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Answers (8)
Best Answer
- Pat Pribisko, "Pat Pribisko"
- Contributions:1426
Zillow Zestimates are only estimates based upon public records. If you want more accurate info ask a local Realtor to prepare a Comparative Market Analysis (referred to as a "CMA").
- Beryl Eismeier, "Got Beryl"
- Contributions:31
...all of which is why Zillow, and most other web-platform RE sites, will fail to adequately represent your property's value, intrinsic and extrinsic assets, and saleable qualities. A listing agent who knows how to harness the saturation of the internet, and still promote your home's unique value as waterfornt, will get your home sold. Try EXiT!
- June Piper-Brandon, "junepiperbrandon"
- Contributions:248
Don't get caught up in what zestimate or any other website like this says about your property. There is no substitute for having a real estate professional come out and give you a comparative market analysis for your home. Zillow does not distinguish between water front and non water front property, it takes all neighboring properties and lumps them all together and averages the value regardless of whether or not the home has been improved or whether or not the home is a foreclosure. Zillow does not take into account how many bedrooms and bathrooms or any other features a home has. A real estate professional will talk to you about your home, ask you questions about its ammenities and then they'll come out and look at your home. To get a really good idea of value an agent will make two visits, one to look at your home and then they'll come back out with all the information they have gained from the multiple list and from visiting other homes in your community to compare them.
- Alex Cortez, "MauiRealEstateSearch"
- Contributions:114
Gomez, don't get too caught up as to what a 'zestimate' says your home is worth. A local Realtor with experience in your area and type of waterfront property would be able to give you a more accurate value range for your home. Best of luck.
- Tim Combes, "Tim Combes"
- Contributions:4
Your best bet is to find a reputable local Realtor that would be willing to do a CMA, or Comparative Market Analysis, on your home. You can't really go by "zestimates" or county assessor data.
- Leigh Lawson-everstine, "Metro Bay Realty"
- Contributions:175
Waterfront is Unique. Always has been and Always will be. If an appraiser is not familiar with waterfront, especially The Chesapeake Bay and its estuaries, then the homeowner and the bank are probably not being apprised accurately as to the properties "true value." Value not only should be given to the Million Dollar Breath-taking Sunset Views but to having deep water at your pier (which is rare and a godsend) and the ability to get out to the Bay to easily go fishing (whenever you can) and the abundance of crabs, ducks, blue herons, ospreys, and nature all year round in your backyard and yes --- IN the water. Putting and placing a Value on these characteristics is purely an Art. Waterviews are not the same as Waterfronts and shouldn't be used as a comparable unless there are not any other waterfronts that have sold and/or that are actively on the market for comparison. Waterview Homes have Great Value and we all should be so lucky to have Waterviews to gaze upon !
Waterfront Valuation is truly an Art and comes with many years of experience and truly understanding the uniqueness of it especially on The Chesapeake Bay.
Waterfront Valuation is truly an Art and comes with many years of experience and truly understanding the uniqueness of it especially on The Chesapeake Bay.
- Sandy Thacker, "CBC National_Bank"
- Contributions:54
You should be able to enter the adjustments in the "Owners Estimate" section that would compensate for the difference based on the relevant information and local knowledge that is not "publicly" known.
Hope this helps.
Hope this helps.
- sunnyview
- Contributions:25139
Zillow has no way to consider waterfront other than things they see in the numbers lie a higher purchase price or assessment value. After all, they are not providing an appraisal.
You are comparing my home to homes that are not waterfront. how do you handle the significant diff
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