Zillow data and Zestimates in Indianapolis.

[Pam Brown]

I've been a RE Broker in Indianapolis for a long time. 

More than anything, I would like to warn newer investors not to rely on all of the Zillow data or property values when running your numbers. Some things will be correct and others not so much.

I just looked up 2 properties for a client that he emailed me the Zillow links.  One of the properties was listed on Zillow to have 1872 sf and it only has 936 sf.  And the other Zillow listing has 1728 sf and it truly has only 864 sf.  Neither had a finished basement which is customary here not to be finished.  So it really throws off the valuation to have double the sf listed on Zillow.  BTW the county assessed values are way off here too!  

Just make sure that when you look up a property online that it doesn't combine the basement sf.  I can send you a couple of listings so you can see what I mean.

Have you found this to be the case in other markets too?

Just another reason to lean on us professionals to help you navigate the market.  I work along side a pm team that also helps out owners with their questions if they are going to Hold a property rather than Flip...