Profile picture for bartman1223

Zillow value estimate

I had our house professionally appraised before puttin g it up for sale and the appraisers comps and estimate are about 50k greater than Zillow estimate. Also, cureent properties for sale in the immediate neighborhood are listed much higher than you publish. Can you review and update your data. thank you.
  • April 02 - Jenkintown
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Answers (2)

Profile picture for blue screen exile
http://www.zillow.com/zestimate/#faq-2

http://www.zillow.com/zestimate/#faq-5

http://www.zillow.com/zestimate/#faq-13

http://www.zillow.com/zestimate/#faq-10

by the way, no "guesses", but the tolerance margin and posted 70% confidence interval for each estimate are MUCH WIDER than you are expecting or "hoping for".  If any AVM could provide a tighter tolerance margin, they would.  There are 1000's of AVM's in use, but none have very tight tolerance margins.  Even though AVM's have been in use for over 25 years, the concept is still in its infancy, and methodologies are still being developed.
  • April 02
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Profile picture for Outer Banks N C
Let me ask a question to you. Did the appraiser come and see your house to learn the value? I bet you just said YES. Did Zillow send anyone there? I bet you just said NO. That should answer the question for you, the guestamates are a JOKE and no one but owners pay any attention to them. Ignore them as a novelty at best.
  • April 02
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