Why is your Zestimate so low?

Ftn - I do understand your frustration. Being in the field it is frustrating for an Agent with seller clients as well. I can tell you, that we would never, ever, come up with a value from Zillow for a list price or selling price. They are way off, like I stated in my 1st response, on value. We do update our listings home facts, to bring up the zestimate, which sometimes it does & sometimes it does not, on all our listings, because we do understand & care that Buyers look at these numbers. And I did see that you updated yours as well a few weeks ago.  From what I have read, it takes Zillow several months to update the zestimate from your facts, another frustration for home owners. We also teach our clients that the BEST way to get the market price for purchasing a home is by doing a CMA of the immediate active, pending & sold data. Again, I understand your frustration about Zillow, we feel it too & there are many others who feel the same way.

ftn - I know that the Zillow estimates can be a frustrating experience for sellers. These are only estimates, Zillow has not been to your property or through your home & does not know about all the upgrades you have done in your property. Buyers may use Zillow for a reference, but any Agent who is helping those buyers would pull comparables from the Local MLS System which should back up your asking price. For example, a  home that sold on a main, busy street can be compared to a home in a quiet neighborhood on Zillow, since it is within the same radius/location. We know being perched on a main road can be a drawback, we know being in a cul-de-sac neighborhood surrounded by beautiful homes as compared with backing up to strip malls adds value, we know that a large fenced in backyard overlooking a mountain, with a trickling stream is a far better atmosphere (for some buyers) than a busy, traffic jammed road with an intersection, but Zillow does not recognize all those details. It is pulling hard facts from various online resources, comparing "apples to apples". Both these homes have the same square footage, # of bedrooms,  # of baths & lot size. They don't know that the cul-de-sac home has a granite chef's kitchen, amazing master suite with his & hers enormous walk-in closets & private bath with steam shower & soaking tub. They see "bathroom" and "bedroom".  So although, I do sympathize for all the frustrated home sellers who are upset with the "zestimates", please rest assured that any buyer with an agent, who is really in the market to purchase your home, would not & should not be pulling comparables from Zillow to write an offer.

If you have an agent, ask them to log into their Zillow account & update the home facts, this may bring up the zestimate. If you don't have an agent, you can "claim" your own property & edit all the facts.

Hope this helps!