Why is my Zestimate lower then my asking price?

Several clients have recently asked me about their home’s Zestimate. Just yesterday I received an email, from a very excited client, who informed me his Zestimate increased a few thousand dollars. Did the Zillow Fairy stop by his home last night to update the home valuation while he was sleeping? I hope not, the Zillow Fairy sounds a little scary.

If you scroll down to the bottom of Zillow’s homepage, you’ll find the “About Zestimates” tab, which is really a well written disclaimer. I don’t have the statistics on the percentage of site visitors who read this information, but I presumed it’s a very low one.

What is a Zestimate and how does it compare to an MLS Listing?

 

Zillow and Yahoo recently formed a partnership, which now ranks them as #1 & #2 Real Estate Search Engines, so they do deserve REALTORS attention. Zillow pulls data from many different sources, which often creates incomplete representations of a property’s value. If you are concerned about your property’s Zestimate, then login and fill-in the gaps. The Zillow Fairy will appreciate your help!

5 Comments on “Why is my Zestimate lower then my asking price?”

  1. My brother suggested I would possibly like this blog. He was once entirely correct. This submit really created my day. You cant believe just how so a lot time I had spent for this info! Thank you! 267680

  2. Thank you a good deal for sharing this with all men and women you in fact recognize what you are speaking about! Bookmarked. Please furthermore speak more than with my internet internet site =). We could have a hyperlink alternate arrangement among us! 943553

  3. It is difficult to get knowledgeable men and women with this subject, but the truth is could be seen as do you know what you are referring to! Thanks 36207

Leave a Reply

%d bloggers like this: