Profile picture for James Rouse

The Zestimate on our home listing seems to be seriously flawed.

The Zestimate on our home listing is seriously flawed. There is a $300,000+ pricing spread between our asking price and the Zestimate. There are similar houses listed in our very same neighborhood that have a spread of $20,000 - $50,000 between there Zestimate and asking price! Any thoughts or suggestions on how this could be corrected or what we could do would be greatly appreciated. We are thinking about pulling our listing because this situation creates a negative representation for our home. Thanks, Jim
  • July 02 2012 - Hiawassee
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Answers (3)

Hi Jim,

I have reviewed your FSBO listing verses your tax value. You are asking $629,900 and the county is only assessing your property at a value of $386,620. This may be why Zillow is estimating your property near this range. I have not personally seen your home but know exactly where it's located. I would be happy to come take a look at it and do a CMA on it to give you a true value. Just let me know!

Thanks!
Jamie Lea
  • July 02 2012
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Profile picture for wetdawgs
Have you had an opportunity to read "What is a Zestimate?".   The reason for asking is because it offers a number of actions a home owner can take to potentially improve the Zestimate accuracy.  

I suspect the problem with your home vs the Zestimate is that there is no sales history or tax history in any of the triplicate entries for your home.   

In addition, you can provide your estimate of value on the home details page along with the justification (e.g. bank appraisal, CMA or whatever).   To do so, claim your home and then look for the spot just below the Zestimate table.



  • July 02 2012
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This is a common thing with a Zestimate.  The way to be sure is to actually have an agent walk-thru your home so they can determine value first hand.  Zillow has no way of knowing the condition, custimization, or amenities that your house may have compared to other like homes.  There are several factors that go into determining value of a home, a Zestimate often times compares apples to oranges so to speak.  At the end of the day it is always best to have a realtor come in and assess the home on several levels and do an in-depth comparative market analysis to come up with the most accurate value for your home.
  • July 02 2012
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