Zillow and the "Zestimate" - what you need to know

In today's video, I discuss Zillow and the "Zestimate" function within zillow. I share why Zillow is not the best way to determine the value of your home or any home you are looking to buy. 

From Zillows website:

The Zestimate® home valuation is Zillow's estimated market value, computed using a proprietary formula. It is not an appraisal. It is a starting point in determining a home's value. The Zestimate is calculated from public and user-submitted data, taking into account special features, location, and market conditions. We encourage buyers, sellers, and homeowners to supplement Zillow's information by doing other research such as:

1. Getting a comparative market analysis (CMA) from a real estate agent
2. Getting an appraisal from a professional appraiser
3. Visiting the house (whenever possible)

Zillow and the "Zestimate" - what you need to know