Zillow vs Appraisal Ethics Rules
Although Zillow claims that the Zestimate is not an appraisal it appears that the majority of the public considers them as such. In my conversations with local real estate agents I hear countless stories about how home sellers believe in the Zestimate, and because of this, they pressure the agent to list the home for the value given, especially if it is higher than what the agent believes they can sell it for.
Zestimate vs. Appraisal
Because so many people do see the Zestimate as an appraisal I thought I would take a look at how the two compare when it comes to what is required to be done from an appraisal standards perspective. Read more »