Profile picture for wgmaleri9102

what does it mean when zestimate is significantly lower than asking price?

  • March 08 2014 - Valhalla
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Answers (2)

Market conditions, and therefore the market value of a particular property, can change relatively quickly. A realtor in your area can perform a CMA and then provide you their professional option on the value of the home. If the home is overpriced, they will be sure to let you know.
  • March 29 2014
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Profile picture for wetdawgs
It means that the Zestimate is a computer generated number using public data, presented with a 70% confidence range.  It is not able to take into account many aspects that may add value to a home, and it is a lagging number.

You can learn more by clicking on the word "Zestimate" at the bottom of the page.

  • March 08 2014
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