From the course: Analyzing a Real Estate Deal

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Zestimating the value of the home you are looking at

Zestimating the value of the home you are looking at

From the course: Analyzing a Real Estate Deal

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Zestimating the value of the home you are looking at

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- [Instructor] To begin with, you can quickly look at what we call the Zestimate. It's Zillow's automatic mathematically calculated value for the home you're looking at. That's right, you'll type in the address. You'll click search, and boom, a Zestimate will appear. It's effectively a digital appraisal for the home. Now you have to be careful. This is a free tool and they take free information they find on the internet. Well, we all know where that can lead sometimes. So it's not definitive. You'll never make a final decision, but it is helpful. For example, let's say that your seller is asking $100,000 for their property, and on Zillow, you find the Zestimate for that property is $180,000. Sounds exciting to me. Worth another look. What you'll do on Zillow is you'll first look at the Zestimate to get to just a really, really super quick view. But then what you can do on Zillow is you can move to a map view and that…

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