Are Zillow Estimates Reliable?

For various reasons, consumers often want to know the value of a home. Zillow is a popular site that consumers often use for that purpose. Zillow's estimates, termed "Zestimates," are steadily becoming a household term when discussing the value of a home.

As a homeowner, you may want to inquire about the change in your home value for many reasons, ranging from: refinancing considerations to just wanting to know how much your new neighbor paid for her house.

Although you may want to rely on Zillow as a one stop shop for accurate home value estimating, the question remains whether you should! Attemping to learn about a homes value through the use of Zillow could cause some serious miscalculation on your part.

In fact, real estate agents get asked all the time - are estimates from Zillow accurate? For many agents, Zillow has become the bane of their existence. Agents are constantly having to explain to consumers that you never want to rely on an algorithm to predict the value of a home...