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Is zillow liable for incorrect information that lowers the value of my home ?

  • August 31 2011 - US
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Answers (2)

The first responder to your question hit the nail square on the head with, "Zestimates are Zillow's opinion of value, not your home value".  
Zillow has no way of knowing what your home is really like aside from public records.  Zillow has no way of making a comparative analysis outside of public records such as recording of sales and county tax records.  Many factors influence local home values, bank owned, foreclosure, neighborhood, schools, upgrades, etc.  
Zillow can be an excellent tool for looking at broad market conditions in specific areas.  It can be effective at tracking activity and trends as well.  But for an individual home it has to be taken with the proverbial pinch of salt.  The value it shows reflects average presumed condition relative to the recent local sales nearby and that simply is not always the case.

  • August 31 2011
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Profile picture for wetdawgs
Zillow provides tools to edit information on various home data but Zestimates are Zillow's opinion of value, not your home value.   

  • August 31 2011
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