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Will Zillow reevaluate home values if provided with comps and any other info that could effect value

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August 02 2011 - Redwood City
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The Zestimate is recalculated if facts change (such as room number, or square footage).  It is not recalculated in response to presentation of comps.   
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August 02 2011
Roger,

Please don't put so much stock in Zestimates. They don't mean anything and are not justification for a buyer to low-ball you in a sale.

There are only 2 values that mean anything, and neither rely on zillow for their numbers. 1) The price calculated by an appraiser, and 2) the price someone is willing to pay for your home. That's it.

If you are trying to sell your home right now, one technique I've used to stop buyers from low-balling my sellers is getting my own appraisal. Technically, an appraisal is only good for the day the report is done, and becomes less valid every week that goes by thereafter. But, an appraisal always holds a lot more weight than a Zillow estimate.

Give that a try... hope it helps ease your worries.

David
[edited by Zillow moderator to remove website]
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August 02 2011
 
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Will Zillow reevaluate home values if provided with comps and any other info that could effect value
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