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Answers (3)
- Terry Burger, "Terry Burger"
- Contributions:4
As an agent who sells a lot of homes in East Cobb, I understand your frustration. Zillow's so called "Zestimates" are just a formula algorithm based on data collected from public sources.
Atlanta, unlike other parts of the country, doesn't calculate primarily based on price per square foot, which in my opinion adds to the mystery values found on their website. Zillow has a web page disclosing the inaccuracy percentages at this location. Strangely, no one seems to know about it. I have buyers think that Zillow is actually right. Much like the previous poster said, Zestimates should be well ignored in Atlanta.
http://www.zillow.com/howto/DataCoverageZestimateAccuracy.htm
Only 30% of their zestimates are within 5% of the sales price.
Atlanta, unlike other parts of the country, doesn't calculate primarily based on price per square foot, which in my opinion adds to the mystery values found on their website. Zillow has a web page disclosing the inaccuracy percentages at this location. Strangely, no one seems to know about it. I have buyers think that Zillow is actually right. Much like the previous poster said, Zestimates should be well ignored in Atlanta.
http://www.zillow.com/howto/DataCoverageZestimateAccuracy.htm
Only 30% of their zestimates are within 5% of the sales price.
- wetdawgs
- Contributions:26811
You can claim your home and add the basement square footage. Please note that the public records show your home as the smallest on your side of the street. If your public records are incorrect, you can claim your home on Zillow and edit the home facts. The long term solution is to contact your county assessor and make sure they have facts correct.
Out of curiosity, why does the assessor seem to have your home at the lowest value for the properties your side of the street?
While you are correcting the data, you may wish to add a lot size to your home data. The more data available, the better their estimate.
Out of curiosity, why does the assessor seem to have your home at the lowest value for the properties your side of the street?
While you are correcting the data, you may wish to add a lot size to your home data. The more data available, the better their estimate.
- David Barr, "dpbarr2000"
- Contributions:280
Zillow has to be one of the greatest marketing hoaxes foisted on the American real estate buying public.
Their zestimates are only algorithms because they are not licensed real estate brokers, nor do they have access to MLS data or employ any real estate professionals.
There is not a single local municipality, county, or mortgage lender that uses Zillow for tax assessment or appraisals. You can do quite well ignoring Zillow completely and hiring a local real estate agent to market your home for sale.
Their zestimates are only algorithms because they are not licensed real estate brokers, nor do they have access to MLS data or employ any real estate professionals.
There is not a single local municipality, county, or mortgage lender that uses Zillow for tax assessment or appraisals. You can do quite well ignoring Zillow completely and hiring a local real estate agent to market your home for sale.
How can I trust your estimates when you are so wrong on our address.??
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