Profile picture for rhinelander

How can you devalue a property over 18% in 30 days?

No houses have been sold recently within this neighborhood, (8 Shadwell Rd., Nashua, NH 03062) yet your computer reduces the value of the property by 18%.  I find your property value estimates, wild guesstimates with little or no validity.  I do understand the economic impact going on - I'm in the bldg. products industry.  I'm sure you'll give me your standard computerized answer, DA.
  • September 10 2010 - Nashua
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Answers (3)

Profile picture for zepinaz
Zilllow is a joke and everyone know it. Their valuations/zestimates are meaningless. This site is only of entertainement value.
  • September 11 2010
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Zillow does not give stadard computerized answers, people like yourself from around the country do....

Your value did not go down 18%, only Zillows 'guesstimate'....dont worry about your value, youll only find out how much your home is REALLY worth if and when you go to sell it....
  • September 11 2010
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When statistics are  used to determine value, it depends on the stats used as to whether the information garnered makes any sense.  With too few properties coming up in your analysis, the results are often skewed.  Given time for the "bigger picture," the results should even out. If only one property sold in an area during the period of time you are using for the analysis, and it sold for 18% lower than the last averages, that becomes the average.  It's tough not to occasionally have that type of result when analysis  are automated.
  • September 10 2010
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