Talk of The Villages Florida - View Single Post - How realistic do you think Zillow home price estimates are?
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Old 12-29-2019, 02:59 AM
Rosebud2020 Rosebud2020 is offline
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Quote:
Originally Posted by retiredguy123 View Post
You may want to go to Zillow.com and update your house facts. Even if they are currently accurate, they may review it and change the Zillow estimate.

Personally, I trust the Zillow estimates way more so than the listing price or what Realtors say. If a house has a Zillow estimate that is much higher than the listed price, I won't even waste my time to view it. I also use the county website to see what the seller paid for the house, when it was sold, and what upgrades were made.

Trusting Zillow for accurate estimates of a home's value is 100% blind faith!

Realtors are trained to do comparative market analyses and their estimate of value is based on facts -- the same facts that appraisers use. Not so as far as Zillow whose estimates of value are usually high.

The price a person originally paid for their home has nothing whatsoever to do with the current value. The county's website really tells you nothing about the upgrades a person has done since they owned the property.