How can you value a condo next door to me, same sq. ft, same upgrades, at $37,000 more?

Profile picture for janthomson
I don't understand your valuation system!  I live in a large condo complex, and you have valued several different condos of the same size at all different prices.  The one right next door to me in the same bldg. with basically the same upgrades is valued $37,000 higher.  What do you base this on?
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July 19 2009 - Santa Teresa
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Answers (2)

Profile picture for janthomson
I would like to report this inaccuracy!  Now Zillow has my condo valued at $56,000 less than the one next door!  I can't believe it.  I thought asking my question would be get a response from Zillow, but no one but you has replied.  Do you know how I can contact Zillow directly?
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July 27 2009
Jan,

Your dilemma is one of the reasons why Realtors do not like it when Buyers and Sellers use Zillow for Zestimates. Zllow sometimes right on and sometimes way off. But, as frustrating as this is, I do not think you should worry too much. A person looking on Zillow who is interested in seeing condos in your building will end up finding a Realtor.  The Realtor will provide them with information directly from the MLS. Your condo will be shown as much as the others in your building. What I am saying is that your property wil most likely not be skipped over because Zillow has it incorrectly valued.

But that being said, Sellers are often mislead by Zillow mistakes. The bigest weakness for Zillow is the Zestimates. I pay a hefty yearly price for enhanced Lisings on Zillow and I hope they begin to provide more accurate information, not only on Zestimates but on the names of communities, subdivisions and so on.

Please report this inaccurate estimate to Zillow. The more the errors are brought to their attention, the better the site will become. I hope : )
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July 19 2009
 

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