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zillow est.

 zillow what the property is worth is accurate but the realetors have pushed the prices up 20.000 to 30.000 but i am going to offer zestimate 
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October 15 2013 - Anaheim
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Answers (5)

Zestimates are just that "estimates" I always suggest clients offer what they are willing to pay knowing that the lenders appraisal will not allow for them to over pay for the home. If you are paying cash, I suggest you get your own third party appraisal!
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October 16 2013
Realtors cannot push home values. Supply, demand and the economy control prices.

Zillow values can be grossly off...http://www.zillow.com/howto/DataCoverageZestimateAccuracy.htm

A 10% error on Zillow is $20,000 on a $200,000 home.
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October 16 2013
There is no basis in fact to use the Zestimate.  You will hurt your chances of buying a home.

Your Realtor will give you the most up to date valuations for the home you are considering.

Real estate valuations are like the stock market.  They can change in a day.

Zillow information can be substantially outdated because their estimates are not published in real time. 
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October 16 2013
Zillow is simply a third party web site that makes estimates nationally, rather than based on local values in specific areas and considering the quality and features of any specific property. Zillow is not licensed to do appraisals nor tax assessments, and does not attempt to do so. A local appraiser or REALTOR are licensed professionals and either can help you determine a fair market value for a property.
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October 15 2013
Zestimate is just a computer generated price based on sq.ft number of
bed rms, baths etc. on property comps. They aren't based on condition
or other things you would see if you visit the property.
The realtors and or appraisers can only do that based on the actual house.

If you're going to use that as a reference then you may embrace for a
heavy counter offer,  if that's what they're asking.

They can ask what they want...and you can offer what you want.
Then again they may say deal.
Wish you luck and hope you get it within reason and are happy with it.
-Joseph-
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October 15 2013
 
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