Profile picture for BrandonJones5

Why is zillow saying the zestimate is fifty thousand dollars off the asking price of this house?

  • June 24 2012 - Greensboro
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Answers (2)

Profile picture for NikoleD
Keep in mind also that improvements could have been done that are not reflected on paper or with the tax department. 
  • August 01 2012
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Profile picture for wetdawgs
A Zestimate is a computer generated number using public facts.   It is not an appraisal or CMA done with the benefits of seeing the property in question.   A Zestimate is never intended to be a substitute for the appraisal, but a starting point for comparison of houses.

Some useful background reading:

What is a Zestimate?
Data Coverage and Zestimate Accuracy
  • June 24 2012
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