Understanding Zestimate

There are many times when a buyer, renter, seller and agents hear, "but zestimates says...." I wanted to add some clarification to what a zestimate really is. According to www.Zillow.com a "zestimate" is defined as such:  The Zestimate (pronounced ZEST-ti-met, rhymes with estimate) home valuation is Zillow's estimated market value, computed using a proprietary formula. The formula that is used to calculate this zestimate in basic form is: 

TO READ THE REST OF THIS ARTICLE: 
http://cohomesdenver.bluefireblogs.com/understanding-zestimate/  

  • August 30 2012 - US
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Answers (2)

Profile picture for wetdawgs
So many errors in your blog post... alas, yes, it is an estimate but your description of calculations should be edited (to save face) after you read Zillow's articles. May  I suggest you read "What is a Zestimate?" as well as "Data Coverage and Zestimate Accuracy".

  • August 30 2012
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Profile picture for IlikaMasam
thanks sarah for the info. would like an agent referral for this project.  thanks.
  • September 17 2012
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