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Answers (4)
- sunnyview
- Contributions:25139
You sound like a nice person, but there have been a few real nasties come to Zillow now and then. I have never heard of Zillow "punishing" people for any reason by lowering their value on the site or canceling their account so I would not worry about that.
If it were me, I would look at the assessed value, the trend of the chart for the market when you bought as compared to your neighbor and the current value of what each of your paid in relation to what you think your house is worth today. It is more likely that there is something in the numbers that is making the difference. Sometimes if you look at the houses side by side you can see it for yourself, other times you can't but it's worth a look.
If it were me, I would look at the assessed value, the trend of the chart for the market when you bought as compared to your neighbor and the current value of what each of your paid in relation to what you think your house is worth today. It is more likely that there is something in the numbers that is making the difference. Sometimes if you look at the houses side by side you can see it for yourself, other times you can't but it's worth a look.
- Tom Rollett, "Tom Rollett"
- Contributions:4
Prices can swing based on the recent sales nearby, but also considered is age, square footage, yard size and features like garage, outbuildings, and upgrades. Also considered is if the specific home has sold recently and tax valuations.. If you want a real analysis, please furnish your street address and I'll do a specific market analysis.
- wetdawgs
- Contributions:26837
Some of the numbers that Zillow doesn't use are bad reviews and cancelling accounts data.
Without knowing what data are in the system for your property and your neighbor's property, it is hard to tell. Are they both accurate and complete? Are purchase dates and taxes similar? Is perhaps your neighbor's property out of line with a Zestimate and yours is in line with the rest of the neighborhood?
Without knowing what data are in the system for your property and your neighbor's property, it is hard to tell. Are they both accurate and complete? Are purchase dates and taxes similar? Is perhaps your neighbor's property out of line with a Zestimate and yours is in line with the rest of the neighborhood?
- Andra BEATTY, ABR,GRI,TRLP, "Andra Beatty"
- Contributions:102
As I understand, it is an extremely complicated algorithm that is used by Zillow to calculate home values. In Texas, we are a Non-disclosure state. So the sold price of our homes are not disclosed to the public. If you are a real estate agent or appraiser you can find the sold price of homes in our Multiple Listing Service.
It appears to me that Zillow maybe using a formula based on our Appraisal District records that assess the homes tax value much lower than the market value.
It appears to me that Zillow maybe using a formula based on our Appraisal District records that assess the homes tax value much lower than the market value.
Question on how zillow assigns home values!
is it because i put a bad review and cancelled my account on zillow before?
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