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Answers (4)
- New_Englander
- Contributions:60
Unfortunately, posting here isn't going to cause Zillow to reevaluate - too many people consider posting here to be the equivalent of sending an e-mail to someone in charge (not that that would help, either.)
Many Zestimates are WAY off. I lost $80,000 in a two week range (about $45K when the new algorithm went into place, and another $35K two weeks later.) I can't figure out why my house, which is one of the nicer ones on the road, continues to drop every time a new Zestimate is posted (which happens at arbitrary intervals, I might add) while other houses are increasing in "zestimated" value. Zestimates are changing wildly (up or down) in a matter of days in my town. Zestimates in nearby towns are increasing as much as mine is decreasing. My house is well-maintained with a larger lot than most in the area, nice landscaping, nice finishes. The property tax assessments, while not terribly accurate, either, show a completely different "ordering" of local property values.
I expect an actual appraisal would come up with a much higher number, but I, too, am concerned about an inaccurate zestimate turning off some potential buyers when I go to sell my house at a higher asking price. I'd prefer to not have my house on Zillow at all, but there is no way to remove it. Alas.
Zillow admits to the "limitations" of Zestimates, and touts them as good starting points. But, given all the limitations, I would say they're not even a good starting point. They're so limited as to seem arbitrary, and really seem to have no use whatsoever.
Many Zestimates are WAY off. I lost $80,000 in a two week range (about $45K when the new algorithm went into place, and another $35K two weeks later.) I can't figure out why my house, which is one of the nicer ones on the road, continues to drop every time a new Zestimate is posted (which happens at arbitrary intervals, I might add) while other houses are increasing in "zestimated" value. Zestimates are changing wildly (up or down) in a matter of days in my town. Zestimates in nearby towns are increasing as much as mine is decreasing. My house is well-maintained with a larger lot than most in the area, nice landscaping, nice finishes. The property tax assessments, while not terribly accurate, either, show a completely different "ordering" of local property values.
I expect an actual appraisal would come up with a much higher number, but I, too, am concerned about an inaccurate zestimate turning off some potential buyers when I go to sell my house at a higher asking price. I'd prefer to not have my house on Zillow at all, but there is no way to remove it. Alas.
Zillow admits to the "limitations" of Zestimates, and touts them as good starting points. But, given all the limitations, I would say they're not even a good starting point. They're so limited as to seem arbitrary, and really seem to have no use whatsoever.
- justthefactsmaam
- Contributions:1
I agree. Looking around our immediate blocks of home values, some of the less kept up homes with less desirable views are valued much higher than the homes that are very well maintained, have immaculate exterior presence. Zillow is a good ball park, but wouldn't use it as an argument of true home value.
You can put in the description of all the improvements that were made since your purchase. (if you have some before/after then it might be even more impressive)
And you can also make your own estimate and make your estimate public.
That way people can have an idea of the efforts you put into your house.
And you can also make your own estimate and make your estimate public.
That way people can have an idea of the efforts you put into your house.
- wetdawgs
- Contributions:26854
Zestimates are not appraisals, and only can use the publicly available facts. Zestimates don't take into account superb upgrades, views, exquisite landscaping (and probably not barns, dressage areas) etc. As a consequence, Zestimates are only starting points for comparisons of properties and are not appraisals or CMAs. When having a unique property, comparables are scarce and therefore Zestimates are even further off.
Your zillow estimate seems to be way of base and could hurt my chances of a sale
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