Profile picture for duane keys

How value rating works...

I purchased a condo and the value dropped 30K following purchase, but yet the condo next to mine went up on Zillow.  Please help me understand.

DK
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March 14 - Kaneohe
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Did you buy at a price lower than the Zestimate?  If so, usually the Zestimate takes the new purchase price into consideration - strong consideration!

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March 14
A value rating is not an an appraised value, biggg difffrence...  Zillow, Redfin and other such free consumer sites are very general in there values.  

If you really want to know the true value in the current market ask an agent to get you 3 or 4 comp's to like properties sold in the last 6 months, as well as what is currently actively listed.

This will give you an up-to-date idea of what your condo is valued at currently and more importantly, what it can get in the open market (true value).

ALHOA  
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March 14
 
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