Zillow is losing millions on selling homesBut its CEO Rich Barton isn't  worried - CNN

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Remember, it's a computer system that chose this - not an individual.  Look At This Piece  might see your Zestimate increase or down with time when Zillow updates how it weighs different data points in the algorithm. Piper-Brandon discusses all this at higher length: "Zillow will take all the homes in a zip code and bundle them together, and then typical all the single household houses with about 1,500 square feet and 3 bedrooms and 2.

How To List Your Home on Zillow FSBO - For Sale By Owner - Zillow.com  Walkthrough - YouTube

So, for instance in 21060, a zip code in Anne Arundel County, they will take a 1032 square foot rancher - some have a basement, some do not, however Zillow does not differentiate and one street is truly great with desirable homes, one has a number of distressed properties and the houses aren't as well kept but once again - Zillow doesn't differentiate.

That's why you need a Realtor that recognizes with the demographics and characteristics of the neighborhood, rather than a computer system on the other side of the nation."Why the Zestimate can affect your house selling experience, As any knowledgeable Real estate agent can inform you, feelings affect how we buy and sell houses.

Likewise, if you believe the Zestimate to be more or less precise - just to have a professional appraisal show your home is worth far less - you may struggle to feel good about the selling process. Confirmation predisposition also indicates that people are more inclined to believe data that backs their beliefs - and it's popular in the real estate industry that individuals often believe their homes deserve more than they actually are.

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What you can do to get the most accurate reading of your home's worth, Understanding your home's true market value can help you decide whether, and when, to offer. Here's a few ways you can much better understand your home's value. Make use of competing house worth tools available through Redfin, , and Trulia.