August 2014

Found 1 blog entry for August 2014.

How accurate is a Zillow Zestimate in Austin, TX? That is one of the most common questions I am asked about Austin real estate. Let’s take a look at what a Zestimate is, what their limitations are in Texas and how accurate Zillow says their Zestimates are in Texas.

What is a Zillow Zestimate?

A Zestimate is a computer generated estimate of market value. On their website Zillow makes it clear it is not an appraisal, they don’t see the home, don’t know about any upgrades and there is no ability for a human to manually alter the Zestimate for a specific property.

Zillow says it should be a starting point in determining a home’s value. On their website they recommend buyers and sellers get a market analysis from Austin real estate agent like myself

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