Quote:
Originally Posted by Rosebud2020
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.
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I wouldn't blindly trust anyone regarding the value of a house. The best way to feel comfortable about a sale price is to gather as much information that is available. The county website is supposed to indicate permitted upgrades and often does. And, what a person paid for their house sometimes indicates how much they are willing to sell it for, especially if they haven't owned it very long and are trying to make a huge profit. Both Zillow and Realtors do comparative market analyses in preparing an estimate. But, the Realtor's primary goal is to sell houses and make a commission, not to do accurate estimates. Very few people are willing to pay an appraiser unless they are forced to by the bank. The published data does not indicate that Zillow estimate are usually high. These are facts.