Zillow Advice: Pricing - Why is my house worth less than similar homes? http://www.zillow.com/advice-thread/Why-is-my-house-worth-less-than-similar-homes/510180/ Zillow Advice | Zillow Real Estate I would not even characterize ... http://www.zillow.com/advice-thread/Why-is-my-house-worth-less-than-similar-homes/510180/ I would not even characterize zillow as a 'best guess' - is not even a guess. &nbsp;The average and median price of homes sold in my town over the last 12 months is about 60% higher than what zillow caims is the median / mean price. &nbsp; Wed, 11 Sep 2013 19:17:00 GMT http://www.zillow.com/advice-thread/Why-is-my-house-worth-less-than-similar-homes/510180/ 2013-09-11T19:17:00Z It's probably not.&nbsp; ... http://www.zillow.com/advice-thread/Why-is-my-house-worth-less-than-similar-homes/510180/ It's probably not.&nbsp; The value of your home is determined by what a buyer is willing to pay in the current market.&nbsp; Even Real Estate agents can only give a best guess as to the value best on a variety of different factors.&nbsp; It sounds like your property would sell for more than your neighbors' homes.&nbsp; I live in your area and would be happy to give you a great idea of the current value.<br/> Tue, 10 Sep 2013 13:33:00 GMT http://www.zillow.com/advice-thread/Why-is-my-house-worth-less-than-similar-homes/510180/ 2013-09-10T13:33:00Z Zestimates are not even estimates ... http://www.zillow.com/advice-thread/Why-is-my-house-worth-less-than-similar-homes/510180/ Zestimates are not even estimates - they are a mathematical formula that takes in only a limited set of variables with inappropriate weighting. &nbsp;Zestimates in your case may be a gross disservice. Fri, 06 Sep 2013 15:25:00 GMT http://www.zillow.com/advice-thread/Why-is-my-house-worth-less-than-similar-homes/510180/ 2013-09-06T15:25:00Z If similar (comps) are more ... http://www.zillow.com/advice-thread/Why-is-my-house-worth-less-than-similar-homes/510180/ If similar (comps) are more upgraded than yours then your house value goes down and vice versa. Fri, 06 Sep 2013 02:58:00 GMT http://www.zillow.com/advice-thread/Why-is-my-house-worth-less-than-similar-homes/510180/ 2013-09-06T02:58:00Z Hi,Can the larger lot in ... http://www.zillow.com/advice-thread/Why-is-my-house-worth-less-than-similar-homes/510180/ Hi,<br/><br/>Can the larger lot in this case be subdivided, or easily used for expansion, or is it a pie shaped lot?<br/><br/>All the best,<br/><br/>Arpad<br/><br/><br/> Fri, 06 Sep 2013 02:34:00 GMT http://www.zillow.com/advice-thread/Why-is-my-house-worth-less-than-similar-homes/510180/ 2013-09-06T02:34:00Z Many times Real Estate Websites ... http://www.zillow.com/advice-thread/Why-is-my-house-worth-less-than-similar-homes/510180/ Many times Real Estate Websites that are not official MLS sites reflect wrong information. Your best bet is to contact a local Realtor and have them give you current market value of your home. Good Luck to you. Fri, 06 Sep 2013 02:20:00 GMT http://www.zillow.com/advice-thread/Why-is-my-house-worth-less-than-similar-homes/510180/ 2013-09-06T02:20:00Z How did you determine that ... http://www.zillow.com/advice-thread/Why-is-my-house-worth-less-than-similar-homes/510180/ How did you determine that your house is worth less than other similar homes? &nbsp;Are you just working off the Zestimate?&nbsp;<br/><br/>If you are just working off the Zestimate, the Zestimate is determined by previous transactions, tax assessments, etc. &nbsp;It's basically just a "best guess". &nbsp;This link has more info for you:<br/><a href="http://www.zillow.com/help/what-is-a-zestimate/">http://www.zillow.com/help/what-is-a-zestimate/</a><br/><br/> Fri, 06 Sep 2013 00:30:00 GMT http://www.zillow.com/advice-thread/Why-is-my-house-worth-less-than-similar-homes/510180/ 2013-09-06T00:30:00Z