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May 13, 2008 -- Zillow.com offers home values, quality of life assessment

Have you heard of Zillow.com? This is a website that homeowners use when they voyeuristically want to know about their home's value. The site also pinpoints info about schools, safety and other quality of life issues in an area where you might be thinking about moving.

If you live in an architecturally unique neighborhood, you may find that Zillow won't give you an accurate home value. For example, Christa lives in a 40-year old house in a neighborhood where every house is individual. So a home with 8K square feet could be worth millions, while a 2 bedroom/1 bath pre-WWII bungalow may be valued for several thousand dollars.

But Zillow is still a good tool to assess the schools in a potential neighborhood. Homebuyers who don't have children should still be concerned with good schools. Why? They'll be likely to get more per square foot when they go to resell.


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What others are saying

  • Zillow.com
    Clark, Zillow has pretty much killed the market in my area of Northern Ca. I listed my home forsale in Sept of 2007. At the time comparable homes were selling in the high 500's to low 600's. They had my home valued at 598k. I claimed the home. The very next day they dropped my value by over 150k. Now it's dropped from 598k to something between 373-443. We have buyers showing up with zillow quotes in hand. It's a total mess. We've pulled our house off the Market and we are considering a class action against Zillow. Do you have any thoughts about them?
  • Schools on Zillow
    Could not find any info on schools. Where is this info
  • Home Value
    would like to know value of home
  • Value of home
    Need to get an idea of what our home might be worth currently
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