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Answers (3)
- gsamos
- Contributions:2
Thank you for your response. Houses around me have sold recently (within 3 months) for much more than my Zillow estimate. The variances of the properties are that I have a garage, finished basement, hot tub, and 3 season porch, the house that sold for 15% more than my Zestimate at the time, does not have these features. The houses are comparable one story ranches about 1k sq ft. My assessment was lowered this year, but still 20% higher than the Zestimate. I am never recommending zillow to ANYONE until this is resolved, never mind asking my neighbors to claim their houses. The only hope I have of selling is that the houses around me continue to sell for more than what Zillow would put them at! In terms of how often Zillow updates, I have continued to lose 3%/month for the past year.
On a separate note, regarding the integrity of this site, the mere fact that no one from Zillow has responded shows me that this is NOT a site to be trusted by anyone for purposes of valuation.
On a separate note, regarding the integrity of this site, the mere fact that no one from Zillow has responded shows me that this is NOT a site to be trusted by anyone for purposes of valuation.
- Travelinman85
- Contributions:3
I have the same problem. Claimed my house and in 3 weeks it dropped 60K in value. Zillow needs to respond to this. Anybody else had this problem. Buy adding in actuall improvements and upgrades the My Estimate went up but the Zestimate went down A LOT! Something is very wrong.
- William Cornwell, "Will Cornwell"
- Contributions:333
Hi Gsamos,
noone else claiming their property probably would have some effect on your homes value/calculations. Adding features to your home, or confirming info about your home may have also changed the zestimate. I do not know how Zillow calculates their values and how often they are updated. Obviously, if you were looking 3 years ago till today your value has dropped. How has your assessment changed in Nashua? have you had your home appraised? I have buyers and sellers ask me about what they see on Zillow for values and I tell them that all markets are local and while the intentions of Zillow are there, you really need to know what is happening in that market now, features/benefits of a home that can not be categorized etc. like all things, the market will rebound, it is just a matter of when. ask your neighbors to claim their homes and see what happens? are/have any of your neighbors sold their homes recently (or are trying to sell). how do they compare to your home?
Will
noone else claiming their property probably would have some effect on your homes value/calculations. Adding features to your home, or confirming info about your home may have also changed the zestimate. I do not know how Zillow calculates their values and how often they are updated. Obviously, if you were looking 3 years ago till today your value has dropped. How has your assessment changed in Nashua? have you had your home appraised? I have buyers and sellers ask me about what they see on Zillow for values and I tell them that all markets are local and while the intentions of Zillow are there, you really need to know what is happening in that market now, features/benefits of a home that can not be categorized etc. like all things, the market will rebound, it is just a matter of when. ask your neighbors to claim their homes and see what happens? are/have any of your neighbors sold their homes recently (or are trying to sell). how do they compare to your home?
Will
Why is my house now the lowest valued property on my street?
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