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Answers (7)
- Sharon Lewis, "Sharon Lewis"
- Contributions:3914
You have had it professionally appraised. However as you know that appraisal is only good for the day its done, if a home down ( or up ) the street or nearby sells with the same value as your home, it changes your value.
If you are selling your home, a professional realtor will do a comparative market analsysis for you, if you are selling it privately, hire the appraiser again, but know that as a realtor, I will look at your appraisal but do my own comparative market analysis to protect my buyers interests.
I hope that helps.
If you are selling your home, a professional realtor will do a comparative market analsysis for you, if you are selling it privately, hire the appraiser again, but know that as a realtor, I will look at your appraisal but do my own comparative market analysis to protect my buyers interests.
I hope that helps.
- wetdawgs
- Contributions:26784
A Zestimate is a number calculated by a statistical formula, and not a substitute for an appraisal. The only way you can change the Zestimate is if there are incorrect facts associated with your property on Zillow, then you'd claim the home, edit the facts and then let the formula do its magic.
- Davts2000
- Contributions:2
Thanks for all the info. I am concerened about my zillow estimate. I had it professionally appraised in January 2011 and Zillow has come in about 40K below the appraised value from six months ago. I am trying to dispute the the Zillow Estimate, does anyone know the procedure for doing this?
- Alexis Pierson, "Alexis Pierson"
- Contributions:287
Are you interested in disputing your Zestimate or your tax value?
- Lexie Longstreet, "Savvy"
- Contributions:1107
The city of Charlotte had a period in which you could dispute the new tax valuation. That period ended a couple months ago. If you tried dispute it and just received a notice that they were not going to change your valuation they may have given you another period to protest that decision.
Your best bet is to pay an appraiser to do a written appraisal of your home and submit that to the city. Unfortunately, the appraiser is going to be looking at the same comparable sales that the city looked at. Unless your home is different than what the tax records show (for example they think you have 4 baths, but you have 2) you probably won't get much of a reduction. However, if the potential savings is worth the cost... I say go for it. You never know... you may come out ahead.
Your best bet is to pay an appraiser to do a written appraisal of your home and submit that to the city. Unfortunately, the appraiser is going to be looking at the same comparable sales that the city looked at. Unless your home is different than what the tax records show (for example they think you have 4 baths, but you have 2) you probably won't get much of a reduction. However, if the potential savings is worth the cost... I say go for it. You never know... you may come out ahead.
- Jack Ziegler, "Team Ziegler"
- Contributions:179
Get it professionally appraised or have an agent do a CMA
- Tanya Donaghy, "Solutions_Realty"
- Contributions:7
Are you referring to the tax value of your home or the value that is showing per Zillow?
How do I dispute the value of my home?
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