It is not uncommon for clients to approach me with a value for a home based on an “zestimate” given by Zillow. As a real estate professional, sometimes I have agreed with Zillow’s estimate and sometimes I have not. It can be challenging to explain to a client why the Zillow number is different than my assessment but now Zillow has come forward with a good video explaining the zestimate system. Kudos to Zillow for this information. I would also add that I use Zillow’s IPhone application a great deal. It is one of the better applications for getting a big picture view of the neighborhood and currently is the fastest to load. Take a look at the video from Zillow’s Sara Bonert. I think it is a great overview and points out some key information on the site that many may have overlooked.
Tags: Market Information
