I just had my home apraised and the Zillow price is substantially lower. Why?

Profile picture for SEBS!
My home at 2253 Luster is listed at about 240. It just appraised at 263. Why the difference?
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June 21 2011 - Goodlettsville
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Answers (2)

Profile picture for wetdawgs
A Zestimate is not an appraisal, but a number generated from a statistical model with public facts.  As such, a 10% difference is doing quite well.   You can read more about Zestimate values and accuracy here. 
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June 21 2011
Profile picture for Sharon Lewis
Zillow pulls its informatin from public records and is not always current, it could be running a few weeks behind. An appraisal is a better way to go. You know that the appraisal is only good for the day it was done, if a home down the street, (or up the street or around the corner etc) sells, that will affect the value of your home. Go to Zillows FAQs for more info
Thank you
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June 21 2011
 

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QuestionI just had my home apraised and the Zillow price is substantially lower. Why?
  • Latest answer by wetdawgs
  • June 21 2011
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