The Real Estate Encyclopedia
What exactly is a Zestimate?
Category - Home Buying Questions - Search & Offer FAQ's
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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Category(s)
Home Buying Questions - Search & Offer FAQ's
Home Selling Questions - Agent, Offer & Commissions FAQ's
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