Home  Top Stories  Sports  Entertainment  Health News  Business  Personal Finance 
Real Estate  Business Finance  Insurance  Consulting 
Tax News  Forum



Featured Articles



Click Here For The Wall Street Journal


Home and Leisure Article


Zillow.com Free Home Evaluation Online - How Does it Work Using Aerial Images and Comparables - Real Estate Appraisals More Accurate

May 14th 2006

Zillow.com Free Home Evaluation Online - How Does it Work Using Aerial Images and Comparables - Real Estate Appraisals More Accurate

Home and Travel

Homebuyers and sellers have a new tool that will help them determine the value of their home or homes they are considering buying. Zillow.com is a new website that allows visitors to quickly get a zestimate of a property’s value.  What’s more, you can get a birds-eye (low altitude) view of the house and estimates for homes in the area. 

Not only can you see the house from the front, but you can also see it from the back and sides using a 45 degree-angle view from the sky.  Zillow worked out a deal with Microsoft to use their Virtual Earth platform. They supplement these images with ones taken by Pictometry (these are the 45 degree angle views), a supplier of low flying photographs from planes.  


Zillow, founded by the creators of Expedia, is a free service and is primarily funded via local advertising. So far, since February when Zillow opened for business, the information provider moved up the ranks to become the fourth most popular real estate website, according to Hitwise. 

The Zillow zestimates are only available for certain areas around the country, but plans are in the works to include more.  They offer estimates of property values in metropolitan areas across the country including Seattle, Los Angeles, New York, Chicago, Philadelphia, San Francisco, Detroit, Boston, Dallas, Houston, Miami, Phoenix, Minneapolis, Cleveland, Denver, Tampa Bay, Pittsburg, San Diego, Saint Louis, Cincinnati, Kansas City, Sacramento, and Orlando. 


The zestimate accuracy may depend on location.  According to Zillow, some counties provide more data than others.  Some agencies may not include the number of bedrooms, bathrooms, and square footage of the home.  Zestimates are not meant to be a replacement for an appraisal, but just a quick method to determine values using comparables.

If Zillow can not come up with an estimate, the site will notify you that there is no data.  Amazingly, the program may become more accurate in the future by continually testing itself.  According to the company, they go back in time and compared the historic Zestimates with the actual transaction prices of homes that sold.

Comment on this Article at our Forum

Submit your own Article

Real Estate and Home Improvement news

Personal Finance News Special Topic

  RSS Personal Finance News Feed

  RSS Feed to our Real Estate News

  RSS Feed to our Business News

  RSS Feed to all of our News

Add to Google Add to My AOL
Add to My Yahoo! Subscribe with Pluck RSS reader
Subscribe in NewsGator Online
Add this feed to Your C-Net
Subscribe in Bloglines Subscribe in Rojo

Dan Wilson
Best Syndication

Real Estate

Keywords and Misspellings: refinancing refi home loan homeloans refinansing  investmint investing intesters socks

Web BestSyndication.com

About   Contact   Site Map

Copyright 2005 Best Syndication                   Last Updated Saturday, July 10, 2010 09:51 PM