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Real Estate
Reply to "Yikes. I just bought a house for 100K above the Zillow Zestimate."
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[quote=Anonymous]zillow uses regression analysis based on key factors that drive a home price. sq ft, lot size, and of course comps. All available from public tax records. Their algorithm is not fed information about the interior of the home, the quality of construction, and all the zillion other factors that can affect a home price. As such, the z estimates are based on limited info. It can get close, but will never be precise without much more data (data that is hard to obtain) Take z estimates with a grain of salt.[/quote]
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