Solution: Many sellers will conduct a Zestimate at some point in their research, so it is prudent for your agents, as well - informed real estate professionals, to know what
value estimate Zillow is providing.
Not exact matches
To
estimate value, we looked at recent sale records and local tax records and assessment
values, and we spoke to local realtors and experts at
Zillow and Blockshopper.
This might include your savings account, investments — including 401 (k) s, IRAs and other retirement accounts — the Kelley Blue Book
value of your car and the
estimated value of your home (which you can get from sites like
Zillow or recent sales of similar properties).
We feel it is, because with the Zestimate, we have an
estimate of the current
value of every home in the area and, thus, can estimate what the median sale price of the whole area would be if every home were sold on the same day: It would approximately equal the median Zestimate, or Zillow Home Value Index for that
value of every home in the area and, thus, can
estimate what the median sale price of the whole area would be if every home were sold on the same day: It would approximately equal the median Zestimate, or
Zillow Home
Value Index for that
Value Index for that area.
Hosting a database of more than 110 million homes in the United States,
Zillow offers information on home
values, rent
estimates, and local professionals in areas across the country.
Other account types you can add include retirement portfolios, mortgages, and even the
Zillow estimate of your home's
value.
While the
estimate may not be the actual or appraised
value of your property, this can be a much more useful too than
Zillow to gauge fluctuations and trends in your market which affect your home's
value.
Zillow or Trulia can be helpful in
estimating your home
value.
Zillow estimates the house to have a market
value of $ 5.76 million.
While the
estimate may not be the actual or appraised
value of your property, it can be a much more accurate than
Zillow to gauge fluctuations and trends in your market which affect your home's
value.
Zillow is just one measure that I use to
estimate the
value of our house, but it is in line with what I'm seeing.
There are many differing opinions on this subject, and because you can't simply call up
Zillow or Redfin to get an
estimated value on your investment, you get a wide range of answers.
For Louisiana and Nebraska, we used the Market Health Index
values for New Orleans and Lincoln, respectively; for South Dakota and Wyoming, where the Market Health Index was unavailable for any states, we ranked them based on their
Zillow Home
Value Index, another measurement the site uses to estimate the value and health of mar
Value Index, another measurement the site uses to
estimate the
value and health of mar
value and health of markets.
Even though
Zillow estimated the average Cincinnati home
value to be $ 89,000 in February 2010, that doesn't mean your home's
value isn't far beyond this statistic.
Homeowners thinking about selling have usually gotten an
estimate from a home valuation site like
Zillow or even asked a Realtor what they thought the
value might be.
According to
Zillow research, about $ 6.4 billion worth of residential real estate (an
estimated 1,700 homes with a median home
value of $ 2,859,000) are in mandatory evacuation zones for the Skirball Fire, while around $ 1.7 billion worth (about 3,100 homes with a median home
value of $ 563,500) are in the burn zone for the Creek Fire (based on the Dec. 8 Evacuation Map published by CAL FIRE).
Note: Tax assessor's
values differ from
Zillow's Zestimate, which is computed by entering numerous data points into a proprietary formula, often resulting in a more accurate
value estimate.
A Zestimate ® home valuation is
Zillow's
estimated market
value.
This is Adam's opinion and Bill Cobb does not recommend you obtain «comps» or try to
estimate your home's
value from sites like
Zillow or Trulia.
Zillow calls their individual home
value estimates «Zestimates.»
Zillow estimates that the
value of 6.5 million homes in the U.S. are still short of what the owners owe.
The median
value of homes in Maine,
estimated by
Zillow to be $ 118,000, is relatively low — not only when compared with the national median but especially next to the median home
values of neighboring states, such as Massachusetts ($ 323,800) and New Jersey ($ 273,700).
Are
Zillow home
value estimates accurate?
I have yet to see
Zillow's
estimates of home
value be accurate!
Zillow Workers Do Not Verify The Square Footage Of Your Home - This is the biggest insult of all when you consider the fact that
value is
estimated by multiplying the homes square footage by the price per square foot.
A Comparable Market Analysis from an experienced Realtor is often the best indication of
value for a few reasons: (1) it is far cheaper and faster than a formal appraisal; (2) it is often more accurate than appraisals and far more accurate than a
Zillow, Trulia, Redfin, etc.
estimate.
You might be able to give a very rough
value estimate range, which of course is what
Zillow does, but when you have a
value range with a difference of $ 50,000 to $ 100,000 what good is that?
«The Zestimate ® home valuation is
Zillow's
estimated market
value, computed using a proprietary formula.
One simple method is pointing out what
Zillow publishes on its own website about its Zestimates: «The Zestimate home valuation is
Zillow's
estimated market
value, computed using a proprietary formula.
Its median home
value is
estimated to be $ 179,000 by
Zillow as of May 2015, which is right on par with the national median of $ 179,200.
Maine The median
value of homes in Maine,
estimated by
Zillow to be $ 118,000, is relatively low — not only when compared with the national median but especially next to the median home
values of other Northeast states, such as Massachusetts ($ 323,800) and New Jersey ($ 273,700).
Although there are other independent measures of a home's
value, including
Zillow's rival Trulia's
estimate and independent home appraisals, a home's
Zillow Zestimate is considered by many buyers to be the most reliable gauge of a home's
value.
--
Zillow estimates that U.S. homes gained $ 1.3 trillion in
value during 2012, the first year of cumulative gains since 2006.
The word Zestimate, itself, conveys that the
values are merely
estimates,
Zillow said.
A lawsuit aimed at stopping
Zillow from
estimating home
values on the popular website has been dismissed by U.S. District Court Judge Amy St. Eve.
It's critical that first time home sellers avoid some of the inaccurate ways to price a home, such as using the homes assessed
value or using an online home valuation
estimate, such as
Zillow's «Zestimates.»
The plaintiffs in the suit claimed that those
estimates injured them as they tried to sell homes because
Zillow gave their properties lower
values than the asking price.
Glenview attorney Barbara Andersen had argued in the case that the practice of listing
values without being a licensed appraiser was fraudulent and that
Zillow's
estimates confuse people.
We never use
Zillow Z -
estimates or tax assessments to determine
value.
Zillow currently
estimates its
value at $ 2.73 M. have great Credit History
Use this Home
Value Estimator tool to get five value estimates from leading sources, like Zi
Value Estimator tool to get five
value estimates from leading sources, like Zi
value estimates from leading sources, like
Zillow.
Zillow's
estimate of a residential property's «fair market
value» which the lawsuit states they know «to be inaccurate,» have allowed «only select brokers to conceal the display of Zestimates on their listings to the exclusion of the general public.»
Calculated using both public and user - submitted data,
Zillow ® calls its
estimates a starting point in determining a home's
value.
While
Zillow offers many excellent features on their real estate site their
estimate of
value feature is not one of them.
Zillow was founded in 2004 and provides online listings for more than 100 million homes and boasts a feature called a «Zestimate» for
estimating property
values.