jason s.

I've been following home estimated values on Zillow as well as other real estate sites for a few years now. One thing I've noticed consistently from Zillow is that their estimated zestimate forecast is always wrong and usually way beyond low-balled. For example my home has been appraised at purchase by the bank as well as I had my own appraisal done. Both of the appraisals came in 25% higher than the Zillow Zestimate. Needless to say that is a huge margin and I dont think its right for Zillow to post false data on home estimates, because when it comes time to sell a home this will raise questions and concern to a buyer reviewing Zillows info on a home priced more than Zillows estimate. If you look on other similar sites you will find the estimate values to be more and right around the asking price of the seller. Another detail I've noticed is they have not updated their Satellite views with the latest available ( you can check this against google maps). This is essential in the purchasing perspective as people like to scope out the aerial view of the home they have interest in.