Zillow Advice: Zestimates - I have an appraisal which shows my property $100K more than the zillow estimate http://www.zillow.com/advice-thread/I-have-an-appraisal-which-shows-my-property-100K-more-than-the-zillow-estimate/424844/ Zillow Advice | Zillow Real Estate The appraiser who visited ... http://www.zillow.com/advice-thread/I-have-an-appraisal-which-shows-my-property-100K-more-than-the-zillow-estimate/424844/ The <a href="http://www.zillow.com/directory/real-estate-services-appraisal/">appraiser</a> who visited your home and provided you with a detailed appraisal report is licensed and experienced in your market area. Therefore he has a much greater knowledge of the factors that affect your local market and a more in depth understanding of where that market is heading and why, i.e. local jobs increasing/decreasing, financing availability, local government programs, demographics etc. <br/><br/>Zillow bases their estimates on public information such as tax assessments, <a href="http://www.zillow.com/homes/for_sale/fore_lt/">foreclosure</a> rates in your area, # of sold properties vs. current listings, days on market etc. This is all useful information to a certain extent but only represent part of the picture. <br/><br/>Especially in smaller markets these estimates can vary widely in both directions and can be skewed by outliers. These outliers can be a house selling for far more than it would otherwise but the seller included an incentive such as a new boat or car, OR a house selling for much less BUT the buyer included in their offer to the seller a piece of land or another property in addition to the sale price. Zillow doesn't know these things but your local <a href="http://www.zillow.com/directory/real-estate-agents/">Realtor</a> and Appraiser should. <br/><br/>Congratulations on such a great appraisal! Mon, 05 Dec 2011 14:15:00 GMT http://www.zillow.com/advice-thread/I-have-an-appraisal-which-shows-my-property-100K-more-than-the-zillow-estimate/424844/ 2011-12-05T14:15:00Z I have an appraisal which ... http://www.zillow.com/advice-thread/I-have-an-appraisal-which-shows-my-property-100K-more-than-the-zillow-estimate/424844/ <strong>I have an appraisal which shows my property $100K more than the zillow estimate</strong><br/><br/>you must be thrilled! have a nice day.<br/><br/><strong>You may question the appraiser, but this is the 3rd time in 2 years I've had an appraisal performed on my property...</strong><br/><br/>nope, no reason to doubt the appraiser, though you must enjoy blowing money if you have had 3 refis in 2 years. what are you doing?<br/><br/><strong><br/>Your help in understanding why the value is off by 17% would be appreciated.</strong><br/><br/>no mystery here, the <a href="http://www.zillow.com/directory/real-estate-services-appraisal/">appraiser</a> has access to more/better information about your house itself and isnt basing his opinion on the OVERALL market. hes seen the inside. Mon, 05 Dec 2011 10:46:00 GMT http://www.zillow.com/advice-thread/I-have-an-appraisal-which-shows-my-property-100K-more-than-the-zillow-estimate/424844/ 2011-12-05T10:46:00Z Go in to My Zillow and claim ... http://www.zillow.com/advice-thread/I-have-an-appraisal-which-shows-my-property-100K-more-than-the-zillow-estimate/424844/ Go in to My Zillow and claim your property , in the remarks section mention it was appraised , the date and for how much.Zestimates are a rough idea of value, not an appraisal, Zillow states in their&nbsp;explanation,&nbsp;<br/>Here is a link<br/><a href="http://www.zillow.com/wikipages/What-is-a-Zestimate/">http://www.zillow.com/wikipages/What-is-a-Zestimate/</a> Mon, 05 Dec 2011 10:33:00 GMT http://www.zillow.com/advice-thread/I-have-an-appraisal-which-shows-my-property-100K-more-than-the-zillow-estimate/424844/ 2011-12-05T10:33:00Z