Yeah, the more comparable transactions, the better the estimate. The Zestimates will always be better in neighborhoods with a decent number of recent sales and will always do better when prices are stable as opposed to rising or falling. Some properties truly are “one of a kind”, and those are much harder to estimate mathematically compared to model homes on the same street or condos in the same building where there have been recent sales.

Yeah, the more comparable transactions, the better the estimate. The Zestimates will always be better in neighborhoods with a decent number of recent sales and will always do better when prices are stable as opposed to rising or falling. Some properties truly are “one of a kind”, and those are much harder to estimate mathematically compared to model homes on the same street or condos in the same building where there have been recent sales.

Yeah, the more comparable transactions, the better the estimate. The Zestimates will always be better in neighborhoods with a decent number of recent sales and will always do better when prices are stable as opposed to rising or falling. Some properties truly are “one of a kind”, and those are much harder to estimate mathematically compared to model homes on the same street or condos in the same building where there have been recent sales.

I personally think they have my house under estimated and I think they over estimate in some neighborhoods, so my official opinion is they are still messed up! Then again as I get older I am realizing that it really is location location location but not because of the land, it is the people who are your neighbors that really matter.

I personally think they have my house under estimated and I think they over estimate in some neighborhoods, so my official opinion is they are still messed up! Then again as I get older I am realizing that it really is location location location but not because of the land, it is the people who are your neighbors that really matter.

Why even follow the zillow estimates? You can do a much better job yourself in estimating market value just by paying attention to the MLS. In my experience, Zillow is less accurate that cyberhome or eappraisal.

If automated programs were to work well, seems like they would work best in a stable market. This market is anything but stable. There are two markets really: the all cash market and the FHA market which the flippers are selling to.

Why even follow the zillow estimates? You can do a much better job yourself in estimating market value just by paying attention to the MLS. In my experience, Zillow is less accurate that cyberhome or eappraisal.

If automated programs were to work well, seems like they would work best in a stable market. This market is anything but stable. There are two markets really: the all cash market and the FHA market which the flippers are selling to.