Understanding Zillow, the Zestimate, and Hidden Factors in Calculating Your Home’s Value
by Alex Wang | Contact Alex Wang w/ Questions
Zillow has become a and useful tool for sellers, buyers, and real estate agents, however quite often, when I am trying to explain the market value of a home to a potential buyer or seller, I will hear the famous words: "But Zillow says … !"
Kudos to Zillow for providing a detailed video explanation on "Understanding the Zestimate". Zillow doesn’t have the last say, but is definitely a great tool that you can use when starting to evaluate a home’s value.
Next time you are evaluating the price of a home, don’t forget to check out our article on the hidden factors in calculating your home’s value.
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October 19, 2009 | Filed under: Home Buyers, Home Owners 4 Comments »
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Isaac Toussie Looks At Real Estate in Florida
The current economic problems have visited Connecticut as well, but there is no condition of oversupply in the state; inventory levels have been consistent, probably due to Connecticut housing not being subjected to the amount of land speculation that other places have gone through, such as Florida and Nevada.
Hi Alex,
Rachel from Zillow here,
Thanks for the post! This reinforces that determining market value of a home cannot and never will be done, on a computer generated number alone. You listed great points for calculating your homes value!
Rachel
Thanks Rachel. Keep up the great work, Zillow is doing a great job in providing some great information, content, and data for Silicon Valley home sellers and buyers.
I like this blog very much keep it up.