- Find a Real Estate Professional
- Realtors®
- Mortgage Lenders
- Home Improvement Pros
- Other Real Estate Services
- Review an Agent, Lender or Pro
- Marketing on Zillow
- Real Estate Agent Advertising
- Join the Professional Directory
- Popular
- Real Estate Market Reports
- More
Answers (4)
- goldbedr
- Contributions:4
I don't buy this answer that is being given. All of the houses in the area were selling at the earlier Zillow estimates. If they were overvalued, they'd have been selling at a lower value than the Zillow estimate.
If they're overvalued, and people overpay at that overvalue, that doesn't mean they're overvalued...it means that's what people are willing to pay, and thus their actual value.
If they're overvalued, and people overpay at that overvalue, that doesn't mean they're overvalued...it means that's what people are willing to pay, and thus their actual value.
- goldbedr
- Contributions:4
The same has happened to me, and I am furious about it.
There is no note on the page to show someone who is looking at home values that changes were made. It appears that I bought my house for much, much more than it is worth.
All of the sales in the neighborhood have been around the previous zillow prices, because those are the actual purchased and perceived values.
There is no note on the page to show someone who is looking at home values that changes were made. It appears that I bought my house for much, much more than it is worth.
All of the sales in the neighborhood have been around the previous zillow prices, because those are the actual purchased and perceived values.
- robindm
- Contributions:4
Well, that stinks. I bought my home in part based on Zillow's value of it, and that has changed retroactively back even before I bought it.
- Vince Curtis, "SoCal Appraiser"
- Contributions:4699
Zillow updated their data, if it was higher before, it was over-valued. Now is the more correct Zestimate.
More here...
http://www.zillow.com/wikipages/Zestimate-Improvements/
My home's value plunged $25k overnight, and the history is now adjusted $25k as well. What happened?
Stating a discriminatory preference in an advertisement for housing is illegal. If you think this content is discriminatory or otherwise inappropriate and feel it should be removed from Zillow, please let us know by completing the information above.
We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.