Zillow Advice: Buying Process - what does it mean when zestimate is significantly lower than asking price? http://www.zillow.com/advice-thread/what-does-it-mean-when-zestimate-is-significantly-lower-than-asking-price/531527/ Zillow Advice | Zillow Real Estate Market conditions, and therefore ... http://www.zillow.com/advice-thread/what-does-it-mean-when-zestimate-is-significantly-lower-than-asking-price/531527/ 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. Sat, 29 Mar 2014 14:20:00 GMT http://www.zillow.com/advice-thread/what-does-it-mean-when-zestimate-is-significantly-lower-than-asking-price/531527/ 2014-03-29T14:20:00Z It means that the Zestimate ... http://www.zillow.com/advice-thread/what-does-it-mean-when-zestimate-is-significantly-lower-than-asking-price/531527/ It means that the Zestimate is a computer generated number using public data, presented with a 70% confidence range.&nbsp; It is not able to take into account many aspects that may add value to a home, and it is a lagging number. <br/><br/>You can learn more by clicking on the word "Zestimate" at the bottom of the page.<br/><br/> Sun, 09 Mar 2014 00:18:00 GMT http://www.zillow.com/advice-thread/what-does-it-mean-when-zestimate-is-significantly-lower-than-asking-price/531527/ 2014-03-09T00:18:00Z