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Can a quick sell because of divorce skew the stats for Zillow. My offer now seems way to high?

Contributions: 1

Q&A

:1

My offer was made before I knew the house sold last year for the same amount I just offered. Looking at the stats on Zillow my offer shoud have been around 85K less. This seems way too high. The house is on Bethany Curve in Santa Cruz.

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May 27 - Santa Cruz

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Spencer Rascoff, "spencer"
Contributions: 1300

Spencer Rascoff, "spencer"

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Spencer from Zillow here,
totally agree-- the Zestimate is just a starting point. A more accurate opinion of the home's value can be had from an agent or an appraiser.

Here's a video with more info.

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May 27

NTETS, "Caveat Emptor"
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NTETS, "Caveat Emptor"

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you should be offering between '95 and 2001 prices, if it JUST SOLD LAST YEAR IN SANTA CRUZ CA, then yes, in this case house prices have fallen off a cliff and you should not even be in the same ballpark. sorry, but its buyers remorse and they want to stick you with a depreciating asset... dont get discouraged, but do get informed or get an agent... you should know what it is worth before you start submitting offers.

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May 27

Jeremy Patterson, "jeremy755"
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Jeremy Patterson, "jeremy755"

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I agree with Ted. Don't let the zillow values discourage you. Although zillow is a great guide, it is not perfectly accurate for current values. Banks will go off most recent 3 months of sales. The market if very volatile, but stay positive.

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May 27

Ted Mendoza, "Teddy Bear 930"
Contributions: 2

Ted Mendoza, "Teddy Bear 930"

Real Estate Agent

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:2

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Dear SantaPaul,

Sit down with your Realtor and have them show you what avaliable and whats pending and whats sold in the last 4 months.

Have them put you in the car after that and show you the properties that
are close to your.

Good luck to you and God bless you,
Ted

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May 27

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Question Can a quick sell because of divorce skew the stats for Zillow. My offer now seems way to high?

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May 27

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Can a quick sell because of divorce skew the stats for Zillow. My offer now seems way to high?

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Question Can a quick sell because of divorce skew the stats for Zillow. My offer now seems way to high?

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