Zillow Advice: Using Zillow to buy - Can a quick sell because of divorce skew the stats for Zillow. My offer now seems way to high?

Spencer from Zillow here,totally ...

Thu, 28 May 2009 00:58:00 GMT

Spencer from Zillow here,
totally agree-- the Zestimate is just a starting point. A more accurate opinion of the home's value can be had from an agent or an appraiser.

Here's a video with more info.

you should be offering between ...

Wed, 27 May 2009 20:09:00 GMT

you should be offering between '95 and 2001 prices, if it JUST SOLD LAST YEAR IN SANTA CRUZ CA, then yes, in this case house prices have fallen off a cliff and you should not even be in the same ballpark. sorry, but its buyers remorse and they want to stick you with a depreciating asset... dont get discouraged, but do get informed or get an agent... you should know what it is worth before you start submitting offers.

I agree with Ted. Don't ...

Wed, 27 May 2009 19:45:00 GMT

I agree with Ted. Don't let the zillow values discourage you. Although zillow is a great guide, it is not perfectly accurate for current values. Banks will go off most recent 3 months of sales. The market if very volatile, but stay positive.

Dear SantaPaul,Sit down with ...

Wed, 27 May 2009 18:32:00 GMT

Dear SantaPaul,

Sit down with your Realtor and have them show you what avaliable and whats pending and whats sold in the last 4 months.

Have them put you in the car after that and show you the properties that
are close to your.

Good luck to you and God bless you,
Ted