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Why did our house drop so low since we signed on zillow.every house on our street in our range of as

We joined zillow last week and everyone on our street with the same assessments keep rising as we were before we joined zillow and you dropped us 50,000.00 in a week. Why would anyone join zillow if you can't do fair zestimates for everyone. Could you recheck what happened to our zestimates with others on our street?
  • February 27 - Avon by the Sea
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Answers (3)

First let me start by saying that Zillow completely low balls with their zestimates. very inaccurate
I would not let that discourage you. Zillow uses comps in the last 8 months but the market is up 12-14% so those comps are useless. The best way to promote your home is through MLS with a professional Realtor. A CMA (comparative market analysis) is as accurate as it gets. As long as its a top producing agent that knows what she's doing. I work very closely with amazing agents across the world. let me know if you need help with a great referral. Good Luck
  • March 01
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Profile picture for Dan Tabit
Shan,
Your Zestimate is going to go up, down, sideways and upside down for any number of reasons.  This Guestimate is not a reliable source of your homes value.  I believe that the broader the information you see in Zillow, the more accurate it is.  When it comes down to an individual house, it's a place to start, but not reliable for any decision making. 
  • February 27
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Why would anyone join zillow if you can't do fair zestimates for everyone.

Dont be paranoid - first read this.... then wait about two months, and everyones value on your block will have changed - maybe youll be ahead, maybe not.

It does not matter at all - its only an opinion of value. Youll ONLY know how much your home is worth when you go to sell it, not a minute before.


  • February 27
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