Zillow states on its website that it is a “useful starting point” to assist homebuyers with valuing real estate properties. Some real estate investors say that though Zillow is indeed a data resource, it can mislead investors about the real value of property.

They claim that Zillow Zestimates seldom reflect what is happening on the ground in neighborhoods that they know well. However, some new real estate investors seem to rely on Zillow as their main starting point for property values.

Close examination suggests that Zillow might not be a good tool for gauging real estate investment property values.

The Washington Post reported in February that the error rate for Zestimates “can be high.”

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