Zestimate is a joke all you are doing is take the tax card information.

Well, clearly some Realtors are "jokes"!  Complaining that the Zestimate is not good enough for you in Tennessee?

What about those in Maine, South Dakota, or Wyoming?  They have none!  (100% of residential units have no Zestimate).

What about Alaska, Idaho, Indiana, Kansas, Louisiana, Missouri, Mississippi, Montana, North Dakota, New Mexico, Texas, Utah?

As those are all "non disclosure" states, Zillow models to the list prices instead, and they have insufficient "sold" data to calculate a tolerance range.

In Tennessee, the median deviance of the prior estimate to the "sold" price is 10.5%.  65.3% of the prior estimates are within 20% of the "sold" price.  48.6% are within 10% of the "sold" price, and 29.7% are within 5% of the "sold" price.  They have estimated almost 3 MILLION homes in Tennessee, and do so about 3 times a week.  Though the tax assessed value is ONE variable used; they use a number of other variables as well.

Now, please, as a Realtor, you tell me that you do 3 million CMA 3 times a week, and that your tolerance range is better?  Where are YOUR published statistics on your misleading "guesses"?  I suppose you always sell everything within 3 months at the original list price with no reductions?

Wouldn't іt help to learn something about what you are complaining about before making drastically false statements?  Is that how you treat questions clients ask you about properties?  You just give them random false information without even checking?

Besides, the Zestimates are calculated as an intermediate step in generating market index trends similar to the Case-Shiller Index, but covering more areas at a much finer scale, and without the bias due to foreclosure market saturation.

So, even if the estimates have no value to you, they have substantial value to people whose interest is not in just making a commission.

But thank you anyway for posting that you don't want any commissions from anyone that I know.

the zesimate doesn't match the assessment, it just pulls from the tax card and figures out whatever the little zillow calculation puts it at based on that data....that's not the same thing.   I find the zestimate in and of itself of no real value.  but the tax information being repeated here is a different story.

the advantage is not all counties in every state have their records ONLINE.  and there is more info here than on a county record since an owner can edit the incorrect facts.   I find it very useful for a county in MY area that doesn't have a FREE website for me to look up info on a house when I need some info and it's not listed.  I hate calling those little counties where there is ONE employee in the county clerk that also answers phone for the assessor etc, and you need info- and when they go to lunch you get a recording,etc.   zillow is available 24/7

so...it can still be useful.

as an agent instead of finding what's wrong with it--look for how it can be useful.   I could care less about the zestimate, but the fact that it is there, it brings internet traffic to this website which is good for anyone with a listing.

...and its nice you can dis Zillow on their own forum...

Welcome to Zillow.

I'm glad to see you started off with the right foot forward.