Accuracy of Zoopla Valutions?

Sweetcaz_2

Does anyone know how often the sold for prices are updated on Zoopla?

Running_Horse

You offer 33% less than the asking price in an improving market and expect to be taken seriously? From what you say the house is not what you are looking for anyway. Just as well, as if I was the sellers I wouldn't even listen to any future offers you made. What a wally.

morg_monster

Wasn't there someone on here a few weeks ago where the house they were buying had been valued by the lender just by looking at zoopla?!

Milliewilly

I updated my details on there last year as Zoopla just calculates on last sale price - my house was a complete renovation project. I checked back on there last week and all my details have been removed and the house is calculated as less that I paid as a renovation project again!

Before anyone chirps up about prices have dropped - I know they have but not as much as Zoopla is showing!

ess0two

Running_Horse wrote: »

You offer 33% less than the asking price in an improving market and expect to be taken seriously? From what you say the house is not what you are looking for anyway. Just as well, as if I was the sellers I wouldn't even listen to any future offers you made. What a wally.

Dont forget it needed a lick of paint and a good clean:rolleyes:

Milliewilly

Running_Horse wrote: »

You offer 33% less than the asking price in an improving market and expect to be taken seriously? From what you say the house is not what you are looking for anyway. Just as well, as if I was the sellers I wouldn't even listen to any future offers you made. What a wally.

This is the tact my OH takes as he's convinced property is to drop another 20% next year once the Quantitave Easing dries up and redundancies start. Needles to say every offer he's made has been rejected.

Jowo_2

Houses in my short street are rarely up for sale. The last one sold for £390 last year at the height of the boom. The previous one sold for £290 two years before.

My property is valued at the following sites with more than 10% difference.

Zoopla - £303k
Mouseprice - £336k

Milliewilly

Mines currently up for sale at £265K - did sell at £249K but fell through. Mouseprice values it at £188K!

noo66

I researched a property using Zoopla, amongst other sites, when deciding to make an offer on a 3-bed property. The valuation from Zoopla came in at £179,000 but the house was priced at £225,000. Because I'd been looking for a while, so had a reasonable knowledge of local market, and had jsut pulled out of another property (2-bed) which Zoopla had valued at £175,000 but mortgage valuation came in at agreed offer price of £190,000, I made my own mind up.
Final offer accepted was £213,000 on 3-bed, again agreed by morgage valuation (to great sighs of relief). Quite a lot over Zoopla valuation.

Obviously, can't say that would be the case with all properties. Just my recent experience.

olias

Zoopla values my neighbours house at £215K and mine at £180K. They are identical adjacent new build semis built only 2 years ago, but mine has a larger garden! So no, it is not accurate:mad:

Olias