Quote:
Originally Posted by starflyte1
Do you think the Zillow home estimate is even close to the value of your home?
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My experience in selling our previous home. We had a long term plan so I did my own study. A broker will tell you zillow is not accurate. Realize they are sales people their biggest sales job is convincing you that you need them. Aside we did sell through a broker. My logic is that if you do a for sale by owner, the seller thinks they are saving the commission. The buyer looking on for sale by owner also figures on saving the commission. You can't both pocket the same money.
To the zillow price. It you hear of a home sold. You can easily look up the zillow price and compare it to the sale price. You need to do it quickly before the zillow price is adjusted to reflect the sale. My experience is the zillow price will be close to the sale price-5% lower or higher.
A typical broker game. They want to get the listing. I can get you xxxxxxx another broker tells you your home is worth 10% less than that. So you go with the person who claimed they would get you more so you give them the listing. Hey even with their higher commission you will still net more. Then you sit, You wonder why no one is looking and those who look don't even make an offer. The broker says you need to lower the price by 10%.