Close

See current mortgage rates on Zillow Mortgage Marketplace

Profile picture for mercyfisher

how accurate cloase does the zillow apprasial come to an actually apprasial

  Flag content
Close
Report a Problem

Please enter a valid email address.

Close
Content flagged

We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

Close
We're Sorry
This service is temporarily unavailable. Please come back later and try again.
July 30 2009 - Dyer
We think we've answered this question for you!
  • Be a Good Neighbor. Be respectful and on-topic. No spam or self-promotion! See our Good Neighbor Policy.
 
 

Answers (10)

Mercyfisher, it is relative to the state and city that you are trying to get your value. In states with open records, the raw data that supplies comparables is more accurate than states that have a "closed" policy. As Tony Grego referenced, Indiana is not an open records state and zillow is not an effective tool for that kind of assessment.

Here is my suggesstion. If you know any Realtors, you could ask them to do a quick CMA. Or ask your neighborhood appraiser. If you need any resources, please ask as I am located here in NW Indiana.

  Flag content
Close
Report a Problem

Please enter a valid email address.

Close
Content flagged

We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

Close
We're Sorry
This service is temporarily unavailable. Please come back later and try again.
September 16 2009
Profile picture for tgrego
Indiana is a "closed record" state. This makes the Zillow estimates not to be the most reliable. To best find out a realtor or apprasior is the only way.

Good Luck
Tony
  Flag content
Close
Report a Problem

Please enter a valid email address.

Close
Content flagged

We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

Close
We're Sorry
This service is temporarily unavailable. Please come back later and try again.
September 11 2009
Zillow estimates should be used for information purposes only and can not be considered as completely accurate. Prices vary from block to block according to neighborhoods. Zillow often uses comparable homes from non-comparable neighborhoods. Tax figures can also be inaccurate because some towns only changes assessments every 3-7 years. I suggest using it for information and to make sure as a homeowner you check to make sure the information about your house on Zillow is accurate.
  Flag content
Close
Report a Problem

Please enter a valid email address.

Close
Content flagged

We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

Close
We're Sorry
This service is temporarily unavailable. Please come back later and try again.
July 31 2009
Values are all over the board.  Zillow cannot be blamed but only used as a tool.  Good for a quick comp, but as a major lender sometimes the appraisals come in a little bit lower depending on the area.  If it does come back higher, I am having a party! 
  Flag content
Close
Report a Problem

Please enter a valid email address.

Close
Content flagged

We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

Close
We're Sorry
This service is temporarily unavailable. Please come back later and try again.
July 31 2009
Keep in mind that Zillow's value model is automated and as with any model you can have issues of "garbage in, garbage out". 

For example, if Zillow's data is missing information about legal additions to a property or legal changes in room count or, as in my case, zillow's data doesn't pick up the fact that my home has a large private roof deck with incredible views of SF, then zillow's valuation engine will not take these "valuable" features into account. 

I have found zillow to be very accurate when they have recent comp data for very similar properties. 



  Flag content
Close
Report a Problem

Please enter a valid email address.

Close
Content flagged

We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

Close
We're Sorry
This service is temporarily unavailable. Please come back later and try again.
July 30 2009
Profile picture for Wonder Why
zestimate said the house I was in the process of purchasing was $452k but my appraisal came out as $459k...which was also asking price.  now, I don't know if my appraiser intentionally appraised it at asking price so the transaction can go through...
  Flag content
Close
Report a Problem

Please enter a valid email address.

Close
Content flagged

We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

Close
We're Sorry
This service is temporarily unavailable. Please come back later and try again.
July 30 2009
Exhibit A)

 Zillow says $856,500, actual appraisal came back at $600,000.

That's quite some margin of error!
  Flag content
Close
Report a Problem

Please enter a valid email address.

Close
Content flagged

We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

Close
We're Sorry
This service is temporarily unavailable. Please come back later and try again.
July 30 2009
Hi,

We publish our Zestimate accuracy rate for different regions on the website: http://www.zillow.com/howto/DataCoverageZestimateAccuracy.htm

Let me know if you have any other questions.
  Flag content
Close
Report a Problem

Please enter a valid email address.

Close
Content flagged

We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

Close
We're Sorry
This service is temporarily unavailable. Please come back later and try again.
July 30 2009
Profile picture for wetdawgs
If you delve deeply into this website, you'll be able to find a section that shows the percentage variation in Zestimates vs actual sales prices in different communities.

10% is pretty typical in most major communities.
  Flag content
Close
Report a Problem

Please enter a valid email address.

Close
Content flagged

We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

Close
We're Sorry
This service is temporarily unavailable. Please come back later and try again.
July 30 2009
About as accurate as throwing darts to determine value.
  Flag content
Close
Report a Problem

Please enter a valid email address.

Close
Content flagged

We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

Close
We're Sorry
This service is temporarily unavailable. Please come back later and try again.
July 30 2009
 
Related Questions
how accurate cloase does the zillow apprasial come to an actually apprasial
Profile picture for James Barath
Latest answer by James Barath
September 16 2009 | 10 answers
  • Asked by mercyfisher
  • In Refinance
  • July 30 2009
Mortgage Rates
 
Be A Good Neighbor

Zillow Advice depends on each member to keep it a safe, fun, and positive place. If you see abuse, flag it. More on our Good Neighbor Policy.

Homes for Sale
  1. 1304 Greenwood Ave, Dyer, IN Home For Sale
    1304 Greenwood Ave, Dyer, IN 46311

     For Sale: $108,500

    • Beds: 3
    • Sqft: 1056
    • Baths: 1.0
    • Lot: 9535
  2. 11775 80th Pl, Dyer, IN Home For Sale
    11775 80th Pl, Dyer, IN 46311

     For Sale: $149,900

    • Beds: 2
    • Sqft: 1481
    • Baths: 2.0
    • Lot: 21780
  3. 1031 Killarney Dr, Dyer, IN Home For Sale
    1031 Killarney Dr, Dyer, IN 46311

     For Sale: $899,000

    • Beds: 6
    • Sqft: 8049
    • Baths: 5.0
    • Lot: 22215