Zillow Zestimates, also known simply as “Zestimates,” are automated property value estimates generated by the Zillow platform. They use a proprietary algorithm to calculate an estimated market value for a property based on various data sources, including public records, tax assessments, and information about comparable properties in the area.
The accuracy of Zillow Zestimates can vary significantly depending on several factors:
While Zestimates can provide a rough estimate of a property’s value, they should not be relied upon as the sole determinant of a property’s worth. If you’re buying or selling a property or need a precise valuation for financial purposes, it’s advisable to consult a licensed appraiser or a local real estate professional who has access to up-to-date, localized market data and can provide a more accurate assessment of a property’s value. Zestimates can serve as a starting point for understanding the market, but they should be used cautiously and in conjunction with other sources of information.
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