How realistic do you think Zillow home price estimates are?

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  #1  
Old 12-27-2019, 12:08 PM
starflyte1 starflyte1 is offline
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Default How realistic do you think Zillow home price estimates are?

Do you think the Zillow home estimate is even close to the value of your home?
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Old 12-27-2019, 12:11 PM
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Interesting post..some you tube videos from agents have stated Zillow estimates way off esp in the FSBO category.
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Old 12-27-2019, 12:18 PM
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I do not believe they are very accurate. They have no idea of what the inside of the home looks like.
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Old 12-27-2019, 12:30 PM
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I would think there would be huge variations in Zillow's accuracy, but from my limited experience, it's been a reasonable, very general, estimate of a home's price range.
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Old 12-27-2019, 12:49 PM
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A good ESTIMATE.


Usually the details inside are gross. Personal preferences and don't add to the value.


Zillow just uses cost per SF in an area.
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Old 12-27-2019, 12:58 PM
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Zillow compares prices of sold homes in the general area of your home. I don't believe they take into account the different styles of homes, square footage. or lot size. They don't know if your home is 100% better or less than those sold because it's all done with computer models. That's my humble opinion.
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Old 12-27-2019, 01:31 PM
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LOL! The villages market analysis put our home at $409,000 but the Zillow Zestimate is $328,000.
NOTE: Zillow is wack!
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Old 12-27-2019, 01:43 PM
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Quote:
Originally Posted by JimJohnson View Post
LOL! The villages market analysis put our home at $409,000 but the Zillow Zestimate is $328,000.
NOTE: Zillow is wack!





ugly wallpaper kills value every time.
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  #9  
Old 12-27-2019, 01:46 PM
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Quote:
Originally Posted by JimJohnson View Post
LOL! The villages market analysis put our home at $409,000 but the Zillow Zestimate is $328,000.
NOTE: Zillow is wack!
What is villages market analysis???
  #10  
Old 12-27-2019, 01:51 PM
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I saw our home value change +/-$50,000 over a month or so period. I was watching the house across the street that was not selling. Could not believe a $100,000 difference is such a short period of time, so IMHO, Zillow is not very accurate...........
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Old 12-27-2019, 01:55 PM
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The Zillow estimate for my house is about 5 percent too high. But, I am a little suspicious of the independence of Zillow. Last year, a house on my street was listed by an outside Realtor. The asking price was more than $100K above the Zillow estimate. Within a week of the house being listed, the Zillow estimate increased by almost $100K. I just wonder how that happened.
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Old 12-27-2019, 01:59 PM
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Quote:
Originally Posted by retiredguy123 View Post
The Zillow estimate for my house is about 5 percent too high. But, I am a little suspicious of the independence of Zillow. Last year, a house on my street was listed by an outside Realtor. The asking price was more than $100K above the Zillow estimate. Within a week of the house being listed, the Zillow estimate increased by almost $100K. I just wonder how that happened.



Zillow uses Selling Price in their model.


Too much work for Zillow to use Sales Price.
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Old 12-27-2019, 02:00 PM
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Quote:
Originally Posted by golfing eagles View Post
What is villages market analysis???



Tell The Villages you are thinking about selling. They will send in a SWAT Team and give you a price.
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Old 12-27-2019, 02:04 PM
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Depends on if you are buying or selling. If selling, I am hoping they are very accurate. :-)
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Old 12-27-2019, 02:09 PM
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According to a Forbes report, Zillow estimates are within about 1.9 percent of the selling price, when comparing sales prices to the Zillow estimate.

New Zillow Zestimate Accuracy
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