Complaint Review: zillow
zillow Incorrect Zestimates is affecting my House value Seattle, WA 98101 Internet
*Author of original report: Homeowners - opt out of unwanted "Zestimates"
*Author of original report: Zillow devalued my home again, Peoria AZ in 2 days
*Consumer Comment: Time Zillow was regulated to Protect Homeowners from Inaccurate Zestimateshttp://www.city-data.com/forum/real-estate/2457302-how-embarrassing-zillow-ceo-he-struggling-2.html
*Consumer Comment: Zestimates are not accurate
We live in Peoria AZ 85381 and are trying to sell our home.
I wrote Zillow to ask how they estimated our home is be lower than our neighbors' home next door that sold for $318K in October 2014, when we have more upgrades (Cherry cabinets, a larger kitchen, hardwood flooring & a larger floor plan). His lame excuse was they have no control over how the zestimates is determined. If that is the case, why are they even giving “Zestimates” on their websites.
They are comparing our home with other properties that is not in our division/ community and much older built 20-30yrs older) and therefore our home is devalued.
Even though our Realtor says that any realtor who is experience in the industry will not refer to Zillow as their information is not accurate, one called me yesterday morning stating they found our property for sale on Zillow. Also, Consumers and banks do review and compare pricing with their Zestimates when considering making an offer or giving out loans. So don’t tell me Zillow has no control over the matter.
A class action should be formed against Zillow as they are reporting incorrect information such as property tax, HOA fee, estimating values of home where they have no business doing so. This hurts homeowners financially when trying to sell.
Another house down the street (5mins walk from us) in our community with same floor plan and sq. foot sold at $345K July 10th, 2015 , therefore we priced our house for sale at $345K (apart from Trulia’s estimate too) but Zillow says they estimate our home value to be $318K. (same as our neighbors' home next door that sold 2 yrs ago -Oct 2014 with no upgrades) Seriously?
We can't sell our house because of their “Zestimate”. Zillow obviously is ignorant to the fact that we’re not in a recession and AZ housing has improved a lot in the past 3 years. Why are they devaluing our home and getting away with it and not getting their facts straight.
1. JAN 5TH 2016, Zestimate® was : $329,677 ( I saved the email)
2. March 8th 2016 Zestimate is $318,077
3. We think it should be $345K ( $125/ sf) . Other homes in the valley have been selling in that price per square foot. Some are even selling at $136/ sf)
We have not had a sale in our neighborhood for past 8 months, therefore Zillow is doing comparables with properties outside our vicinity which is a much older neighborhood built in 80’s and 90’s. Our home was built in 2004.
Zillow needs remove "ZESTIMATES from their websites" and to be held accountable for their inaccurate calculation and leave estimates of Real Estate values to the experts based on appraisals and comps. We shouldn't be losing so much value because Zillow is playing the role of an appraiser when they are not licensed to be one; not doing their homework and their Software algorithm is producing incorrect info.
Feb 17, 2015 –Zillow bought out Trulia and now we’re really screwed because Trulia’s previous estimate on our property was $345K. Trulia’s website is no longer up to show proof.
I wish a class action is put in motion to make Zillow accountable for their actions. Everyone who is reading this, please join forces and take action. Let’s speak up in one voice! Thanks!
This report was posted on Ripoff Report on 03/08/2016 05:57 AM and is a permanent record located here: http://www.ripoffreport.com/reports/zillow/internet/zillow-incorrect-zestimates-is-affecting-my-house-value-seattle-wa-98101-internet-1292306. The posting time indicated is Arizona local time. Arizona does not observe daylight savings so the post time may be Mountain or Pacific depending on the time of year. Ripoff Report has an exclusive license to this report. It may not be copied without the written permission of Ripoff Report. READ: Foreign websites steal our content
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