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Answers (5)
- Evelyn S. Fred, "Evelyn S. Fred"
- Contributions:205
Hi MIke,
In summation:
A) Apparently there has been activity in Bronzeville where homes sold for more than your home creating a higher fair market value (what buyers are willing to pay).
B) Do not rely on Zestimates. Zestimates have always been a controversial issue. No one really know where they get their information from, presumably from the county recorder of deeds office.
Lastly, if you're looking to sell your home and want to sell it in the least amount for the most amount of money get yourself a sellers agent, if you haven't done so already.
Good luck!
In summation:
A) Apparently there has been activity in Bronzeville where homes sold for more than your home creating a higher fair market value (what buyers are willing to pay).
B) Do not rely on Zestimates. Zestimates have always been a controversial issue. No one really know where they get their information from, presumably from the county recorder of deeds office.
Lastly, if you're looking to sell your home and want to sell it in the least amount for the most amount of money get yourself a sellers agent, if you haven't done so already.
Good luck!
- Michael Montalbano, "mpm6"
- Contributions:24
Hello mikebot1
Typically if recent Homes like yours have just closed higher it will impact the appraised value accordingly. The Market determines value, and the measuring stick for appraised value are like properties in the same geographic area within a recent time-frame.
Thanks for the question mikebot1, Please let me know if I may be of any assistance to you.
Typically if recent Homes like yours have just closed higher it will impact the appraised value accordingly. The Market determines value, and the measuring stick for appraised value are like properties in the same geographic area within a recent time-frame.
Thanks for the question mikebot1, Please let me know if I may be of any assistance to you.
- Matt Laricy, "Matt Laricy"
- Contributions:1620
Well I would be happy!
If your referring to the zestimates, there is no reason really. The zestimate is so far off, its not even funny in some cases. Most people know that these are off, so I wouldnt pay much attention to it.
If your referring to the zestimates, there is no reason really. The zestimate is so far off, its not even funny in some cases. Most people know that these are off, so I wouldnt pay much attention to it.
- Philip Sencer, "Philip_Chicago"
- Contributions:551
I do not think there are any such factors in this market. It's brutal. Do not focus on zillows estimates. They are incredibly off base, constantly changing each day and just plain wacky at times. The good thing is that no buyer ever refers them when making an offer. There are more accurate ways to determine reasonable market value. The only folks who tend to focus on them are some people trying to sell.
- sunnyview
- Contributions:25139
Magic? lol
More likely it would be recent sales in your area that sold higher than the old price per square foot that Zillow originally had for your house. Sometimes increases can come from higher assessed values from what I have seen too.
More likely it would be recent sales in your area that sold higher than the old price per square foot that Zillow originally had for your house. Sometimes increases can come from higher assessed values from what I have seen too.
Im not complaining but what factors are making my home value rise?
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