Answers (2)
- Matt Hiatt, "Matt Hiatt"
- Contributions:230
Zillow uses the word zestimate because they are not actual comps, just an estimate. Sometimes they are close, other times they are way off, depending on where they get there information. Fortunately, the value of your home goes by sold comps in your area and has nothing to do with Zillow.Iif you had an appraisal done on the refi, that would be the information to use. If not, you could have an agent pull comps for you.
- Cindy Quinton, "Cindy Quinton"
- Contributions:2444
It is possible, I've seen it pick up a refi. Does the home's page show it as a sale? If so, use the little gray flag to report the error.
Otherwise, zestimates go up and down, and it really has little to do with the value of your home on a given day.
Otherwise, zestimates go up and down, and it really has little to do with the value of your home on a given day.
cause of decrease
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