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calbear4

Does Zillow record FSBO sales?

8 years ago

I recently closed on a home that was FSBO (horrible experience, but we were desperate as there was no inventory - of course right after escrow, ton of inventory came out and prices went down 10%...). Since the sale wasn't through MLS (no agents involved as seller didn't want to pay any commissions), I had to wait until the county assessor recorded the sale for it to be reflected online.


Redfin and Realtor recorded the sale a week ago, but Zillow and Trulia still do not have the sale recorded. Looking at the last house I bought, Zillow has a singld record from MLS, while Redfin has both a record for MLS and from the County.


Will my sale ever be recorded on Zillow? While I get that Zestimates are somewhat unimportant, many people do pay attention to them. The price I ended up paying was over $100K over the Zestimate, which I think will help increase the Zestimate a bit if the sale is recorded. Based off Zillow's website, they say they update from Public Records, but it doesn't make sense to me why Redfin and Realtor would have already updated while Zillow is so slow. As Zillow never updated the sale of my prior home from Public Records, it makes me doubt that it will ever be recorded. Does anyone know if FSBO sales with no agents involved are still recorded in Zillow?

Comments (19)

  • 8 years ago

    Is there a reason why this is important to you right now?

  • 8 years ago

    I suppose it shouldn't matter, but as someone who has heavy buyer's remorse, I am hoping that the sale of my house will increase the Zestimate, which I feel like many buyer's do pay attention to. While I don't plan to sell soon, I'm trying to find out if the sale will EVER be recorded as I'm sure it will impact my Zestimate in the future.

    As I'm also planning on renovating the house to the tune of $250K, and hoping not to see my total investment in the house as $400K more than the Zestimate.

  • 8 years ago
    last modified: 8 years ago

    D C- With all due respect, you give far too much credit to Zillow. Recording happens at your County Appraisal District. EDIT: Perhaps different in different areas. Zillow is little more than an aggregator. While people do look at Zillow, who it comes time to buy, they look to a Realtor to give them the best advice.

    When and if you sell your house, true comps- sold, not "for sale", not owner estimates on the Internet- will set your value. If inventory is still slim, then you may be fortunate enough to push the sales price.

    For now? If I were you, I'd be more concerned about the improvements you're planning vs the market value. Zillow can't do this for you. Only talking with market specialists can help.

  • 8 years ago

    Good advice from Laurie Schrader. Zillow doesn't matter two bits. Their valuations are far too simplistic and have huge data gaps. Now someone will say I paid within a few thousand dollars of the Zillow Zestimate. Great, but it's coincidental.

    As a retired real property appraiser, a FSBO will NEVER be considered in a valuation study. It will not be considered as an arms-length transaction. It doesn't meet the criteria.

    DC, You have buyer's remorse. That's very common. We have been there, too. It's natural to question such a big decision. I don't know if you are a flipper or a long-term owner. I doubt you are a flipper, because flipper's know the market and price accordingly. If you are a long-term owner, take the time to consult with two or three experienced realtors to determine what improvements are most cost effective. This way you will know where to best use your money when you make improvements.


  • 8 years ago

    Noo. You don't want that recorded. Keep your business to yourself. I prefer buying off MLS. No one needs to know what I am paying.

  • 8 years ago

    Living a non-disclosure state is great!

  • 8 years ago

    Thanks for the input, all. Based on mihelene's comment, it sounds like it will be recorded, though I suppose different counties could be different.

    I know Zestimates are far from accurate, but at least in my neighborhood, purchase prices are pretty close to the Zestimate. I do intend to live in my house long-term and the renovations I am planning on doing are to not necessarily for ROI, but more to give my wife her dream kitchen and make it livable (home is an extreme fixer). That said, as this was such a huge investment for us, it would be nice not to be so far in the hole right after sale (even ignoring Zestimates, I don't think we could realistically sell our house for what we bought it for). I get that a higher Zestimate doesn't really do anything, but it would slightly help my sanity if it was higher :)

  • 8 years ago

    You make money on real estate when you buy it, not when you sell it.

