Profile picture for Gracie101

If a property is listed for 100,00 over zestimate is it ok to offer much less than asking

An other property on the same street had almost 1000 sq ft more and went for less than its zestimate and sold at the asking price of the home in question.
  • March 06 2011 - Celebration
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Answers (7)

You can offer what you want, the question is what is the property worth A zestimate is not a reliable source of value of a home. You can try to figure the value on yourself, But this is one of the many things a good Realtor can help out figure out true real time and accurate information available through There are Sellers that list just to list and are not reasonable with their
The price could be more or less and the seller might accept a lower price  for different reasons. So the value and the sale price depends in many
 They can be the same but not necessarily.
Again a Realtor can help you navigate these waters.
  • March 06 2011
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Profile picture for Connie Klemme
you can offer whatever you want but it's not likely a seller will come down $100K.   take a look at the comparables, get a local agent to do a CMA for you to determine how reasonable the price is, make the offer that you find acceptable and reasonable.  if it's overpriced and they won't budge, then find another house, but if it's priced about right and you don't want to come up or get closer to the price, expect them to refuse the offer.  good luck...
  • March 06 2011
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Profile picture for the_country_hick
Using the sold property you refer to as a comparable sale you might want to offer less than that. Overpaying is overpaying regardless of asking price.
  • March 06 2011
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Consult with your buyer agent to learn about the fair market value for comparable homes recently sold in the area.   Make your best offer based on that price if you want to get the house.   The Zestimate is not meant as an accurate and up to date evaluation of property value.  Good luck.
  • March 06 2011
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Though Zillow is a great tool, zestimates are not always very accurate. Hopefully you are working with an agent that can assist you in coming up with a fair offer price. They can run comps in the area that will best determine what will be a good starting offer for you to submit.
  • March 06 2011
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Profile picture for wetdawgs
A Zestimate is only a starting point for evaluation of the house.  Zestimates don't reflect upgrades, views, pools and many other things that add value.    At this point it is clear you have some questions, spend some time learning about the actual sales prices of similar houses in the last two or three months.  

In many areas, the Zestimate is within 20% of the actual sales price for about 70% of the houses.   As I have no idea the price of the house, I have no idea how to comment on percentages for the house in question.
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Most likely no, not much less. The best thing to do is have a Real Estate Professional look up the most resent sold comparable properties and assist you in determining the current market value.
  • March 06 2011
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