When shopping for a house to buy, there are many different online tools to choose from. One tool that can provide you with a lot of information about homes that are available for sale is Zillow, which an online real estate database that was first established in 2006. Below are several frequently asked questions and answers that will give you more insight into Zillow and how it works.
Are Zillow Zestimates Accurate?
When looking for properties on Zillow, the majority or properties in the database will have a “Zestimate”, which is a real estate estimate provided by the Zillow database. Overall, the Zillow estimates are considered to be fairly accurate as they take into consideration recent sales and other listings for comps in the local market as well as tax records. However, the value accuracy is only as good as the information available. If the information on the home, such as the square footage, number of bathrooms, etc. is wrong, the Zestimate will be less accurate as well. Continue reading