Did my recent refinancing affect my zestimate?

jdrunbike
Contributions:3

My recent re-fi was listed as a "sale" on the zillow sales history for my home. At the exact same time, my zestimate fell significantly and I'm suspicious that the re-fi may be to blame. Though it technically is a sale, it wasn't an open market sale and isn't reflective of the value of my property. I've flagged the transaction a couple of times but it is still there. Does anyone know if zillow differentiates between re-fis and actual open-market sales? Thanks, Jon

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February 07 - Redmond

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Answers (3)

Ice L.
Contributions:11285

Jon -

We exclude all non arms-length transactions when calculating Zestimate.

I've submitted a request to remove that transaction. We will send you an email once completed.

Thank you.

Ice
Zillow Customer Support

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February 09

jdrunbike
Contributions:3

Dave, sorry for the confusion - it wasn't a sale, just a re-fi. I dug a little deeper and found out that as part of the re-fi process, a mistake was found in the original filing of my county documents, so the sale documents had to be re-filed. I think that because the county sales documents were re-filed, zillow picked up on that as another sale even though it was not a sale, just a correction to the original sale. I've flagged it again and hope it gets removed from my sales history.

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February 07

Dave Skow, "daveskow"
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was the transaction a " sale " or a refi ? you state " Though it technically is a sale" ?? confused? Maybe the better question you meant to ask is " Does anyone know if zillow differentiates between a " closed - market " sale and a and actual open-market sale???? " "