Listed value of my home on ZILLO?

Profile picture for user9053
While I realize that home values have declined, the value on ZILLO for my home can't be even close to correct. We have lots of upgrades to kitchen and baths. Plus we added 1000 sq.ft. of living space over a detached garage (Man Cave) which I don't believe is accounted for in your estimate. I am getting ready to list my home for sale in Zillo until around Feb. when we will likely list with an agent to try to move it.

So after all that my question is how do I get a more realistic(updated) value on Zillo? Thanks for your h

Sincerely
Harvey Peak
754 Lovecrest Dr
Maryville, TN 37801
PH: 865-389-4937
Email: harvey@pfcwest.com
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December 21 2011 - Maryville
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Answers (4)

Profile picture for Zilluminati
Was the work done to create the 'man cave' permitted? That will affect whether it helps appraisal or not. Are those types of additional spaces common in your neighborhood?

In today's market, which is thick with folks who perceive themselves as investors and investment advisers, I'd call the additional space an "income property" or some such gibberish. It will appeal to different buyers for different applications, but the way to make it draw the most flies is to appeal to greed.
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December 21 2011
Profile picture for user9053
One last question, i called the detached garage a man cave as i thought it would appeal to men! It is in fact a 1500 sq.ft. garage below, a 1000 sq.ft fully functional apartment; fully furnished kitchen, full bath, a seperate room with laundry hookups....you could live in it, rent it out, granny flat or whatever...would it still not be counted in sq.footage?Thanks Harvey

Your last comment I couldnt understand what you were trying to say? Could you please explain...Thanks!
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December 21 2011
Profile picture for wetdawgs
Hi Harvey:

The first thing to do is to claim your home on Zillow (hover cursor over Edit on the home details page and chose "claim your home").   Then you can edit the square footage.   Please be aware that if the "man cave" (although that is a huge cave!) is not accessed through finished area in the main home, it does not tend to be counted as the house square footage.  

I noticed you also have a number of other features such as bedrooms missing from your home data.   You can edit those numbers as well once you've claimed your home.

The Zestimate does not reflect upgrades.  Describe those in the text of the description.   Zillow promises a tool next year sometime to address this issue.

The Zestimate takes a while to respond fully - several weeks to several months.

You might wish to identify the large circular dark area in the back yard in the description.  It looks like something found on my uncle's pig farm....
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December 21 2011
Profile picture for Zilluminati
If you are going to list it yourself, list it everywhere, except on Zillow. I wouldn't put my asking price anywhere near their Zelusional statistical opinion unless, or until, I had to.
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December 21 2011
 

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