan Congilose, "JCONGILOSE"
- Contributions:330
The zestimate is based on how your home compares to other homes offered & recent sales within the same location.Factors considered include square footage, number of rooms, upgrades,lot size,& improvements in your home compared to the others
- Pat Pribisko, "Pat Pribisko"
- Contributions:1426
Zillow uses public records to determine its Zestimates, which are merely estimates.
- Kelly Kennedy, "kkennedy3680"
- Contributions:34
Hello, according to Zillow,
"Where does all the information come from? How can you know all this stuff?
It all comes from public data. The data is public because it's a consumer's right to have access to information about what is to be their most important investment - their homes. What? You've never seen it? That's because it is hard to find and hidden in multiple sources. Zillow has done the legwork for you by getting huge amounts of data from many sources and creating something unique that the public sources don't provide - a Zestimate of your home based on the public data."
Sometimes the number of transactions affect the data. Obviously, the more data, the better the estimate.
"Where does all the information come from? How can you know all this stuff?
It all comes from public data. The data is public because it's a consumer's right to have access to information about what is to be their most important investment - their homes. What? You've never seen it? That's because it is hard to find and hidden in multiple sources. Zillow has done the legwork for you by getting huge amounts of data from many sources and creating something unique that the public sources don't provide - a Zestimate of your home based on the public data."
Sometimes the number of transactions affect the data. Obviously, the more data, the better the estimate.
Hows does Zillow.com arrive at the home price?
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