  • 8 years ago

    Smart buyers and sellers know that the value of a Zillow estimate is what you pay for it: NOTHING. If it so worries you, you can claim the house as the owner and put in the sale yourself.

  • 8 years ago

    Zillow is the most inaccurate source of info and I wouldn't care at all what they have. Currently my house has 10K+ square feet according to Zillow and that is nowhere near the true sq ft. But hey if that is what they put then it will be very obvious to any person they are very inaccurate if they saw my house.

  • 8 years ago

    Where in the US are you located that sales prices dropped 10% recently? How do you know this?

  • 8 years ago

    My guess is the OP may be Canadian. I have heard that some of their markets are in a correction.

  • 8 years ago

    This is in the Seattle area. I know housing has gone down in the areas I was looking based on sold prices. Also when I was looking, even dilapidated homes were going after first open house weekend, whereas decent homes are now sitting on the market past a week.


    Hopefully its all an abberation and not a sign I bought on the peak as I cant afford sich a big loss. Talking with a real estate agent, I was told overseas buying has decreased recently for whatever reason. I was already super annoyed during the buying process that foreign investors were driving prices so high, but figured I could at least benefit from it after buying in...

  • 8 years ago

    You would only have a loss if you sold for less than you paid for it. Having already purchased it there is nothing you can do about it's market value showing on a list of other houses of similar type other than make improvements to raise the evaluation. You are worrying about appearances. Those Zillow and other valuations go up and down all the time they are not REAL valuations.

    Think of all those people who abandoned their homes in places like California only because they were underwater and not because they could not afford the house payment. Most are selling for way more than what the property was worth then. Of course if there is a correction only you can decide to take a loss or ride it out to see if there is an upturn.

  • 8 years ago

    I would never assume that current market conditions would be the same as future market conditions 5, 10 or 20 years from now. We've seen drastic market corrections for good reasons and bad reasons, none of which are 100% predictable.

    Zillow is wrong on my house size and probably about $1+ mill off in value ... I haven't looked lately. Realtors and Appraisers do not use Zillow to value property!

  • 8 years ago

    Yes, is what it is. A house in the same neighborhood as mine and slightly smaller just sold for 20% less than mine, and another house on the same block at the same size and condition has been sitting on the market at 10% less than I paid. I get the market is volatile, but it annoys me that theoretically, I'm already so far under after owning my home for less than a month! I put a healthy chunk down, so I'll never be underwater on my loan.


    So many in my area have made hundreds of thousands (on paper) in housing appreciation in just the last 2-3 years, so it's discouraging that once I buy, the market corrects. I waited last year for a correction, and prices just kept going up...I'm not saying I bought the peak, but I guess someone has to - hope it ends up not being me...

  • 8 years ago

    Why are you worrying about it? Only reason to worry about the supposed price is if you plan on selling immediately. Those prices you see in places like Zillow are just estimates not real prices. The only effect prices of the other houses could have on you right now is if this or next is your reassessment year. How do you know how much those houses sold for or really care. You can not change what you paid for your house so worry more about things that you can do something about.

  • 8 years ago

    At least in my area, I've noted that many, if not most home sales are never recorded on Zillow. Zillow just is not very good at farming that sort of data. You are much better off looking at sites that draw directly from the MLS. Unfortunately that's to one's disadvantage when you go to sell a house, because often your best comps don't even show up in Zillow, and potential buyers could think you are overpriced because they aren't seeing the similarly priced houses that sold. If that is the case, the onus is then on your realtor (and the buyer's realtor) to make certain that all of the interested buyers know what the actual comps and sales are like in an area.

    But as others have said, since you've closed on your house, there is no reason to worry about what Zillow is saying. Save that for when you next get ready to buy and sell.