Low zestimate.

Profile picture for KSAA
Why is my zestimate low? All the houses on my street are priced at least 30K higher. they were all built in the same year and have very similar (some identical )floor plans. We have the exact same features as the other houses and actually in much newer condition.
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April 27 2010 - Union City
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Profile picture for SoCal Appraiser
http://www.zillow.com/advice-thread/You-want-to-know-your-house%27s-worth-according-to-a-zestimate/324233/
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May 06 2010
Profile picture for JohnBillings

Zillow uses a very broad and general annalysis for the basis of their "Zestimates".  Personally, my home "Zestimate" is about $80K less than its true value.  I am not worried about since I know that I could sell my personal residence for much higher than its "Zestimate".  Zillow doensn't know if you have a pool, built in BBQ, travertine floors, granite, updated appliances, etc.  That is why it isn't the best idea to solely base the value of your home from a website... we see this often in For Sale By Owners.  If you want the true estimated value of your home, many Realtors don't mind emailing comps.  Ask a Realtor in your area to give their opinion on the value of your home... a good Realtor won't mind.

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April 27 2010
 

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