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My house had a very detailed appraisal in January 2008. It was valued at $325,000. Zillow shows the value of my house as $267,000. Zillow's way of determining value and the appraiser's way of determining value are completely opposite. Zillow is comparing my house with property that is 15 plus years old in old run down neighborhoods in the area. My house is 6 years old in a new subdivision that is about 9 years old. The houses in my subdivision are valued from the $300's up to $500's. The houses in the old areas are valued in the $100's and very low $200's. Yet these old areas is how Zillow is comparing my property. Zillow, you are wrong.
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If by "valued" you mean that the homes in your neighborhood are selling from 300K - 500K, then you have nothing to worry about - your home will presumably sell for the same amount, and you can easily point to those home sales as the appropriate comps.
What do the other homes in your subdivision have for their Zestimate?
The Zestimate is only a starting point in researching a home's value.
The comps on zillow are not impacting your zestimate -- please read this thread for details.
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