How you can't get your facts straight

Profile picture for pharmacologist
You have misquoted the sale price of our home, 2904 Hackey Way, Jamestown, NC., 27282.  My mother-in-law bought 49% of our house for $155,000. It is appraised at $316,000. You are killiing us and our neighbors by misrepresenting our selling price.
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January 17 - Jamestown
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Answers (7)

Profile picture for Neil R
Hi pharmacologist -

Our apologies for not getting back to you in a timely manner.

I have checked this from county records and sent it for correction. We'll email you for updates.

Thank you.

Neil
Zillow Customer Support
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January 24
Profile picture for wetdawgs
Sharon's "answer" was off target and not related to the question asked.   quinton.cindy nailed it.
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January 21
Profile picture for Happydays4you
Sharon is right, I had the same issue and called a local agent to find out what my home was worth.
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January 21
Profile picture for Cindy Quinton

That "sale" price of your home is certainly a factor in your low zestimate, and likely your neighbor's low zestimates. You need to flag it and let Zillow know it was a partial transaction. I am not sure if or when it will help your zestimate but it should be removed from your most recent sale information.

Go to the section of the page (about half way down) where the transactions are listed. Look for the most recent one where your MIL purchased 49%. At the end of that line there is a flag. You can click it and report the issue.

I hope that helps.

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January 21
Profile picture for Sharon Lewis
A Realtor or agent cannot show you how to improve your value here on Zillow , you can do that by updating your information. Read my earlier posting, real estate is local and if you want to know what your current market value is on your home, ask a local realtor for a comparative market analysis or pay an appraiser . Best of luck to you.
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January 21
Profile picture for jaymusic
Sorry you are frustrated - if your house had a recorded sale in the county for the 49% purchase then Zillow is just pulling data and your data only reflects one half the purchase price. Your agent should know how to improve how you are shown here - if you don't have an agent I am happy to help you.
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January 19
Profile picture for Sharon Lewis
I know its frustrating to see Zillows guesstimate of prices, or zestimate, but they are just that, they are not meant to place a current value on your home. A recent low ball sale in your community of a similar home or foreclosure could be the culprit of lowering your prices too. Real Estate is local,local,local and Zillow cannot go inside homes to see upgrades and compare homes, it does not have the capability to  know neighborhoods either. What you want to do to know your current market value is to have a comparison market analysis done on your home (its free) by a Realtor or pay an appraiser. Once you get that done, put that value and the date it was done, in the remarks section of your home. that should help. Here is how Zillow arrives at their numbers...hope this helps.
http://www.zillow.com/wikipages/What-is-a-Zestimate/ 
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January 18
 

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QuestionHow you can't get your facts straight
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