Profile picture for DOWDMURPHY

zillows estimated value of homes

ZILLOW IS NOT ACCURATE WHEN THEY COMPARE TWO DIFFERENT MODELS IN AN ADULT COMMUNITY AT THE SAME VALUE;....MY MODEL IN TOMS RIVER HCW IS A CASTLE HARBOR WITH UPGRADES AND ZILLOW HAS MY HOME VALUED THE SAME AS A CAPRI OR A LAKEVIEW WHICH ARE MUCH SMALLER AND SHAPED LIKE TRAILERS.....CASTLE HARBORS HAVE WIDER PROPERTY AND LARGER HOMES WITH LARGER ROOMS ETC.  MY FRIENDS HAVE CALLED TO TELL US THEY HAVE SEEN OUR HOME COMPARED TO THESE HOUSES AND WANT TO KNOW WHY DID WE USE ZILLOW, NOW I AM REALIZING THAT ZILLOW BASES THEIR INFO WITHOUT DETAILS OF MODELS THIS CAN DAMAGE A REFINANCE OR A SALE OF A HOME SO PLEASE CORRECT THIS DEFECT IN YOUR SITE BY ASKING THE MODEL OF HOMES IN ADULT COMMUNITIES
  • August 03 2010 - Toms River
  • 0Yes

  • Report a Problem

    Please enter a valid email address.

    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.

    We're sorry. This service is temporarily unavailable. Please come back later and try again.

Be a Good Neighbor. Be respectful and on-topic. No spam or self-promotion! See our Good Neighbor Policy.

 
 

Answers (4)

Best Answer

Zillow portrays an estimate of market value and trend as many other national web-sites do.  The best way to determine value is to work with a Realtor in  your area that has the facts on active, Under Contract, & Sold units in your community.  Other real estate professionals should be working with the same facts and an appraiser should use those facts too.  Working with a liscensed professional in your area to communicate these facts may help you now or in the future.  Best of luck!
  • August 03 2010
  • 1Yes

  • Report a Problem

    Please enter a valid email address.

    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.

    We're sorry. This service is temporarily unavailable. Please come back later and try again.

Profile picture for DOWDMURPHY

YOU ARE WRONG MR DUNN FROM  .....CAPS ARE NOT SHOUTING AND I AND SOME OF OUR FRIEND PERSONALLY KNOW THAT BANKS DO USE ZILLOW FOR REFERENCE TO APPRAISELS IN THE LOCAL AREA THEY ARE INQUIRING ABOUT,  SO DO RESEARCH BEFORE ANSWERING QUESTIONS.

  • August 03 2010
  • 1Yes

  • Report a Problem

    Please enter a valid email address.

    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.

    We're sorry. This service is temporarily unavailable. Please come back later and try again.

Profile picture for DOWDMURPHY
I  FIND TYPING IN CAPS AS I HAVE DONE FOR THE PAST 40 YEARS WORKS WELL, IT PROVIDES CLARITY FOR THE READER....BY THE WAY YOUR ANSWER IS WRONG THE BANK DOES USE ZILLOW, I SPOKE WITH A BROKER WHO HAS USED IT FOR A COUPLE OF YEARS NOW,  SO BEFORE YOU ANSWER FOR ALL DO SOME RESEARCH.
  • August 03 2010
  • 1Yes

  • Report a Problem

    Please enter a valid email address.

    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.

    We're sorry. This service is temporarily unavailable. Please come back later and try again.

While everyone will agree that the values that Zillow gives properties are flawed at best, I don't think anyone in the business of selling or financing homes will tell you that Zillow has any effect on the refinance or sale of a property.

Zestimates are a nice 'toy' for the public to play with, but no reputable lender, appraiser, or real estate agent gives any weight to what Zillow says in regards to the value of a home.

by the way STOP SHOUTING!!! When you type in ALL CAPS, it translates online into shouting.

  • August 03 2010
  • 0Yes

  • Report a Problem

    Please enter a valid email address.

    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.

    We're sorry. This service is temporarily unavailable. Please come back later and try again.