Property value estimate TheadI wanted to start a thead for those that don't understand the Zestimates on this site. All borrowers, realtors and lenders please chime in. It seems no one understands that the value of the homes on here are ESTIMATES and may not reflect what an actual appraisal will go for. The appraisal may come in lower or higher than the Zestimate. Zillow as well as other sites out there try and give you a general idea based on recent sales in your area but an actual appraisal will determine the real value since they are researched by an appraiser in-depth. If you are refinancing or purchasing a property we (lenders) will begin the process based on what you think your proeprty is worth. We will use these sites as gauge of what it MAY be worth but once you pay for an appraisal and it is completed it will show the actual value whether it is higher or lower than what you think it may be worth. Please feel free to chime in whether you are a borrower, lender or real estate agent and want to share some informtaion on this. I am seeing way too many people complaining about thier homes ESTIMATED value on hereandjust want to shed some light for themFebruary 28 - US1YesReport a ProblemProblemSelect oneOffensive contentIrrelevant contentSpam (pure self-promotion)OtherDetailsYour emailPlease enter a valid email address.Submit CancelContent flaggedWe will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.We're sorry. This service is temporarily unavailable. Please come back later and try again.