Quote:
Originally Posted by petsetc
From very recent, personal experience (on going) I can say that if the house has not had a recent sale, or has undergone any extensive renovation, the Zillow estimate is not accurate since it seems to be based on last sale and tax assessment. In my case, once listed and the info on Zillow it came up about 50%. While on the market, it changes as a function of time/price adjustments and immediately adjusted when "under contract". When the contract fell through (buyer financing), the Zillow estimate adjusted downward, even though the VA appraisal was high. I also followed the Refin estimate and have the same impression. FWIW
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That explains the low value on my home. Thanks! The home across the street that has a value of $100,000 more than mine, has no pool and is not golf front, just sold last year, so the estimate has been updated.
I have owned my home for 10 years and have been homesteaded in Florida since 1992, when the law went into effect. I have been able to carry that tax benefit with me.