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| The Real Estate Encyclopedia |
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| What exactly is a Zestimate? |
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| Category - Home Selling FAQ's - Agent, Offer & Commissions
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A Zestimate home valuation is Zillow's estimated market value. It is not an appraisal. Use it as a starting point to determine a home's value.1
Zestimate (pronounced ZEST-ti-met, rhymes with estimate) 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 pulled from data; your
Zillow encourages buyers, sellers, and homeowners to supplement Zillow's information by doing other research such as:
* Getting a Comparative Market Analysis (CMA) from a real estate agent
* Getting an appraisal from a professional appraiser
* Visiting the house (whenever possible)
* Creating your own estimate using the My Estimator home valuation tool
For more information see Zillow.
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