I think this sums it up for me exactly.... :ho:

Checked out Zillow pricing in my immediate neighborhood. There were significant differences between golf front and non golf front properties.

Zillow is pretty much an open publication from any state. I've never sold a home on Zillow, as a matter of fact I've never ever sold anything on Zillow. I think Zillow sells because it can be seen from a lot of states. I would never sell anything on Zillow because there's to many bad people on it. Just my opinion! If someone doesn't like my input that's OK because like I said, it's just my opinion. Good luck selling you home with whoever!

Over the last several years I have monitored half a dozen homes owned by family members on Zillow. One runs consistently high; the others are fairly valued. One bounces around in value on Zillow as it does IRL. Unless a house is unique in an unobvious way its Zillow estimate is likely fairly accurate IMHO.

How realistic do you think Zillow home price estimates are?
 

Zillow estimate was 30K less than the asking price for the home we recently sold in PA by owner. Happy to say we got our asking price! I don't trust Zillow's estimates since they're sight-unseen of the actual house.



PA for 77 years, Wilkes-Barre area, now TV full-time!

People...........it's an estimate. Period.




The Zestimate® home valuation model is Zillow’s estimate of a home's market value. The Zestimate incorporates public and user-submitted data, taking into account home facts, location and market conditions.
It is not an appraisal and it should be used as a starting point.

Not that Zillow is accurate but, I tend to believe that The Villages inflates the homes value.

Blindly trusting anyone regarding the price of a house could only be by word of mouth and that would be insane without any back-up information.

The county only tells you that a permit was issued. It doesn't even tell you that the work has been completed nor does it indicate the materials used or the quality of the work.

What a person originally paid for their home has nothing to do with what they might accept as a selling price. You would only be guessing or have wishful thinking.

Have you even seen or received a market analysis done by Zillow? No, I thought not. However, that is what Realtors do. You will get in in writing with all the current facts clearly explained and outlined. The facts given are clearly provable.

Of course a Realtor's goal is to make a commission when they sell a house. Just like any sales job, that's their profession! As far as accurate market analyses, you are incorrect. They don't "fudge" or misrepresent information; their report is based on substantiated facts as mentioned above.

The best way to determine value is of course to look at sold “comparable homes with similar amenities and similar location” - go to open houses if you are thinking of selling!! Buyers do this to determine value. An appraisal is only good for approx 3-6 months max. As a prospective buyer-I will go to as many open houses in my price range as possible so I can determine what is a fair value - it will be very easy to determine what is overpriced as well. I may or may not look at Zillow but I would definitely use local Real Estate agent to assist me with the entire process because they will know the local market.

That is like saying that all houses of the same sq ft should sell for the same price, regardless of upgrade or condition. If they have not seen your house, how accurate can the guesstimate be. Knowing how inaccurate they are, even Zillow made up a word Zestimate to Cover Their A__.

Someone explained that Zillow prices homes on sale price and tax paid, and an average of all the homes in the area.

Because I have owned my home 10 years, the price has not changed in 10 years, and due to save our homes, pay a very low tax rate.

I do not like the estimate of my home, but try to understand why it is so low.

From my experiences Zillow is fairly accurate.

Agents here are not realstic Zillow lets you post own price and they’re free why pay commission for doing so little

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.

This may be true for newer neighborhoods, but does not seem to be true when a home hasn’t been sold in ten years.