Profile picture for gmeckel75

Can you CORRECT our Zestimate ?

Our house, 215 S. Genoa St., Genoa, IL 60135 is currently at a Zestimate of $165K !?  This is WRONG !!  Our neighborhood is still in a downturn and our neighbors house prices in the $102K range is more correct.  We had an appraisal last month and that appraisal for our house came out to only $100,000 by a certified appraiser of course.  Please correct your pricing structure to refelect the true albeit depressed value of our home.
Thank you,
George M.
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October 25 2011 - Genoa
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Answers (2)

The "zestimate" is an algorithm that Zillow uses to estimate home value.  As instructed by customer support, this is only an estimate and not a personal inspection.  If your trying to sell or refinance the appraisal or CMA from a local agent are much more accurate based on location and market conditions.  This estimate is simply a sight-unseen estimate based on history and market conditions.  I wouldnt stress their numbers!
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October 25 2011
Profile picture for Neil R
Hi GeoMeckel -

Zestimate is just a starting point to know the home's estimated market value. Since we don't check the properties personally, some factors that might affect the property's value is not included in the Zestimate. You might want to update your home facts but just a heads up, if the changes were not significant enough, the zestimate might not change. Also, you would need to wait for a week or so for the Zestimate to be updated.

Thank you.

Neil
Zillow Customer Support
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October 25 2011
 
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Can you CORRECT our Zestimate ?
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