Ever wonder where Zillow gets its information? It’s pretty simple Public Records and Zillow’s own Algorithm that they have plugged in to come up with a hypothetical value for your home.
So hypothetically and not taking into consideration the home improvements you have done or the fact that the neighbor did home improvements and you ripped your kitchen out and didn’t return it – There is your value.
Now don’t get me wrong I am not a Zillow hater. In fact, I am a Premier Agent with Zillow. I pay them for my listings to be listed as mine and for the property requests that are done on those listings to actually come back to me. The listing agent. I love the fact that so many people do use Zillow.
That’s a good question. I have a few ideas but none of them are probably suitable to put in print.
See that is one of the beauties of Idaho. You go down to the county to file for your home exemption. The first words will be what did you pay for the property? Your answer is:
Now is it ever in your favor to disclose? There are times: For example when the market was bad. You bet if your new property is getting taxed as being worth $200k and you just paid $150k then you bet you march on in there with your contract and closing statement and you disclose what you paid for it. But if that is reversed you take the Idaho answer! I choose not to disclose! And don’t feel bad about taking that choice. They expect it! And it is your right! And even then it still is not disclosed to Zillow.
Get an actual value! Contact me I am happy to disclose to you from the MLS (that I cannot put public links to closed properties on) sold homes in an area that you would like. Be it a home you are considering selling or a home you are considering purchasing. You want to rely on someone with a real tool bag. For Idaho, it truly is Not Zillow!