How to shop for a home online
While Trulia, Homes.com and Zillow each include an estimated value for listed homes, Realtor.com doesn't provide this information. The Zestimate is Zillow's estimated market value for a home.
"It's a starting point in determining a home's value - not an appraisal," says Curnutte. "The Zestimate is computed using a proprietary formula that incorporates public and user submitted data, and is refreshed for all homes three times a week. We also supply consumers with a Zestimate value range and a tool to comment on the Zestimate or post their own home value estimate."
"At Realtor.com, we believe a local Realtor is absolutely the best resource for what a home should be priced," says Alison Schwartz, vice president of corporate communications for Move, Inc. the operator of Realtor.com in San Jose, Calif. "They know the local area more than anyone and have insight into what is going on in the markets."
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