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Over or underestimated homes in Ventura

Check 1025 Cachuma Ave. in Ventura 93004. In the same association there are totally same houses but with tremendous price differences of $200k. There is no reason for that, because the year of built, quality and mainteinance is the same on all of them. How can we (or Banks) estimate the real pricess, if Zillow shows unbelievable prices for tha same properties in this area? The Banks are rejecting negotiations for the reality, there are underestimated prices for homes. It is tragic, the banks believe to Zillow.
  • March 10 2010 - Ventura
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Answers (4)

I know this is very frustrating but don't think the banks are taking the zillow estimates to hart. They due there own appraisals to come up with a real value. Zillow estimates can be manipulated very easily and shouldn't be looked at as the final word on value. If you want to get a better idea of value on your property take a look at the average kick out the high and lows out and you'll get a better idea. If you need a better idea of value do to proof of value for a loan mod or sale I would encourage you to get an appraiser.

If you continue to have a problem feel free to contact me

  • March 10 2010
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Average price per square feet....
  • March 12 2010
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Banks dont use Zillow at all, they use appraisals, and at times multiple appraisals. Zillow does not set value, the market does, and always will and always has.
  • May 10 2010
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Banks conduct their own appraisal. Do you want to sell, contact me
  • June 11 2010
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