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Is a Zillow estimate “Zestimate” accurate? - Hailley Cheung

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Is a Zillow estimate “Zestimate” accurate?

Hailey Cheung

Monday, Jan 03

Did you hear that? Zillow is shutting down their iBuyer program because major losses were caused by Zestimate which is based on an algorithm.

Did you know? Or @zillow, Zestimate loss in gross terms of more than $80,000 per house, according to

MarketWatch.

Let’s talk about Zestimate. I find out that buyers get really caught up in what a Zestimate might be and are they overpaying or are they getting a steal? It does not in any way replace a comparative market analysis from an actual real estate agent or broker.

Contact your local agent today! If you’re interested in your home’s actual market value, myself and any of my team would be happy to help.

Do you know what your home is worth?

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