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Kathleen Philips's Advice

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Kathleen Philips wrote:

Inaccurate "zestimates" negatively impacting sales

Hello, Kathleen from Zillow here -Thank you for taking the time to share your concerns about the Zestimate for your home.  I wanted to provide you with some additional information to help you understand Zestimates in general and to help make sure the Zestimate for your home is as accurate as possible.As we explain in detail here What is a Zestimate, Zestimates are created by applying a proprietary algorithm to public data and are intended only to provide a starting point in figuring out the value of a home.  Zestimates are not intended to take the place of Competitve Market Analyses from real estate agents or appraisals from professional appraisers.Many factors can impact the accuracy of a Zestimate including the amount of public data that is available regarding a specific home or geographic area.  If you are interested in more information about the accuracy of Zestimate data for your city, please take a look here: Data Coverage Zestimate Accuracy.Most importantly, to help make sure your Zestimate is as accurate as possible, you can use the following tools to provide additional information about your home: * Claim your home so that you can edit the home facts and post photos.  Just click on the button that says "edit home facts" on your home's details page.  For more information about claiming your home, please see Editing Home Facts.*Use the Zillow My Estimate funciton to post your own estimate of the value of your home.  For more details, see Create Your Own Estimate.I hope that you find this information useful.  If you have other questions, please just let me know.
September 07 2010