Comments on: How well does Zillow Zestimate your home? http://raincityguide.com/2006/02/08/how-well-does-zillow-zestimate-your-home/ Seattle's Leading Resource for Real Estate Information Sat, 21 Nov 2009 06:01:18 -0800 http://wordpress.org/?v=2.8.4 hourly 1 By: coobuz http://raincityguide.com/2006/02/08/how-well-does-zillow-zestimate-your-home/#comment-292686 coobuz Tue, 25 Mar 2008 21:12:22 +0000 http://raincityguide.com/2006/02/08/how-well-does-zillow-zestimate-your-home/#comment-292686 zestimate is worthless, dose more harm than good. zestimate is worthless, dose more harm than good.

]]> By: ARDELL http://raincityguide.com/2006/02/08/how-well-does-zillow-zestimate-your-home/#comment-105348 ARDELL Fri, 09 Mar 2007 16:27:43 +0000 http://raincityguide.com/2006/02/08/how-well-does-zillow-zestimate-your-home/#comment-105348 Eugene, The more "like kind" properties that sell within 6 months, the more accurate Zillow will be. Same hold for an appraisal's accuracy. Eugene,

The more “like kind” properties that sell within 6 months, the more accurate Zillow will be. Same hold for an appraisal’s accuracy.

]]> By: eugene http://raincityguide.com/2006/02/08/how-well-does-zillow-zestimate-your-home/#comment-105066 eugene Fri, 09 Mar 2007 01:15:34 +0000 http://raincityguide.com/2006/02/08/how-well-does-zillow-zestimate-your-home/#comment-105066 Zillow was right on with my condo...literally within $1K....likely because there's a lot of buy/sell activity within the condo neighborhood...(Chapel Hill, NC) on the other hand, it zestimated about $200K higher than expected at my mother's home in La Habra Heights, CA Zillow was right on with my condo…literally within $1K….likely because there’s a lot of buy/sell activity within the condo neighborhood…(Chapel Hill, NC)
on the other hand, it zestimated about $200K higher than expected at my mother’s home in La Habra Heights, CA

]]> By: Rain City Guide Year In Review | Rain City Guide | A Seattle Real Estate Blog... http://raincityguide.com/2006/02/08/how-well-does-zillow-zestimate-your-home/#comment-51082 Rain City Guide Year In Review | Rain City Guide | A Seattle Real Estate Blog... Wed, 20 Dec 2006 09:26:54 +0000 http://raincityguide.com/2006/02/08/how-well-does-zillow-zestimate-your-home/#comment-51082 [...] February 8: How Well Does Zillow Zestimate Your Home? [...] [...] February 8: How Well Does Zillow Zestimate Your Home? [...]

]]> By: Joan Fell http://raincityguide.com/2006/02/08/how-well-does-zillow-zestimate-your-home/#comment-10640 Joan Fell Thu, 03 Aug 2006 13:53:17 +0000 http://raincityguide.com/2006/02/08/how-well-does-zillow-zestimate-your-home/#comment-10640 We live in Merchantville, NJ a quaint victorian town. We just had a professional appraize our home for $430K . Zillow shows us at $265K. That is a huge undervaluation. I would not trust the Zestimate on any house in any neighborhood on Zillow .com. We live in Merchantville, NJ a quaint victorian town. We just had a professional appraize our home for $430K . Zillow shows us at $265K. That is a huge undervaluation. I would not trust the Zestimate on any house in any neighborhood on Zillow .com.

]]> By: Randolph Larkin http://raincityguide.com/2006/02/08/how-well-does-zillow-zestimate-your-home/#comment-10124 Randolph Larkin Thu, 20 Jul 2006 02:12:07 +0000 http://raincityguide.com/2006/02/08/how-well-does-zillow-zestimate-your-home/#comment-10124 It does a fairly good job. I think you need to look at the range and then get someone else to let you know if it is like brand new inside or needs much updating. I am selling property in Columbia, SC and Charlotte, NC. Even though they say their data bases are not as full as on the west coast they seem to give a very good idea of what your house is worth if you truly have a good idea how a prospective buyer will look at it and not emotionally as a home owner might. It does a fairly good job. I think you need to look at the range and then get someone else to let you know if it is like brand new inside or needs much updating. I am selling property in Columbia, SC and Charlotte, NC. Even though they say their data bases are not as full as on the west coast they seem to give a very good idea of what your house is worth if you truly have a good idea how a prospective buyer will look at it and not emotionally as a home owner might.

