Zillow Home Value Estimate: A Comprehensive Guide
A Zillow Home Value Estimate (Zestimate) is an automated estimate of a home’s value, generated using a proprietary algorithm that analyzes data from public records, user-submitted information, and comparable home sales. Zillow’s algorithm is continuously updated, and it takes into account a variety of factors, such as the home’s location, square footage, number of bedrooms and bathrooms, and recent renovations.
Zestimates are widely used by homeowners, buyers, and sellers to get a general idea of a home’s value. They can be helpful for setting a listing price, negotiating an offer, or simply tracking the value of a home over time. However, it’s important to note that Zestimates are not appraisals, and they should not be relied upon as the sole basis for making financial decisions.
