Zillow Advice: For Sale by Owner - My house price on zillow http://www.zillow.com/advice-thread/My-house-price-on-zillow/462598/ Zillow Advice | Zillow Real Estate Your house is definitely ... http://www.zillow.com/advice-thread/My-house-price-on-zillow/462598/ Your house is definitely worth&nbsp;MUCH more than that.&nbsp; Zillow sometimes is a bit off in their Zestimates. Mon, 06 Jan 2014 09:36:00 GMT http://www.zillow.com/advice-thread/My-house-price-on-zillow/462598/ 2014-01-06T09:36:00Z Is your house on the market? ... http://www.zillow.com/advice-thread/My-house-price-on-zillow/462598/ Is your house on the market? &nbsp;Are you getting ready to sell? &nbsp; If no to both, don't worry about it. Fri, 15 Nov 2013 04:38:00 GMT http://www.zillow.com/advice-thread/My-house-price-on-zillow/462598/ 2013-11-15T04:38:00Z The simple answer is that ... http://www.zillow.com/advice-thread/My-house-price-on-zillow/462598/ The simple answer is that we don't know how Zillow figures out its Zestimate. &nbsp;It is a proprietary algorithm running in their servers in Seattle where Zillow is headquartered. But as many have commented, &nbsp;Zestimate is a guesstimate probably based on county records. &nbsp;It does not and cannot take into consideration the impact of the value of offer prices of properties that are in "Pending Status" waiting to close and also cannot factor into price the impact of inventory shortage in a neighborhood and how that drives up competition in the bidding process. &nbsp;<br/><br/>These two factors above play a huge role in how buyer determine offer prices because it tells you the environment of your market right now, hence, impacting prices of recently sold homes. &nbsp;Yet,&nbsp;Zillow and other such algorithm driven websites throw out numbers out there without these considerations. &nbsp;Yet, your appraiser got the higher number because he/she probably called up and spoke with agents who have recently sold properties (they call listing agents all the time for their feedback about prices). &nbsp;<br/><br/>Wouldn't the price of your home be directly affected by the fact that every home in your neighborhood for sale is getting 15 offers and those that are in Pending Status are all 10% over list price? &nbsp;Computers in Seattle cannot possibly know what is happening in your neighborhood right now, yet that is the most important bit of information for a home seller. &nbsp;Anyone can get sold data that is months old; the information that is truly valuable is what is happening on the streets right now. <br/><br/>Zillow and Trulia and all other websites just guess about the market place, while Real Estate practitioners out there making offers and buying and selling "know" the marketplace. &nbsp;That is the difference.&nbsp; Fri, 15 Nov 2013 02:20:00 GMT http://www.zillow.com/advice-thread/My-house-price-on-zillow/462598/ 2013-11-15T02:20:00Z alot of factors are used ... http://www.zillow.com/advice-thread/My-house-price-on-zillow/462598/ alot of factors are used to calculate a "zestimate".&nbsp;In no way can you consider a "zestimate" a value it is a starting point.&nbsp; The best way to increase you "zestimate or guessimate" on zillow it to claim you home (which you can do by answering a few questions) and updating the facts about your home.&nbsp; Even then you will not see an instant turn around it will go up gradually of the course of several weeks.<br/><br/>If you looking for an actual value of you home you can ask a real estate&nbsp;agent for a CMA report or hire an appraiser to give you a real opinion of value!!&nbsp; Fri, 19 Oct 2012 19:35:00 GMT http://www.zillow.com/advice-thread/My-house-price-on-zillow/462598/ 2012-10-19T19:35:00Z If you want a "sound" valualtion ... http://www.zillow.com/advice-thread/My-house-price-on-zillow/462598/ If you want a "sound" valualtion of your property hire an appraiser and ask him to treat it like any other bank would--conservatively.&nbsp; <br/><br/>It isn't free, but a lot of "higher end" clients prefer "appraiser facts" over a Realtor's "free opinion."&nbsp; <br/><br/>Cheers Fri, 19 Oct 2012 17:11:00 GMT http://www.zillow.com/advice-thread/My-house-price-on-zillow/462598/ 2012-10-19T17:11:00Z A Zestimate is just an educated ... http://www.zillow.com/advice-thread/My-house-price-on-zillow/462598/ A Zestimate is just an educated guess. It remarkably agrees with your current county assessed value. Most assessed value correspond fairly close to historical data and not necessarily speculation. What goes up with eventually fall down.<br/><br/>Keller Williams-Cupertino Realty Fri, 19 Oct 2012 16:50:00 GMT http://www.zillow.com/advice-thread/My-house-price-on-zillow/462598/ 2012-10-19T16:50:00Z I agree with the last&nbsp;response. ... http://www.zillow.com/advice-thread/My-house-price-on-zillow/462598/ I agree with the last&nbsp;response. Also a resent&nbsp;appraisal&nbsp;is based on what has recently sold. Where as Zillow may factor in more surronding properties that may lower the value . Thu, 04 Oct 2012 16:59:00 GMT http://www.zillow.com/advice-thread/My-house-price-on-zillow/462598/ 2012-10-04T16:59:00Z You should have a licensed ... http://www.zillow.com/advice-thread/My-house-price-on-zillow/462598/ You should have a licensed realtor do a cma or comparative market analysis for you. Most agents provide this service for free. This is the best way to determine your homes value. The market is constantly changing and that affects the value of your home. Thu, 04 Oct 2012 16:51:00 GMT http://www.zillow.com/advice-thread/My-house-price-on-zillow/462598/ 2012-10-04T16:51:00Z