]]> By: Billy http://raincityguide.com/2006/02/08/how-well-does-zillow-zestimate-your-home/#comment-2623 Billy Wed, 08 Mar 2006 00:33:00 +0000 http://raincityguide.com/2006/02/08/how-well-does-zillow-zestimate-your-home/#comment-2623 Oddly, my house appears accurately valued ($285K), but contains an error (it's a 2-story and it shows as 1-story). It's essentially the same model and lot size as both my immediated neighbors; they are both accurately valued at $290K, probably because they have 3-car garages and I don't. When I go to "fix" the error, changing the 1 to a 2, the value plummets to under $240K [!], which is simply not accurate. I can tell the tool is bogus when I go the other way and change the 1-story to a "0-story" (so the house no longer exists) and the value skyrockets to $349K! I wouldn't trust this thing with any kind of real confidence.. Oddly, my house appears accurately valued ($285K), but contains an error (it’s a 2-story and it shows as 1-story). It’s essentially the same model and lot size as both my immediated neighbors; they are both accurately valued at $290K, probably because they have 3-car garages and I don’t. When I go to “fix” the error, changing the 1 to a 2, the value plummets to under $240K [!], which is simply not accurate. I can tell the tool is bogus when I go the other way and change the 1-story to a “0-story” (so the house no longer exists) and the value skyrockets to $349K! I wouldn’t trust this thing with any kind of real confidence..

]]> By: Dustin http://raincityguide.com/2006/02/08/how-well-does-zillow-zestimate-your-home/#comment-2599 Dustin Tue, 07 Mar 2006 05:21:27 +0000 http://raincityguide.com/2006/02/08/how-well-does-zillow-zestimate-your-home/#comment-2599 Brenda, You've hit upon the most common complaint I've heard about Zillow: That their Zestimates are simply not accurate for a particular home. Kinda makes you wonder what their follow up product will be... Brenda,

You’ve hit upon the most common complaint I’ve heard about Zillow: That their Zestimates are simply not accurate for a particular home. Kinda makes you wonder what their follow up product will be…

]]> By: Brenda http://raincityguide.com/2006/02/08/how-well-does-zillow-zestimate-your-home/#comment-2597 Brenda Tue, 07 Mar 2006 02:20:49 +0000 http://raincityguide.com/2006/02/08/how-well-does-zillow-zestimate-your-home/#comment-2597 I am trying to sell my house, and I think Zillow ZTINKZ! My house was built in the 40's and has been completely renovated (by us...). Zillow has it undervalued by about 40%. I think Zillow should have some major warnings. The information it uses is purely one dimensional and has no accounting for things buyers pay up for, such as school systems, views, better neighborhoods, etc. The comps it was using for my house were in very different neighborhoods, bringing the Zestimate down. I think without the proper caveats, it is doing a major disservice to sellers and buyers alike (who don't know neighborhood differences, etc.) I am trying to sell my house, and I think Zillow ZTINKZ! My house was built in the 40’s and has been completely renovated (by us…). Zillow has it undervalued by about 40%. I think Zillow should have some major warnings. The information it uses is purely one dimensional and has no accounting for things buyers pay up for, such as school systems, views, better neighborhoods, etc. The comps it was using for my house were in very different neighborhoods, bringing the Zestimate down. I think without the proper caveats, it is doing a major disservice to sellers and buyers alike (who don’t know neighborhood differences, etc.)

]]> By: Pam http://raincityguide.com/2006/02/08/how-well-does-zillow-zestimate-your-home/#comment-2237 Pam Thu, 23 Feb 2006 23:21:22 +0000 http://raincityguide.com/2006/02/08/how-well-does-zillow-zestimate-your-home/#comment-2237 The house details Zillow had were off and it wouldn't let me correct it. They show my house as a 1 story when it's a 1 1/2 bungelow. The value was about 25K below what I paid for it a year ago which was unnerving since the housing values in my city are jumping. The house details Zillow had were off and it wouldn’t let me correct it. They show my house as a 1 story when it’s a 1 1/2 bungelow. The value was about 25K below what I paid for it a year ago which was unnerving since the housing values in my city are jumping.

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