Profile picture for user1273033

Why is my home zestimate so low when neighbors houses the smaller are higher zestimates?

Why is my home zestimate so low when neighbors in the next few houses are higher with smaller homes and same size lot?
  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.
October 10 2012 - Town of Orchard Park
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)

Profile picture for wetdawgs
@Lisa:   Have you had a chance to read the link in the previous post "what is a Zestimate?".   Zillow does not use map position and photos in their calculations. 
  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.
October 20 2012
Hi There!
Z-estimates are just that - ESTIMATES!  You need a Real Estate Professional to determine the market value of your home or an Appaiser to determine the Value of your home.

Although it is not entirely known to me, I believe that Z-estimates are derived from Property Tax Records, Mortgage servicers who have information about surrounding homes, initial mortagage values and Co-op data from sales information.  You believe that your home is undervalued compared to neighborhood data, but do you know if that neighborhood data is correct?  In other words, are you comparing your home on zillow to other homes also on zillow or on first hand knowledge of your neighbohood properties (square footage, lot size and property assessments)?

Another reason your Z-estimate may be lower could just be human error.  Data compiliation uses GPS, drive-by digital photos and fly-over imagery.  If the data cooridinates are off - well then so is your house. I hope this helps you feel more at ease about your Z-estimate.

May I suggest that if you wish to know the true market value or mortgage value, you consult a Real Estate Professional or an Appraiser that is knowledgeable about your area.  Good Luck!  Lisa
  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.
October 20 2012
Profile picture for wetdawgs
Have you had a chance to read "What is a Zestimate?".  It may help address the issue.

  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.
October 10 2012
 
Related Questions
Why is my home zestimate so low when neighbors houses the smaller are higher zestimates?
Profile picture for wetdawgs
Latest answer by wetdawgs
October 20 2012 | 3 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. 80 Larned Ln, Orchard Park, NY Home For Sale
    80 Larned Ln, Orchard Park, NY 14127

     For Sale: $174,900

    • Beds: 4
    • Sqft: 1388
    • Baths: 2.0
    • Lot: 12196
  2. 29 Grand View Trl, Orchard Park, NY Home For Sale
    29 Grand View Trl, Orchard Park, NY 14127

     For Sale: $1,424,000

    • Beds: 6
    • Sqft: 8000
    • Baths: 6.0
    • Lot: 60112
  3. 7813 Behm Rd, West Falls, NY Home For Sale
    7813 Behm Rd, West Falls, NY 14170

     For Sale: $199,900

    • Beds: 3
    • Sqft: 1352
    • Baths: 1.0
    • Lot: 893851