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what does zestimate mean

in the foreclosure listings what is the difference betweenzestimate and foreclosure pirce
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August 24 2013 - Pickens
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See the FAQ: "what is a foreclosure estimate"

and the FAQ: "what is a Zestimate"

There is a "factor" calculated for each county for an average of how much distressed homes are selling below normal marketed homes.  It is based on modeling the recently sold distressed homes separately from the recently sold non distressed homes.  A major factor in the difference is the % market saturation of distressed homes for sale in the area.

They just multiply the "discount" with the "Zestimate" to get the foreclosure estimate.

Zest-imate means "Zillow's" machine "estimate".

It is a "registered trademark" that can be looked up on the U.S. patent and trademark site:
http://www.uspto.gov/

remember, they are "discounted" for a reason.  Most have a lot of differed maintenance issues.  It may cost more to buy it even though the initial cost is less, simply due to the necessary repair costs.
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August 24 2013
 
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what does zestimate mean
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