On at least one occasion I've had an experienced agent mock me for giving any credence to Zillow Zestimates surrounding a home. In this article, I wanted to set the record straight about why I feel it's a good idea for me to point buyers to area Zestimates prior to seeing a home where the surrounding Zestimates were substantially lower than the list price of the home. I'll also be providing some other information in the process such as regarding the Zestimate value prior to listing vs the actual value of the home.
How can Zillow Zestimates be Beneficial for Buyers? Value of the Home Itself
How can Zillow Zestimates be Beneficial for Buyers? Value of the Neighborhood
How can Zillow Zestimates be Beneficial for Sellers?
Accuracy Basics
Where Zestimates have a hard time:
Where Zestimate Accuracy is Highest
Zestimate Adjusts After On Market Within 1 Week