I do not want the zestimate on my listings so how do I remove it?

The zestimate on my listing is much less than the listed price and it is wrong! Can you please help me with this?
  • March 16 2011 - Mineral
  • 0
    0Yes

  • Report a Problem

    Please enter a valid email address.

    Content flagged

    We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

    We're sorry. This service is temporarily unavailable. Please come back later and try again.

Be a Good Neighbor. Be respectful and on-topic. No spam or self-promotion! See our Good Neighbor Policy.

Answers (11)

???? What do those, "NAR talking points" have to do with removing a zestimate?

Pasadenan.  Quote your source.  I've only been in the NAR  for 7 years, but I have never seen them say any of that stuff.
  • April 24 2011
  • 0Yes

  • Report a Problem

    Please enter a valid email address.

    Content flagged

    We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

    We're sorry. This service is temporarily unavailable. Please come back later and try again.

Profile picture for Blue Nile
"The NAR website is a good source to refer your clients to..
Believe this junk and believe your horoscope...about as accurate...
" -

That about sums up NAR; believe NAR propaganda and it is 10,000 times worse than believing a horoscope!  Their outright lies have caused millions of bankruptcies and millions of foreclosures!  And 1.6 million more bankruptcies this year, and 1.05 million more foreclosures this year!

usdebtclock.org

And apparently a large percentage of their members don't know how to do simple 4th grade math problems, and don't understand simple statistical terms.  But they still complain they don't have a crystal ball?

Here is just a small sample of the NAR "talking points" that have been used to deceive people:

1) Housing prices always go up
2) People never lose money in Real Estate
3) They aren't building anymore land
4) What goes down must go up
5) If you rent you are paying your landlord's mortgage
6) Buying means you get an income tax deduction
7) Renting is throwing money away
8) If you buy you are building equity
9) All markets are cyclical
10) All Real Estate is local; national trends and economic factors have nothing to do with the local area.
11) 70% of FSBO give up and get an agent
12) less than 5% of people sell FSBO
13) Selling FSBO is leaving thousands of dollars on the table
14) Realtors will always negotiate more for a house you are selling and will always negotiate a lower price for a house you are buying.
15) There is not cost for a Buyer's representative agent, it is "free".
16) It is always the best time to buy
17) Low interest rates mean housing is "more affordable", thus you won't lose if you buy at low interest rates.
18) Interest rates have never been lower
19) Interest rates will never be lower
20) Prices are at the bottom, they will not go lower.
21) Don't worry about loan resets on ARM's as you can always refinance.
22) Housing is always a good investment as people always need a place to live.
23) It is always better to spend someone else's money so that you can invest your money elsewhere.
24) REA fees are always negotiable, there is no industry norm of any kind.
25) You always get what you pay for.
26) If you go to a discount REA that doesn't expect the "standard fee", you will not get full service.
27) Home ownership is the "American dream"
28) Give your best and final offer as other offers have been made.
29) REA's will find your dream home
30) REA's know how to find the best home for you.
31) REA's will find the perfect home.
32) REA's only want to make the client happy; they don't care at all about the commission.
33) Buyer's agent agreements are specifically to protect the buyer.
34) The housing market will recover to 2005 prices.
35) Values of homes are not decreasing, the median sold price is rising.
36) We are in a housing slump
37) If you think prices are dropping you are a "half empty" person.
38) What you think is what you become
39) Leveraging is always a good thing as you can make money off of someone else's money.
40) The break even point for buying is 2 years.
  • March 17 2011
  • 1Yes

  • Report a Problem

    Please enter a valid email address.

    Content flagged

    We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

    We're sorry. This service is temporarily unavailable. Please come back later and try again.

Hi Sheila and Libby,
@Sheila, the Zestimate is not a price. If the zestimate happens to match an MLS price for sale, that is strictly by chance. By nature, the zestimate will be higher or lower than the price.

@Libby, we've never claimed that the Zestimate is the exact current market value. It is a starting point only.

If we are generally way off in a neighborhood, that shouldn't be an obstacle as an agent to a buyer, because you can say, "All the zestimates are off in the area. Here, let's check out your zestimate."
You can also send them to our accuracy table.
Here you can see we only have a 1 star accuracy rating in Louisa County.

http://www.zillow.com/howto/DataCoverageZestimateAccuracyVA.htm

We are fully transparent on our accuracy.

If you want, you can also create your own estimate.

I hope that helps explain Zestimates along with the other contributors posts. We do not remove zestimates.
  • March 17 2011
  • 1Yes

  • Report a Problem

    Please enter a valid email address.

    Content flagged

    We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

    We're sorry. This service is temporarily unavailable. Please come back later and try again.

Profile picture for wetdawgs
@Libby:

Zillow won't remove the Zestimate, that is a pretty hard fast and rule.
Zillow describes the limitations of the Zestimate.

