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TiltonBB · 12-10-2020, 07:44 AM

I agree that Zillow is usually inaccurate. There are alot more accurate ways to determine the value of a property.

Here is what they say about their method for determining value:

A Zestimate is an estimate of a home’s value based almost entirely on publicly available information. So what’s the formula? Think of it as Zillow’s version of 11 herbs and spices, or our secret sauce. That is, it’s a proprietary calculation based on past sales, mortgage records, tax assessments and building documents, including the age and size of the home. And the formula changes as new data and information emerges.

All that data gets crunched and calculated by a computer program and turned into a best-guess Zestimate of your home’s value. Zestimates include in a low to high value range with your home’s true market value likely to fall somewhere within that range. What the secret formula can’t factor in are any upgrades and intangibles that don’t make it into county records.

12-10-2020, 07:44 AM	#34
TiltonBB Senior Member Join Date: Feb 2005 Location: Gilford, NH and Florida Posts: 2,897 Thanks: 644 Thanked 2,153 Times in 900 Posts	I agree that Zillow is usually inaccurate. There are alot more accurate ways to determine the value of a property. Here is what they say about their method for determining value: A Zestimate is an estimate of a home’s value based almost entirely on publicly available information. So what’s the formula? Think of it as Zillow’s version of 11 herbs and spices, or our secret sauce. That is, it’s a proprietary calculation based on past sales, mortgage records, tax assessments and building documents, including the age and size of the home. And the formula changes as new data and information emerges. All that data gets crunched and calculated by a computer program and turned into a best-guess Zestimate of your home’s value. Zestimates include in a low to high value range with your home’s true market value likely to fall somewhere within that range. What the secret formula can’t factor in are any upgrades and intangibles that don’t make it into county records.