Profile picture for user9309321

We have a post from our realtor and the zillow zestimate is seriously wrong how can that be correct

Hello, please help us correct an error on the zestimate at our home. it is grosely wrong, We have had our home appraised and the value was $103,000 even with out our new improvements in the kitchen, windows, and dtailess steel appliances and updated bath cabinents. The address is 1908 W. Delmar st. Broken Arrow, Ok 74012 thanks so much. Our email is jflministries@cox.net. Please get this corrected for us and alert us ewhen it is fixed. The home next door was $103,000 on your site and it should be at least $106,000 or more and  ours should be at least that of our written appraisa; of $103,000 without the new changes even we added since the appraisal... according to the written appraisal we have. The zestimate you have misrepresents our current home stance and local price for this nice of a home and we don't want it to hinder the sale price in anyway. Thanks, The Stewarts

  Flag content
Close
Report a Problem

Please enter a valid email address.

Close
Content flagged

We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

Close
We're Sorry
This service is temporarily unavailable. Please come back later and try again.
August 05 2012 - Broken Arrow
We think we've answered this question for you!
  • Be a Good Neighbor. Be respectful and on-topic. No spam or self-promotion! See our Good Neighbor Policy.
 
 

Answers (3)

As a concerned realtor, my sellers always are very upset with the Zestimates, understandably so. It is the biggest problem we, realtors face  . We look very unprofessional in our Clients eyes that we cannot correct the stupidity of these Zestimates. 
As well as the location problem, listing in a town where there are three zip codes. The home auto populates to the zip code that is outside the main township name that is searched. Result? no one sees it!!!

Zillow has caused me much aggravation and frustration and wasted hours on the phone with Zillow staff and angry home owners!!!
Response of only being concerned with appraisal and /or market value does not help the buyers looking on Zillow. If a consumer is searching for information on Zillow, they should get accurate information!
  Flag content
Close
Report a Problem

Please enter a valid email address.

Close
Content flagged

We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

Close
We're Sorry
This service is temporarily unavailable. Please come back later and try again.
July 09 2013
Profile picture for user1646391
All

If you read the description that Zillow posts as an explanation of how they arrive at the Zestimate they make it sound like it is scientific.....there is obviously a flaw in the system. I have a 4850 sq foot custom built home (lots of upgrades), with a 900 square foot free-standing 3 car garage, on a 1.5 acre mountain lot. The recent appraisal on my home came in at $784,000; construction replacement cost is listed at $775,000, and the I pay taxes on  a tax rate value of $600,000.......the last three homes in our neighborhood sold for an average of $760,000 (similar size home as mine and are listed on the  appraisal)....... the Zestimate calculation listed on the site for my home is $316,000. I have inquired as to how they can be so much lower that even the tax rate.....the answer is always update your "home facts" and it will correct.....which I have done, there is no movement in the Zestimate. 

The communities that surround the gated community in which I live are more modest with average home prices at $100,000 to $150,000 (they are in the same zip code as mine)......I am convinced that the complexity that Zillow uses for their Zestimate calculation is nothing more than simply dividing the the total dollar value of the homes sold for a period of time by the number of homes sold for a zip code.....don't fret, serious buyers know that the Zestimate has no relevance. 

  Flag content
Close
Report a Problem

Please enter a valid email address.

Close
Content flagged

We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

Close
We're Sorry
This service is temporarily unavailable. Please come back later and try again.
July 09 2013
Zestiments are just that a zestiments. It typically does not take into account for upgrades, updates, views etc. The value is an average. So if you home is above the average for the market area it will be show in the appraisal report. The appraised price is what your realtor and buyers should be concerned about. Your appraisal report should be concise and support the appraiser's estimate of market value.
  Flag content
Close
Report a Problem

Please enter a valid email address.

Close
Content flagged

We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

Close
We're Sorry
This service is temporarily unavailable. Please come back later and try again.
July 09 2013
 
Related Questions
Why is value lower than other smaller houses on block? House is better maintained, large corner lot
Profile picture for Josh Barnett
Latest answer by Josh Barnett
January 01 | 2 answers
The Zestimate of my house is totally off. I need Zillow to fix it.
Profile picture for Josh Barnett
Latest answer by Josh Barnett
August 05 2013 | 2 answers
We have a post from our realtor and the zillow zestimate is seriously wrong how can that be correct
Profile picture for Linda  Licastro
Latest answer by Linda Licastro
July 09 2013 | 3 answers
We has our home value declined over the past few years, whereas our neighbors homes value have risen
Profile picture for Joyce Weaver
Latest answer by Joyce Weaver
May 15 2013 | 2 answers
Why was my professional appraisal replaced by your zestimate?
Profile picture for wetdawgs
Latest answer by wetdawgs
March 05 2013 | 1 answers
Be A Good Neighbor

Zillow Advice depends on each member to keep it a safe, fun, and positive place. If you see abuse, flag it. More on our Good Neighbor Policy.

Homes for Sale
  1. 1208 S 35th St, Broken Arrow, OK Home For Sale
    1208 S 35th St, Broken Arrow, OK 74014

     For Sale: $154,000

    • Beds: 4
    • Sqft: 1953
    • Baths: 2.0
    • Lot: 8712
  2. 3212 E Hudson St, Broken Arrow, OK Home For Sale
    3212 E Hudson St, Broken Arrow, OK 74014

     For Sale: $148,000

    • Beds: 3
    • Sqft: 1488
    • Baths: 2.0
    • Lot: 8581
  3. 26360 E 143rd St S, Coweta, OK Home For Sale
    26360 E 143rd St S, Coweta, OK 74429

     For Sale: $190,000

    • Beds: 3
    • Sqft: 1988
    • Baths: 2.0
    • Lot: 43560