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Answers (3)
- snoopysdad
- Contributions:30
glad to be of service! =:>)
- Dean Graves, "NZDean"
- Contributions:7
Thanks for the insight HTH
- snoopysdad
- Contributions:30
=;>).....
I like that: "My House isn't the Dow"
Dean, Here's the secret...dig a little deeper. I did and figured out the 'algorythm'(<--sp? & sarcasm intended).
Don't feel alone either...
here's the straight skinny from a guy who spent YEARS watching the 'whack a mole' pricing on our houses bouncing around enough to make a jack in the box proud.
It's RECENT SALES in Your neighborhood, regardless of how 'comparable' they ARE to Your place or not. I've watched after recent sales of million dollar homes (that sold for HALF of their asking price) nearby, (which ours' aren't), Waterfront (which our primary isn't), etc. and soon as the sale is reported...zillow (& the other similar sites) go 'nuts'.
It'd be funny if it weren't so depressing....watching the overall downward trend, yet our graph(s) look like the Freaking Himalayas! When Your valuation SPIKES 90%, in 1 month, based on a recent, nearby sale that's so far different from YOUR home (as in WF, 2x the SF & 10 yrs newer along w/a pool, golf course frontage, etc.) it can get pretty annoying. In the end, we always seem to wind up where it should be but for months and months You're either WAY too high or low....
-HTH
I like that: "My House isn't the Dow"
Dean, Here's the secret...dig a little deeper. I did and figured out the 'algorythm'(<--sp? & sarcasm intended).
Don't feel alone either...
here's the straight skinny from a guy who spent YEARS watching the 'whack a mole' pricing on our houses bouncing around enough to make a jack in the box proud.
It's RECENT SALES in Your neighborhood, regardless of how 'comparable' they ARE to Your place or not. I've watched after recent sales of million dollar homes (that sold for HALF of their asking price) nearby, (which ours' aren't), Waterfront (which our primary isn't), etc. and soon as the sale is reported...zillow (& the other similar sites) go 'nuts'.
It'd be funny if it weren't so depressing....watching the overall downward trend, yet our graph(s) look like the Freaking Himalayas! When Your valuation SPIKES 90%, in 1 month, based on a recent, nearby sale that's so far different from YOUR home (as in WF, 2x the SF & 10 yrs newer along w/a pool, golf course frontage, etc.) it can get pretty annoying. In the end, we always seem to wind up where it should be but for months and months You're either WAY too high or low....
-HTH
Wild and frequent swings in zestimate
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