why did my house value raise 100k in the last few days??

Profile picture for elenahouse
A few days ago my house was valued at 470k now it is 568k.  Why the HUGE jump.  Can I trust this number??
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June 14 2011 - Berkeley
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Answers (1)

Profile picture for Bill Fletcher
No , You cannot trust either number.  Remember its called a zestimate.  Zillow has a formula that they use and its based on public records (which are notoriously inaccurate).  The best way to get a true value of your property is through a good agent.  Values do change but 20% in a week is not realistic.  a realtor that knows your area can come out do a walk through and give you a value range based upon condition, clocation and comparative market analysis.
If you would like you can call me and we can make an appointment....no charge, no obligation. I live and work in Berkeley.
Best wishes
Bill.
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June 14 2011
 

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