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Answers (2)
- wetdawgs
- Contributions:26470
If the Zestimate is $500 k, the Zestimate range is likely to be something like $400 to $600 k (open the property details to see this range).
The actual market value could be within that range or might be higher or lower.
I would get comps using properties that have actually sold within the last three months in the neighborhood, and use those to judge the offer. The Zestimate is only a starting point for comparing properties, and but not by itself sufficient for pulling together info for making an offer.
The actual market value could be within that range or might be higher or lower.
I would get comps using properties that have actually sold within the last three months in the neighborhood, and use those to judge the offer. The Zestimate is only a starting point for comparing properties, and but not by itself sufficient for pulling together info for making an offer.
- Vince Curtis, "SoCal Appraiser"
- Contributions:4680
Typically a range is just that, and if an (Z)estimate of value or appraisal value is at ONE end of the range or the other, its because of certain factors, ie the market is going UP. Short of having those factors interrupeted for you, I just would not place much weight on either one.
If you are considering making an offer on a property, I would suggest consulting with a professional and local Realtor who knows the area, and not depend on Zillows Zestimates nor their range for an important decision.
If you are considering making an offer on a property, I would suggest consulting with a professional and local Realtor who knows the area, and not depend on Zillows Zestimates nor their range for an important decision.
Difference between the zestimate and value range
between $300K-500K?
Where would you begin on placing an offer?
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