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WHy is my home rated at a value way too low?

WHy is my home rated at a value of $121,000.00 when it was appraised for $260,000.00?
I am thinking of listing my home but your valure ia WAY off, that does not look good!
Home is at 2665 kane road Eau Claire WI 54703

Thank you,

David Brown
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October 23 2012 - Eau Claire
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Answers (4)

 I live just down the road on Kane rd,  [phone number deleted by Zillow moderator. Please see our Good Neighbor Policy for posting guidelines]
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May 23 2013
Zillow is good for a general value but you should definetly contact a Real Estate pro to give you a clearer picture of the true value.
You have nothing to lose and are under no obligation to list the property. i would be happy to refer someone if interested.
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November 12 2012
The previous response gave you the right advice on changing the Zestimate.  Please know that the Zestimate has no actual affect on the value of your property or what it would sell for. That is determined by several factors, including the most important factor - what similar homes are selling for in your area. Even an appraisal cannot determine what you can get for your home on the market. It all comes down to what a buyer is willing to pay. Have an experienced agent you trust (or get a referral) and who knows your area to come take a look at your home and do a free CMA for you. That will give you a much better idea of what a buyer would be willing to pay, even with a low Zestimate on Zillow.
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November 12 2012
Profile picture for wetdawgs
The Zestimate is calculated off the public data on your home, and at the moment there is no information on home size, or beds and baths.   As a consequence, they show in the text that it  is a single family home but without data they appear to be doing the calculations as if it is an empty lot.

You can help, claim your home and enter some data on your home.   "What is a Zestimate?" provides some more background on actions a home owner may take, as well as how long it takes for the Zestimate to respond to edits.



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October 23 2012
 
Related Questions
WHy is my home rated at a value way too low?
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Latest answer by Dave Tracy
May 23 2013 | 4 answers
  • Asked by user0521038
  • In Pricing
  • October 23 2012
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