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Ryan Beesley

XYZ Brokerage

Email: ryan@xyzbrokerage.com

Phone: (206) 555-1234

Website: www.xyzbrokerage.com

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Transaction Not Included in Zestimate

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tdb00

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I am completely infuriated by comments from Zillow. This house was purchased between unrelated parties, fully appraised for the purchase price through CitiBank and a normal mortgage was obtained for the property. That Zillow could claim anything else shows how completely faulty their system is and any bank using Zillow for evaluating the price of a house should not be trusted.
Question refers to 40 Highland Ct, Huntington, NY 11743
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June 19 2008 - Cold Spring Harbor
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tdb00

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Liam, this is clearly misleading. Your website disclosure clearly states there are "anomalies" detected in the transaction and provides a list of adverse conditions which could cause potential buyers, appraisers or banks to think twice before working with the homeowner. Your disclosure should clearly state, up front, that Zillow is unable to confirm certain information, but this could have nothing to due with any action or inaction on the part of the homeowner.
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June 30 2008
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Liam

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The 01/07/2003 transaction was excluded from the calculation of the Zestimate value, and Zillow simply provides a note pointing that out. There are any number of reasons transactions may be excluded.

Zestimate valuations are a starting point for consumers to assess value. They are not appraisals, and you bank should not rely on them as such. See http://www.zillow.com/howto/Zestimate.htm.
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June 27 2008
 

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