Zillow Advice: Pricing - Zillow #1602301 - can we get the "Zestimate" removed or changed? It deflates our asking price. http://www.zillow.com/advice-thread/Zillow-1602301-can-we-get-the-Zestimate-removed-or-changed-It-deflates-our-asking-price/440117/ Zillow Advice | Zillow Real Estate "Will provide update when ... http://www.zillow.com/advice-thread/Zillow-1602301-can-we-get-the-Zestimate-removed-or-changed-It-deflates-our-asking-price/440117/ "Will provide update when done"<br/><br/>Thank you <br/>I'm am looking forward to learning how this goes for you and what you are told<br/> Thu, 26 Apr 2012 01:04:00 GMT http://www.zillow.com/advice-thread/Zillow-1602301-can-we-get-the-Zestimate-removed-or-changed-It-deflates-our-asking-price/440117/ 2012-04-26T01:04:00Z Zillow doesn't remove public ... http://www.zillow.com/advice-thread/Zillow-1602301-can-we-get-the-Zestimate-removed-or-changed-It-deflates-our-asking-price/440117/ Zillow doesn't remove public information, so while you don't have to have it listed for sale on Zillow, the home's page (and zestimate) will remain.<br/><br/>I could certainly be wrong, but most buyers seem to understand that zestimates are not always accurate. It sounds like your home is going to be very desireable, I wouldn't stress about a zestimate that most people won't even see, and is easily refutable if someone brings it up. Again, I&nbsp;would really consider updating all those elements missing from your home's information.&nbsp;Good luck! Thu, 26 Apr 2012 01:00:00 GMT http://www.zillow.com/advice-thread/Zillow-1602301-can-we-get-the-Zestimate-removed-or-changed-It-deflates-our-asking-price/440117/ 2012-04-26T01:00:00Z @User1602301:Before you contact ... http://www.zillow.com/advice-thread/Zillow-1602301-can-we-get-the-Zestimate-removed-or-changed-It-deflates-our-asking-price/440117/ @User1602301:<br/><br/>Before you contact Zillow with your requests, you may find the following two Zillow FAQs useful.&nbsp;&nbsp; It will give you the appropriate background information.&nbsp; <br/><br/><a href="http://www.zillow.com/wikipages/What-is-a-Zestimate/">What is a Zestimate?</a><br/><br/><a href="http://www.zillow.com/wikipages/Can-I-Remove-My-Home-From-Zillow-%28Video%29/">Can I remove my home from Zillow?</a><br/> Thu, 26 Apr 2012 00:54:00 GMT http://www.zillow.com/advice-thread/Zillow-1602301-can-we-get-the-Zestimate-removed-or-changed-It-deflates-our-asking-price/440117/ 2012-04-26T00:54:00Z Thanks to all who have responded.&nbsp; ... http://www.zillow.com/advice-thread/Zillow-1602301-can-we-get-the-Zestimate-removed-or-changed-It-deflates-our-asking-price/440117/ Thanks to all who have responded.&nbsp; Since we are new to this process, I am going to call Zillow and ask them to either remove the Zestimate or remove our property from their listings.&nbsp; Will provide update when done. Thu, 26 Apr 2012 00:42:00 GMT http://www.zillow.com/advice-thread/Zillow-1602301-can-we-get-the-Zestimate-removed-or-changed-It-deflates-our-asking-price/440117/ 2012-04-26T00:42:00Z I think a few support them ... http://www.zillow.com/advice-thread/Zillow-1602301-can-we-get-the-Zestimate-removed-or-changed-It-deflates-our-asking-price/440117/ <br/>I think a few support them here but see little evidence many elsewhere perceive them or the Zestimate in the same way ..unless they are paid to or have some sort of Business/working relationship with them.<br/><br/>Here's what people see if they search Zillow on Wikipedia<br/> <br/> <u>"It has encountered controversy over alleged appraisal licensing violations in some states and the degree of inaccuracy and alleged inconsistencies of its appraisal algorithm. When the results of its appraisal algorithm are challenged and requests for corrections are made, Zillow states that it cannot change the estimate because it pulls in data from other sources and further states that the changes have to be made by the customer by going to the source(s) of the information. Zillow thus absolves itself from inaccurate estimations of a property's value. In addition, Zillow's lack of reliability is primarily because it cannot take into account any form of property renovations, condition of properties, upgrades to the property in the form of landscaping, roofing, kitchen improvements, etc. Therefore, two houses standing side-by-side with similar square footage and number of bedrooms are valued at the same price on Zillow, regardless of condition."</u> <a rel="nofollow" href="http://en.wikipedia.org/wiki/Zillow">Link</a><br/>(Not attempting to claim Wikipedia is Facts or even correct only that this is what people see..a good number think)<br/> <br/> IMHO the argument a good job has been done is being done by Zillow in Responding to Questions/Concerns or promoting it's value is a very weak one..<br/><br/>I find the position taken by a few &amp; expressed by the Chief Economist of&nbsp; Zillow (<a href="http://www.zillow.com/advice-thread/In-the-Forum-Stan-Humphries-Chief-Economist-Zillow-Posts-about-Zestimates/439868/">Link</a>)that you can't or shouldn't allow people to opt-out of displaying the number because it has such Value to us all <br/>Arrogant<br/> Condescending<br/> Insulting<br/> In my Top Ten of Stupid Positions to take<br/><br/>This is what the CEO Spencer Rascoff of Zillow posted about Removing Zestimates......allowing people to opting out<br/><br/>"Regarding why we don't let owners opt their home out of Zestimates: we believe that providing home valuations, as imperfect as they might sometimes be, is in the public interest.