Profile picture for kmp122

how do we get the home value increased on zillow?

We recently purchased a home in foreclosure. It was in much need of TLC. We have upgraded and updatedthe interior but still have some to do on the exterior. The house across the street from us sold 8 yrs. ago under the same circumstances. It has recently sold for over 300K more than the price paid then. On the fact page for that home, it states the last update as 1997. So, does adding owners comments get the information to Zillow that the Home details and description, or fact page does not?
With the recent changes to Zillow, it shows our home has gone down in value, and we know that is not the case, so what can we do?
  • June 30 2011 - Hendersonville
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Answers (2)

Profile picture for Pacita Dimacali

First --- did you claim your home on Zilllow

Second --- have you provided information i.e., described the improvements you've made, and posted pictures on what you've done? For example, take pictures of the improvements you've made.

Unfortunately, if your area has many foreclosures and short sales that were sold recently, they WILL affect the market value of your place because they will be used as comps when appraising your property by whomever is doing a comparable analysis.

It used to be that appraisers may only look at regular sales...however, because there are so many distressed properties today, they will take those in consideration when doing an analysis, but will give special consideration to regular sales.

If you're not planning to sell in the near future, ride it out.

Or....you can use this information --- as well as a professional assessment by a realtor and/or appraiser, and have your tax assessment adjusted accordingly.

Good luck.

  • June 30 2011
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Hi KMP122,
 While I'm not sure exactly how to answer your question, I would think a good start would be putting your question into the right category...

 Good Luck!
Tom
  • June 30 2011
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