What are your choices?   Your current choice doesn't work.   What is your next choice?   Remember, every one of your posts remains on Zillow more or less forever so you potential/future clients can read it to evaluate your professional approach to adversity.
  • March 17 2011
  • 4Yes

  • Report a Problem

    Please enter a valid email address.

    Content flagged

    We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

    We're sorry. This service is temporarily unavailable. Please come back later and try again.

Profile picture for Blue Nile
"For all those that say zestimates are never wrong you are wrong!!!! We live in a county that is large and from one side to the other is a very different market especially at Lake Anna!!"

Zillow uses different "models" for each market area.  It is an ESTIMATE!  Not a "quote", not an "appraisal", not a "listing price", not a "sale price", not a "CMA", not an "average", not a "mean", not a "median", not a "offer price", not a "bid"....

LOOK UP THE WORD!

An estimate is "RIGHT" if it is a "valid method", and if the calculations were not in error!  Sure, bad data in means bad data out, so if you have the wrong country records data, even if the estimating method is valid, the estimate is not valid for the conditions that were incorrectly transcribed from the records, or incorrectly recorded in the records!

Sure, it may not be a "useful" estimate; but that is an entirely different issue.

Now, as for your CMA's, they are 1000 times more likely to be "wrong"  due to carelessness and manipulation.
  • March 17 2011
  • 1Yes

  • Report a Problem

    Please enter a valid email address.

    Content flagged

    We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

    We're sorry. This service is temporarily unavailable. Please come back later and try again.

Profile picture for JoeGraham1435
Speaking for myself as a Realtor:

Zillow is soo wrong in my market in La Jolla California...it has become a professonal joke.....whatever their sources and algorithems are they are totally full of it...approaching fraud...

The NAR website is a good source to refer your clients to..

ZIllow is a rip to sell ads....

Believe this junk and believe your horoscope...about as accurate...

Joe Graham
  • March 17 2011
  • 0Yes

  • Report a Problem

    Please enter a valid email address.

    Content flagged

    We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

    We're sorry. This service is temporarily unavailable. Please come back later and try again.

Profile picture for sunnyview
You have many options available to list your properties. Zillow seems to get good traffic, but where you choose to list is completely your decision. Zillow will not remove the Zestimates from your listings from what I've seen. It is part of the home page. Zestimates are not appraisals or market prices.

As an agent, I have no doubt that you can explain the difference to potential buyers between an automated estimate and a tailored CMA or appraisal done by a professional. The Zestimate is not the final word, it is only a place to start the conversation. As a working professional, the conversation is an opportunity to create a better understanding of the limitations of any online AVM.
  • March 17 2011
  • 1Yes

  • Report a Problem

    Please enter a valid email address.

    Content flagged

    We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

    We're sorry. This service is temporarily unavailable. Please come back later and try again.

For all those that say zestimates are never wrong you are wrong!!!! We live in a county that is large and from one side to the other is a very different market especially at Lake Anna!! I want Zillow to remove this automated thing from all my listings!!!! It is sometimes right and sometimes wrong so there for it should not be there!!!! It appears there is quite a few agents and owners that has complained and this market is tough enough without this issue!!!!
  • March 17 2011
  • 0Yes

  • Report a Problem

    Please enter a valid email address.

    Content flagged

    We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

    We're sorry. This service is temporarily unavailable. Please come back later and try again.

Profile picture for Blue Nile
It is not a "price" it is an "estimate".  For "price", you can post whatever you want.  If the price you post on Zillow is different than what you post on the MLS, then you need to figure out which syndicating site you posted it to incorrectly and fix it there.

The Zestimate is never "wrong" unless the county record data is wrong, or the amount properties sold for in the areas are "wrong".  It is not a quote nor a CMA nor an Appraisal, it is a machine generated estimate from county records data only!

If the county records data is wrong, post the correct data, as well as use the "report a problem" button on the home details page under the Edit tab so that the data provider company in the area will double check those county record data items.

You also have the option to post a comment on the home details page to explain why you think the value is different than the machine estimate.
  • March 17 2011
  • 0Yes

  • Report a Problem

    Please enter a valid email address.

    Content flagged

    We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

    We're sorry. This service is temporarily unavailable. Please come back later and try again.

I am an agent also and have the same question as Libby - it seems to be impossible to get Zillow to change their price even when it is vastly different from the  MLS listed price - what can we do?
  • March 16 2011
  • 0Yes

  • Report a Problem

    Please enter a valid email address.

    Content flagged

    We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

    We're sorry. This service is temporarily unavailable. Please come back later and try again.

Profile picture for sunnyview
As far as I know, Zillow does not remove Zestimates by request. They have an explanation about the policy in a video here and a written post here. Hope it helps.
  • March 16 2011
  • 1Yes

  • Report a Problem

    Please enter a valid email address.

    Content flagged

    We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

    We're sorry. This service is temporarily unavailable. Please come back later and try again.