I am trying to sell my home and it seems that a lot of the houses that are listed in my subdivision (which is a new development) are much more than the Zillow.com estimate? Does anyone know how zillow comes up with these numbers??????
2006-07-17 11:03:02 · 4 answers · asked by Rolly 2 in Business & Finance ➔ Renting & Real Estate
Zillow, and similar websites get their info from various sources. Some of them use the last loan on the property, some use tax assessments. None will give you an accurate market value.
2006-07-17 12:24:29 · answer #1 · answered by Sharingan 6 · 0⤊ 0⤋
Zillow is way off and basically a waste of time (except for those homeowners who want to boost their ego with some of the over-ratings by Zillow)! There is a home across the street from me that sold for $245k last year and is listed by Zillow as having a value of $314k this year. It is on the market again and they will be lucky to get $225k to $230k in this market. Everyone is better off asking a local realtor for a free market analysis.
2006-07-20 03:42:40 · answer #2 · answered by Roger P 1 · 0⤊ 0⤋
They are not accurate. My home on Zillow is $75,000 higher than it is really worth. Don't cheap out. Buy an appraisal. Good luck.
2006-07-17 12:12:36 · answer #3 · answered by maceracer 1 · 0⤊ 0⤋
They are taken off your tax file. It gets entered from your valuation figure.
2006-07-17 11:09:15 · answer #4 · answered by MARY S 1 · 0⤊ 0⤋