Call me a cynic, but I suspect that Zillow estimates are high because they want to encourage people to sell their houses to get their hands on that supposed equity. In my past dealings with realtors, they always told me my house was worth more than it eventually sold for. They made silly comments like “I can get you TOP DOLLAR!”
I guess I’m just a suspicious person and I tend to question people’s motives. For instance, how does Zillow benefit from their service? They certainly don’t do it out of the kindness of their hearts.
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