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Posted on 8/8/17 at 10:44 am to TDFreak
quote:
But I don't want a Zillow estimate to trick me into a reappraisal and find out I'm still $15,000 away!
I'm in the same boat. Values are all over the place here due to the 2016 flood. I think I'll wait until that settles down.
Posted on 8/8/17 at 10:44 am to TDFreak
Just checked and my zillow is 3% lower than an appraisal done 2 months ago
Posted on 8/8/17 at 10:44 am to TDFreak
We had 3 appraisals done last month. 1 was $5k over the Zillow estimate, and the other 2 were $15k under the estimate.
Posted on 8/8/17 at 10:48 am to TDFreak
quote:
Asking the OT if y'all have had any experience with the Zillow calculated home price estimate versus a formal home appraisal. Does Zillow usually overestimate or underestimate what your actual appraisal told you?
It's all over the board. I look at my current house every month or two just to see and it's nothing for it to jump up 15% and then down 20% and then up again 30% month to month. The housing prices in my areas have been moving up quickly and Zillow is really struggling to calibrate. Of course my area is a big mix of old 2/3 BR houses that are being sold as tear downs just for the lot and then huge 6 BR new homes so the price/sq ft is all over the place right now. In a neighborhood like that Zillow estimates are useless.
Posted on 8/8/17 at 10:50 am to TDFreak
Zillow is offering a million dollars to anyone who can make their Zestimate tool more accurate. My opinion is if it were any good, they would not offer someone a million dollars to improve it.
Posted on 8/8/17 at 10:55 am to TDFreak
Isn't there some kind of suit against them for the major discrepancies in their Zestimate? I thought I had seen a realtor I know post an article. Maybe it was just a controversial topic.
Posted on 8/8/17 at 10:59 am to TDFreak
My Zestimate is $643,176. Thats about $170,000 higher than the 2 appraisals that I've had done in the past 6 months.
Posted on 8/8/17 at 11:05 am to TheWiz
Posted on 8/8/17 at 11:07 am to TDFreak
Zillow estimate is higher than actual estimate done. By about 10-20k.
Posted on 8/8/17 at 11:10 am to TDFreak
I once had a client selling a home that Zillow estimated at $229,000.
We sold it for $545,000.
We sold it for $545,000.
Posted on 8/8/17 at 11:15 am to TDFreak
About the same.
Posted on 8/8/17 at 11:19 am to TDFreak
It's way off in my neighborhood, all 20% under or more
Posted on 8/8/17 at 12:14 pm to CoachDon
quote:
a fricking realtor
Where can I find one of those and what's the set up like?
Do they meet you at random houses for sale and drill you in different rooms?
Is the commission any higher? Do you have to pay the commission upfront?
Details man!
Sounds like a great business plan, we'll f*ck you on the front end and back end of a real estate transaction!
Posted on 8/8/17 at 2:50 pm to TDFreak
Zillow gave 50k lower than my appraisal and final sale price on recent sale in June.
Posted on 8/8/17 at 2:54 pm to TDFreak
in BR you get an additional 20k if your home did not flood last year because that proves your home will never ever flood
Posted on 8/8/17 at 3:08 pm to monceaux
quote:
I once had a client selling a home that Zillow estimated at $229,000.
We sold it for $545,000.
Yeah. It looks pretty low for my house. We purchased it 13 years ago so the information Zillow has on the house is old. A neighbor sold a house 1400 sq ft smaller and on a half acre instead of an acre for $800k and that's about what Zillow is putting my house at. Yeah...no.
Posted on 8/8/17 at 3:55 pm to TDFreak
Zillow is way low on my home value. Not many homes in my subdivision go on the market, maybe that's why. It's as if it doesn't actually know the square footage of my home.
Posted on 8/8/17 at 4:29 pm to TDFreak
They average everything in an area and don't desperate subdivisions, so if you live in a neighborhood that is nicer than the one next to it it will be low, or visa versa
Posted on 8/9/17 at 12:15 pm to TDFreak
Zillow is very inconsistent in my opinion. While they were in the ballpark of some houses we were looking at, they were nearly $50k low on the house we sold for $170k 3 years ago.
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