(Jeff Sorg, OnlineEd) – Zillow® announced today that homeowners can now see an immediate change to their Zestimate® home value when they edit facts about their home on Zillow. Previously, it took as long as several weeks for the Zestimate to update.
Zillow calculates Zestimates for 100 million U.S. homes using a sophisticated and proprietary algorithm that incorporates millions of data points from public record and user-submitted data. Since 2006, Zillow’s community of users has updated more than 50 million homes, significantly enhancing Zillow’s living database of all U.S. homes and adding rich data beyond what is available anywhere else.
Today, when a homeowner updates the number of bedrooms, bathrooms, square footage, lot size, year built or structural remodel year, the algorithm will immediately recognize those changes and update the Zestimate accordingly. The change in estimated value will depend on several factors, including the home’s location and the breadth of changes to a home’s facts.
In order to edit their home facts, homeowners first need to claim their home on Zillow.com or a Zillow mobile app by clicking “edit” on their home details page, and follow the simple prompts. Once a home is claimed and confirmed, homeowners can update their home facts.
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This article was published on February 27, 2015. All information contained in this posting is deemed correct and current as of this date, but is not guaranteed by the author and may have been obtained by third-party sources. Due to the fluid nature of the subject matter, regulations, requirements and laws, prices and all other information may or may not be correct in the future and should be verified if cited, shared or otherwise republished.