<br/>Access to this type of information benefits the overall market, and frankly if <u>real estate</u> data including Zestimates had been more readily available in the 2003-2006 bubble era (which was pre-Zillow), perhaps we wouldn't be paying the price today in our overall economy. Information empowers people to make smarter decisions."....(<a rel="nofollow" href="../../what-is-the-average-home-price-san-francisco/423743/">LINK</a>)<br/><br/> Wed, 25 Apr 2012 02:54:00 GMT http://www.zillow.com/advice-thread/Zillow-1602301-can-we-get-the-Zestimate-removed-or-changed-It-deflates-our-asking-price/440117/ 2012-04-25T02:54:00Z Hi Jeff: Are you willing ... http://www.zillow.com/advice-thread/Zillow-1602301-can-we-get-the-Zestimate-removed-or-changed-It-deflates-our-asking-price/440117/ Hi Jeff: <br/><br/>Are you willing to share the statistics of your CMAs?&nbsp;&nbsp; What is the mean and median for CMAs you offer for houses before listing vs the actual sales price?&nbsp; What is the sample size you are using in your statistics?<br/><br/>How many years of statistical training do you have under your belt?<br/><br/>Do you produce 100,000,000 CMAs several times a week?<br/><br/> Wed, 25 Apr 2012 02:35:00 GMT http://www.zillow.com/advice-thread/Zillow-1602301-can-we-get-the-Zestimate-removed-or-changed-It-deflates-our-asking-price/440117/ 2012-04-25T02:35:00Z Zestimates are in NO way ... http://www.zillow.com/advice-thread/Zillow-1602301-can-we-get-the-Zestimate-removed-or-changed-It-deflates-our-asking-price/440117/ Zestimates are in NO way accurate and should never be used by licensed or unlicensed individuals for any real estate situations.&nbsp; It is an over simplified CMA that involves no real research an has no merit.&nbsp; It should be illegal to just throw numbers around like they do here.&nbsp; Any educated REALTOR(R) will be able to squash anyone using Zillow to make an offer on a home.<br/><br/>Jeff Metcalf, REALTOR(R)<br/>Watson Realty Corp.<br/><em>[contact information deleted by Zillow moderator. PLEASE see our <a href="http://www.zillow.com/howto/GoodNeighborPolicy.htm">Good Neighbor Policy</a> for posting guidelines]</em> Wed, 25 Apr 2012 02:28:00 GMT http://www.zillow.com/advice-thread/Zillow-1602301-can-we-get-the-Zestimate-removed-or-changed-It-deflates-our-asking-price/440117/ 2012-04-25T02:28:00Z Thank you so much.&nbsp; ... http://www.zillow.com/advice-thread/Zillow-1602301-can-we-get-the-Zestimate-removed-or-changed-It-deflates-our-asking-price/440117/ Thank you so much.&nbsp; I saw the price of my property on Zillow and just about died. My home has undergone many upgrades that are now shown here. I plan to put my home on the market and worry that what's shown on Zestimate will dgreatly impact the asking price. Thanks for the reassurance. Tue, 24 Apr 2012 15:06:00 GMT http://www.zillow.com/advice-thread/Zillow-1602301-can-we-get-the-Zestimate-removed-or-changed-It-deflates-our-asking-price/440117/ 2012-04-24T15:06:00Z I think in your case, you ... http://www.zillow.com/advice-thread/Zillow-1602301-can-we-get-the-Zestimate-removed-or-changed-It-deflates-our-asking-price/440117/ I think in your case, you may well be able to adjust your zestimate. Zillow is missing a substancial amount of information on your home, like number of bedrooms, baths, and square footage. In addition, if you open up the MORE DETAILS, it says NO on everything. I believe if you update these items it will affect your zestimates over a period of 6 to 8 weeks. This video may help: <a href="http://www.zillow.com/advice-thread/How-to-edit-your-home-facts/406782/">Video<br/></a><br/>You might also consider updating the standard wording that Zillow has under your home's pictures. <br/><br/>All that being said, I completely agree that most people do not put that much stock in a zestimate. They tend to look more at recently sold properties that are comparable. And many people will also&nbsp;look at Zillow to see what the market in the area has been doing, up or down.&nbsp;&nbsp;Good luck selling your home. Tue, 24 Apr 2012 13:13:00 GMT http://www.zillow.com/advice-thread/Zillow-1602301-can-we-get-the-Zestimate-removed-or-changed-It-deflates-our-asking-price/440117/ 2012-04-24T13:13:00Z I asked the same question ... http://www.zillow.com/advice-thread/Zillow-1602301-can-we-get-the-Zestimate-removed-or-changed-It-deflates-our-asking-price/440117/ I asked the same question for one of my listings.&nbsp; The information showed the last sale years before my current seller bought it.&nbsp; I even volunteered the Louisiana Tax Commision web site as a means of determining at least current assessed value.&nbsp; The reply I received was that they do not enter this information by hand, but it is a computerized compilation with the accessible data.&nbsp; So, if you are listed with an agent, that agent can comment on why he/she thinks the Zestimate is incorrect, but they will not change it.&nbsp; Like the previous response, we find Zestimates to be grossly incorrect in Louisiana. Tue, 24 Apr 2012 13:04:00 GMT http://www.zillow.com/advice-thread/Zillow-1602301-can-we-get-the-Zestimate-removed-or-changed-It-deflates-our-asking-price/440117/ 2012-04-24T13:04:00Z