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Answers (5)
- Sharon Lewis, "Sharon Lewis"
- Contributions:3923
Here is a good explanation as to how Zillow gets to prices
http://www.zillow.com/blog/2011-06-14/zillow-expands-and-improves-database-of-homes/
- sunnyview
- Contributions:25139
I bought a house that was "under market" and also appealed my taxes/assessment to lower them substantially based on my purchase price. I think it took Zillow about a year to finally start tracking the house more in line with others in the area.
It is hard, it was for me at least, but you have to be patient. If you bought low and have a low assessment, then your house may never Zestimate as high as others with higher assessments since all Zillow has to go on are the numbers alone. It does get better over time from what I have seen personally with my house.
It is hard, it was for me at least, but you have to be patient. If you bought low and have a low assessment, then your house may never Zestimate as high as others with higher assessments since all Zillow has to go on are the numbers alone. It does get better over time from what I have seen personally with my house.
- knt1921
- Contributions:2
Sherri,
Yes, we are the owners, all work and other upgrades done. Property next door is double wide on one acre valued at 99,800. about same sqf.
We knew we got a good deal, just wondering when value will catch up.
Why would anyone pay taxes on a value more than twice what a house is worth?????
Yes, we are the owners, all work and other upgrades done. Property next door is double wide on one acre valued at 99,800. about same sqf.
We knew we got a good deal, just wondering when value will catch up.
Why would anyone pay taxes on a value more than twice what a house is worth?????
- Sheri Moritz, "SheriMoritz"
- Contributions:269
Did the house sell recently for $73k? Tax assesment and value are not always close to each other... It is not uncommon to see foreclosures selling for $73,000 that have a tax value of $163,000 because of work that needed to be done to the house and depreciation in an area. Are you the owner?
- ConnieK_Oklahoma
- Contributions:2899
check to see that all of the detail information is accurate. that's a good first step to getitng an accurate zestimate. # of rooms, sqft and so on.
Property purchased as foreclosure - brought up to date yet price does not reflect . .
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