Zillow – the home valuation website – emails me regularly to tell me about the values of homes I “claimed” either as a listing agent, or as the owner. Month after month, I receive cheery emails about how my home has lost some more value.
Check it out!
This month, the system has decided that my house has rebounded a bit.
This is a bit weird, too, since one of my neighbors’ sales just closed. And the sale price wasn’t pretty.
I think if you read the fine print on the Zillow website, however, they only use properties that are currently for sale in their calculations.
** Correction – Drew from Zillow writes in comments below:
we calculate zestimates on 65 million homes across the country and definitely don’t only use properties currently for sale in those calculations.
I have to thank one of my neighbors for listing for $899,999 – I think.