Quote Originally Posted by Jim Becker View Post
Brian, ZEstimate is a pretty reliable thing at this point and is rarely far off from a selling price. If anything, it's been low recently on quite a few places we've looked at. And prices have gained substantially. The offer we made early in the week was for $65K over listing on a property that was clearly undervalued after a comparable sales
The reason I think Zestimates, at least for my property, are not accurate is because last February my property had a Zestimate of $325,000. The appraisal for my refinance at the end of March 2020 was $300,000. The current Zestimate for my property is $392,000 which would be over a 30% increase in less than one year from the $300,000 appraised value.