Can yo u explain why my house is grossly misvalued?

Profile picture for joodr
Zillow values my house at only a little more than 1/2 of where it would sell if I put it up.  This comes from reliable local real estate agents.  The zillow estimate excludes an adjacent  lot of 1/3 of an acre that adds significant value to the overall property.  It is unfair and incorrect that you publish a misleading valuation of my property, and i want t oknow how I can get that changed.
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0Yes

September 04 2011 - Irvington
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Profile picture for Going the Extra Mile
A zestimate is an algorithm based on square footage, bedrooms, bathroom as well as comparable sales compiled from public tax records. If there weren't comparbale sales recently it could be off drastically and the zestimate does not factor in condition or renovations. It is an estimate not an appraisal. Sometimes they are off by 20 or more depending on how old the recents sales in the area are. Remember, sometimes from the time a house closes to when the sale is recorded in the public domain, it can take up to six months.
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November 10 2011
Profile picture for SoCal Appraiser
http://www.zillow.com/wikipages/What-is-a-Zestimate/

Read through this link...
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0Yes

September 04 2011
 

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Profile picture for Steven Geiger
QuestionCan yo u explain why my house is grossly misvalued?
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