Help! Just broken my house on zoopla :-(

Really2

iamana1ias wrote: »

Trouble is, the house opposite is up for sale. If people look at values they'll think that house is worth less because mine (biggest house in the street) is down for less than theirs

I don't think anyone takes zoopla seriously. A house which sold at peak for £340K is down worth more than mine simply because they paid more for it?

It ignores the fact the houses are identical and I paid £90K less.

Really2

nearlynew wrote: »

I just added a tennis court and a heli-pad to mine and the price still went down.


Oh well never mind.

That will be "Round My Way" prices, things like that make a house cheaper .

vivatifosi

SingleSue wrote: »

Does anyone actually take any serious notice of Zoopla though....at best it gives a very very rough guidance, at worse, it is completely and utterly wrong and bears no relation to reality.

Really2 wrote: »

I don't think anyone takes zoopla seriously. A house which sold at peak for £340K is down worth more than mine simply because they paid more for it?

It ignores the fact the houses are identical and I paid £90K less.

Same with my house. It is only one of a pair of semis, other houses are same model but EOT, but because I paid less for mine because it needed doing up, its still saying it is worth less, even though its on a bigger plot, etc. I've tried updating my profile with upgrades we've added, but most of those listed are ridiculous and don't include the sort of things real people do - such as redecorating throughout or installing a new downstairs loo.

One of my neighbours houses, on a smaller plot, has recently sold for more than it is saying mine is worth by quite a margin. Once I've got proof on this I'll email zoopla and tell them they are wrong and list proof, but it is nonetheless galling that they are so wrong.

My conclusion is that if they can't get it right where houses are relatively new and of the same floorplan (albeit with different frontages) as where I live, they haven't got a hope where the houses are all totally different.

davilown

iamana1ias wrote: »

Trouble is, the house opposite is up for sale. If people look at values they'll think that house is worth less because mine (biggest house in the street) is down for less than theirs

Maybe reality will set in then

PasturesNew

iamana1ias wrote: »

Help! Was just being nosy and checking the estimated value of my house on zoopla. Was quite happy with the estimate, but thought if I provinded more details it would help set the value. Instead it's brought the value down, so now it looks like my house (large 4 bed detached) is worth less than the 3 bed semi next door

I've changed all the details back, but it hasn't changed the price estimate

How do I correct this mess?

Just quoted this in case it disappears.

roflmfao



Sorry ... but it IS funny really ... isn't it.

PasturesNew

vivatifosi wrote: »

Once I've got proof on this I'll email zoopla and tell them they are wrong and list proof, but it is nonetheless galling that they are so wrong.

Zoopla will stick that on the wall with the others and throw darts at it.

Zoopla doesn't make judgements/amendments, it is literally an automated algorithm that looks up the last price sold, applies the monthly price changes to it up/down, then spits out a number. Beyond that it has a lookup table for differences made by X, Y, Z happening.

It's just a machine, crunching public numbers.

It's not a soft, comfortable office full of caring people who work religiously to ensure the quality of zoopla's data .... who will respond to letters (even if you write them in your best handwriting).

PasturesNew

iamana1ias wrote: »

Trouble is, the house opposite is up for sale. If people look at values they'll think that house is worth less because mine (biggest house in the street) is down for less than theirs

No they won't. If they're in there (unless it's you), they'll treat it as a bit of fun, take on board where the data comes from, then compare your actual house/price/benefits against the other choices.... then come to an adult, informed decision .... or go with the one that the wife thinks has the nicest kitchen.

vivatifosi

PasturesNew wrote: »

Zoopla will stick that on the wall with the others and throw darts at it.

Zoopla doesn't make judgements/amendments, it is literally an automated algorithm that looks up the last price sold, applies the monthly price changes to it up/down, then spits out a number. Beyond that it has a lookup table for differences made by X, Y, Z happening.

It's just a machine, crunching public numbers.

It's not a soft, comfortable office full of caring people who work religiously to ensure the quality of zoopla's data .... who will respond to letters (even if you write them in your best handwriting).

I get that its an algorhythm, but if they don't both to update, then why have a link to do it?

I do wonder what would happen if someone was able to prove that their house was undervalued and it had affected a sale. Would make an interesting small court claim.

PasturesNew

vivatifosi wrote: »

I get that its an algorhythm, but if they don't both to update, then why have a link to do it?

I do wonder what would happen if someone was able to prove that their house was undervalued and it had affected a sale. Would make an interesting small court claim.

But it's just a guesstimate, a handy auto-calculator - and doesn't claim to be anything more.

Do people sue EA's because next door sold for £5k more a month later, even though it hadn't got parking and the kitchen was older? No.

vivatifosi

PasturesNew wrote: »

Do people sue EA's because next door sold for £5k more a month later, even though it hadn't got parking and the kitchen was older? No.

I've sued a surveyor successfully for misrepresenting the condition of a property (and hence the value) and would do so again. If I thought I had a case against Zoopla I might consider giving it a shot. Only £80 or so and would be an interesting exercise. Not that I'll be selling my house anytime soon, so won't happen. But thinking about it appeals to my mischevious streak.