Zillow is useless, their numbers are rarely accurate. Our house was values at more than 25% than what we sold it for, which was about 5% over the appraisal and right in line with comps in the area that had sold within 3-4 months. Interestingly, as soon as we listed the house, the Zillow value plummeted by 30%. Within a few weeks it was back where it had been.
I’m not sure what they use for their data or how their algorithms are “tuned”, but they’re way off a lot of the time. A couple of realtors we know say much the same about them, too. -D > On Sep 10, 2020, at 4:09 PM, Curt Raymond via Mercedes > <mercedes@okiebenz.com> wrote: > > Hmm, I was just wondering about our little spot. We refinanced a couple > months ago with declared value $160k which is $-20k vs what we paid for the > place. That value came from the high range on Zillow. > Just checked Zillow and it says $170k "+$5000 over the last 30 days". I guess > the market is heating up here too. Only one foreclosure house left in the > neighborhood, vacant lot around the corner has been cleaned up, they're > putting topsoil in for a huge lawn, I guess the folks next door bought the > lot. > Still hate the people across the street, its good to know we're gaining and > could get out. Its coming to a head, something is going to happen with that > crowd, I think the kids (in their 30s and 40s) are working really hard at > pissing off their parents enough to get thrown out. > > -Curt > > On Wednesday, September 9, 2020, 12:07:07 PM EDT, Jim Cathey via Mercedes > <mercedes@okiebenz.com> wrote: > > I don't know about there, but real estate here is hot right now. Everything > seems to > be selling easily, at good prices. Selling when hot, rather than not, is > going to > be a lot easier on you. > > -- Jim > > > _______________________________________ > http://www.okiebenz.com > > To search list archives http://www.okiebenz.com/archive/ > > To Unsubscribe or change delivery options go to: > http://mail.okiebenz.com/mailman/listinfo/mercedes_okiebenz.com > > > _______________________________________ > http://www.okiebenz.com > > To search list archives http://www.okiebenz.com/archive/ > > To Unsubscribe or change delivery options go to: > http://mail.okiebenz.com/mailman/listinfo/mercedes_okiebenz.com > _______________________________________ http://www.okiebenz.com To search list archives http://www.okiebenz.com/archive/ To Unsubscribe or change delivery options go to: http://mail.okiebenz.com/mailman/listinfo/mercedes_okiebenz.com
