Hi! First, let me say the estimates on Zillow are just that - estimates. And you are seeing one of the main reasons why they should be used for information, but not written in stone as the current price for a home. You, as the owner of the property, can claim this property and change the data and suggest your own fair value price. BUT remember, just because you price it there does not mean that is the price someone will pay for it anymore than the zillow price. If you are serious about purchasing or selling a home you need to contact a Realtor who will use sold houses that are comparable to yours in pricing or putting an offer on a home. Betty Hesaltinewww.BettySellsHouses.com
Hi Kerry,Zillow uses tax records and sales of homes in the area (which may or may not be comparable in value to yours) to come up with a zestimate for your home. It really needs to be looked at as just that - a zestimate, which is a made up word! Home selling prices may be higher or lower in your area than what is actually seen on Zillow. Use the zestimate as a interesting piece of information but not as a true, set in stone, value of your home. Anyone can price their house for whatever they wish. The question is will someone purchase it at that price. And if they do, then your zestimate should increase.
Go to my website www,BettySellsHouses.com and click on the Utility Hookup button. Input the address of homes you are thinking of purchasing and the utilities (including cable and DSL) will pop up.
West Point is in King William County, Virginia.
Zillow estimates should be used for information purposes only and can not be considered as completely accurate. Prices vary from block to block according to neighborhoods. Zillow often uses comparable homes from non-comparable neighborhoods. Tax figures can also be inaccurate because some towns only changes assessments every 3-7 years. I suggest using it for information and to make sure as a homeowner you check to make sure the information about your house on Zillow is accurate.
Hi! A buyer never wants to pay too much and a seller never wants to get too little, but that is what each believes in this market. Before putting your offer on the table what did you base the offer on? Past sales? Tax assessments? Or did you just pull a figure out of the hat? Any offer, just like the listing price on a house, should be based on facts. That way when if a counteroffer is made you have the supporting evidence to explain the offer. Go back to why you made the offer and see if the counteroffer is reasonable or not. If you priced it just because you can afford that price, and only that price, there is no real reason for the seller to accept. Good Luck!
Hi Auhu,Not knowing the market area it is impossible to tell you if this is a good offer or not. You should look at what the property is assessed for, what are the things that need to be fixed, what are other homes selling for in the area, what was the house on the market for before it went into foreclosure, and what was the amount owed on the mortgage as starters. A local Realtor is very valuable in assessing the offer and representing you. As foreclosures are very different from a general warranty deed on "regular" houses, be sure you know what you are getting involved with! Good luck!