Extremely low Zillow estimate

Profile picture for tnappy
 Can I please have someone from Zillow review the estimate for my home located at 106 Sherman Ave., Bayville, NJ 08721 ?  I have added a comment to my home. These homes were all recently reassessed at the same time. Why are the other homes in this area values listed as a few percent above the tax assessed value, and mine is at $66,000 less than the assessment? I plan to put this house on the market in the near future, and people do look at this site for values. Please look at the picture on your site of this home! The square footage is also wrong on the site.
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November 10 2011 - Berkeley
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Profile picture for wetdawgs
It looks as if you've claimed your home and edited square footage and other facts.  That is exactly what I'm going to suggest.   It takes time once the edits have happened for the Zestimate to respond, the time frame is a few weeks to a few months.  The last one I watched carefully was 8 weeks.
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November 10 2011
Profile picture for tnappy

Thanks to everyone that responded to my question. I should have done more research on the site before I posted. I also actually thought that I was posing my question directly to the staff at Zillow.

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November 11 2011
Profile picture for TopNJAgent
Wow, I learned something today - I had no idea it took so long for adjustments to take effect in a Zestimate.  I would agree that this is an area where Zillow could improve.
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November 11 2011
Profile picture for wetdawgs
Zillow can redo the Zestimates quickly in response to editing the facts, but they've chosen not to for reasons they keep to themselves (and they do not discriminate, the timing is true for everyone).   That is their business decision and their choice.   Some have different opinions, not unusual in this world.   If I were selling, I'd love to have the Zestimate as high as possible.  If I were refinancing, I'd report lenders who pull up the Zestimate

What is your opinion of the dozens of other AVMs? 

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November 10 2011
 

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Profile picture for tnappy
QuestionExtremely low Zillow estimate
  • Latest answer by tnappy
  • November 11 2011
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