Zillow’s Zestimate: Even the CEO Doesn’t Rely on Them
One issue we encounter on a daily basis revolves around Zillow’s Zestimate and other online home valuation tools. These mega real estate search tools and online “Value Your Home” calls to action have become household names and are influencing buyers and sellers into believing these prices are legitimate real estate appraisals.
Unfortunately, that’s just not the case.
According to Zillow, a Zestimate is calculated via a computerized algorithm based on millions of public and user submitted data points and “Our data sources may be incomplete or incorrect; we have not physically inspected a specific home. Remember...Read Full Post →