Quote:
Originally Posted by Boilerman
My experience selling and buying several homes recently is that Zillow is a great starting point and their estimates are within about +/- 5%. We have found Zillow very useful.
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As I've stated elsewhere, Zilliow provides the zillow price but also provides a range. The zillow price is usually in the middle of the range price and the difference from the low to the top is 3-4% down and 3-4% up.
You can and people do list a home at any price they wish. A friend needed to sell his home. The bank was going to foreclose. He priced it for way over the zillow price. When, I asked why, the reason was that he needed that much to cover the two mortgages he had on the property. It was foreclosed on. Yes, I did get the money I stupidly lent to him but, I lost a friend?