<p>
</p>
<p>Stop that, jym!! I sold my mom’s house in the same general time frame, and at times I feel the same. But like me, you know in your heart of hearts that not having an offer until now would have driven both of us crazy. Not to mention the taxes, the insurance, the upkeep, the heating, etc etc. It would not have been worth the additional couple of thousand in sales price. You know it wouldn’t. Right? Please tell me I’m right . . . . .</p>
<p>Hayden, you are exactly right!!!</p>
<p>Whew, thanks, VH ! </p>
<p>Everyone talks about buyer’s remorse, but people who have sold their homes can testify that seller’s remorse is alive and well.</p>
<p>Once you sell it, you have to close the book and move on.</p>
<p>Remind me of that once I’ve finally sold my house. :rolleyes:</p>
<p>There’s a THIRD type of remorse… not making or not accepting an OFFER.</p>
<p>^^^Good point.</p>
<p>You do realize that Zillow is pretty much a complete work of fiction right?</p>
<p>“Why is selling to the church so important? Can’t your realtor market it to the general public?”</p>
<p>First, because H’s parents were one of the founding families, and the church using it would have made his folks happy, and second, because we’d delayed signing a listing agreement and were giving the church a break on a chunk of what we would have paid in commission. The tricky part is (was) that there were things we needed to do if we were putting the house up on the market, but the church wants the property as-is so they can proceed with their own plans to make it ADA accessible. Still, not by any means a done deal yet.</p>
<p>
</p>
<p>Yes, their “estimate value” is, but “the price sold” is from the public record and it should be accurate.</p>
<p>How does Zillow get its information? How do they make their estimates??</p>
<p>Here’s the zestimate information:</p>
<p>[Upgrading</a> the Zestimate | Zillow Real Estate Research](<a href=“http://www.zillow.com/blog/research/2011/06/14/upgrading-the-zestimate/]Upgrading”>http://www.zillow.com/blog/research/2011/06/14/upgrading-the-zestimate/)</p>
<p>They seem to get information from CoreLogic and county records, plus some proprietary data feeds.</p>
<p>So they look at actual sales and extrapolate to other houses.</p>
<p>Zillow is completely off on the estimates in my area…
Our house is valued by Zillow as down 85% in the last year and we live in one of the hotter markets!
Our zestimate implies a price per sq ft that is below 1/3 of the average of houses sold in my neighborhood in the last year.
It is so crazy, I cannot fathom what is wrong. The zestimates for the area are all over the place, but I think ours is the worst.
I see absolutely no correlations with comp sales.</p>
<p>
</p>
<p>That is a bad word, if you let computer do it. I just notice a house in my “area” listed for $399K and sold for $1. Not sure if it is an error or intentional, either way is should not be there in the stats. But Zillow took it and worked up all the surrounding houses, so the “Zstimate” looks funny. As I reported before, they took the STARTING bid of an auction on the house I bought and report a sale of $88K… Those are the fiction part of their reporting.</p>
<p>Zillow works pretty well in areas where the homes are fairly similar, with fairly similar geography, and where there are a lot of sales.</p>
<p>Zillow has never worked very well in neighborhoods like mine that are extremely eclectic and where houses on one side of the street are tremendously more valuable than houses on the other side of the street.</p>
<p>jym, the houses with bidding wars are all in mint condition. (Though the buyers still want to remodel or add on, which is why I’ve been called in.)</p>
<p>^^ Bidding wars are always there when the property is below the market.</p>
<p>At auctions, you will see a property worth 500k and start bid is around 100k. So, ppl will bid it up sight unseen…</p>
<p>Well, we hired a new employee, moving from Pennsylvania. After four days of house-hunting, he and his wife bought a house yesterday–and there were three other bids by the end of the day. So I’d vote for “market is recovering.”</p>
<p>Can we have that happen to my house, when it goes on the market next Thursday? Please??</p>
<p>3 days to go …VeryHappy?</p>