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Profile picture for mkpettinger

Hello. I live in Portland Oregon and we have a home whose Zillow price is $545k and we think that is

  • July 12 2012 - Laurelhurst
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Answers (4)

Profile picture for wetdawgs
  • July 13 2012
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Profile picture for user8357622
I'm sorry, but that's the stupidest thing I've ever heard.  This site claims that the "Zestimate" is totally inaccurate, but puts it up there right next to your asking price anyway.  It's totally irresponsible of Zillow to do that and I want my home taken off the site. These are garbage listings anyway and the info is incorrect.  I Advise anyone looking for a home to use another listing site if you want correct and up to date information- you're not going to get it from Zillow.
  • July 13 2012
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Profile picture for wetdawgs
The FAQ "What is a Zestimate?" provides background information on interpretation of a Zestimate as well as some actions you may be able to take.

You've posted in "refinance".  Please note in the link provided that lenders are in violation of Zillow's terms of use if they use Zestimate for refinancing decisions.

  • July 13 2012
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A Zillow "Zestimate" is in no way shape or form accurate. You nor anyone else should rely on it for a solid basis of value for any purpose. There is no correcting it as it is based on an algorithm of comprised and incomplete data. You can claim your home and make changes if it helps you feel better but it is still never going to be a true determination of value. 

Values themselves are subjective whether you are an agent, buyer, seller, lender, and/or an appraiser.  If you are looking to refinance your lender will assign an appraiser. If you are looking to sell your agent will prepare a Comparative Market Analysis.  

Hope it helps!
  • July 12 2012
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