Profile picture for ami963

how do you estimate the price for a home and how can it get corrected with zillow

I have noticed error in the estimate of a home near the lake. The home in question is in a neighborhood that has both boat docks and ones without docks. This home is overstated on zillow. Why is this home overstated when it does not have a boat dock? There should be a difference between ocean front and ocean view homes.
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November 21 2013 - Gainesville
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Profile picture for carroll64
Thanks for sharing your view wet. It will truly help me too.
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November 28 2013
Profile picture for wetdawgs
Zillow does all its calculations from public data.   If the tax data and previous sales data reflect the benefit of a dock vs no dock, or views vs no views, then those values will be incorporated into the Zestimate.  Otherwise Zillow does not  have a method for incorporation these items into their model.

You can learn more in "What is a Zestimate?" 

If you have a different opinion of value (and most of us do), you are welcome to claim your home and use the owner estimate feature.
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November 21 2013
 
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how do you estimate the price for a home and how can it get corrected with zillow
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Latest answer by carroll64
November 28 2013 | 2 answers
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