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I've been in the habit of looking up housing costs on i-phone as I drive to get an idea what houses cost. I'm just curious if sites such as zillow are reliable and "on the money".
Way off in a large percentage of the estimates, do not base any decision on them.
You can look up houses in the area that recently sold if there are any and that will give you a better idea.
I've been in the habit of looking up housing costs on i-phone as I drive to get an idea what houses cost. I'm just curious if sites such as Zillow are reliable and "on the money".
Zestimates are crap.
Zillow has lots of useful data.
You can look up "sold" prices and dates for similar houses.
Yes, Zillow are estimates useless here. The Refin estimate look a bit better but the sales prices aren't accurate either so I'm not sure they're getting the MLS data.
I've been in the habit of looking up housing costs on i-phone as I drive to get an idea what houses cost. I'm just curious if sites such as zillow are reliable and "on the money".
With 17% of zestimates being more than 25% inaccurate I think that answers the question. What is more annoying is Zillows propaganda that "zestimates are a starting point" because even if a homeowner does everything that Zillow advises, like claim your home, update the facts where data is incomplete or wrong, and the zestimate is still wildly off the mark then too bad. Zillow refuse all reasonable requests from homeowners to correct or delete substantially erroneous zestimates, and one has to question what is their motive? One can only presume they enjoy the notoriety that they get from nonsense zestimates as it brings more users to their website and therefore increases advertising revenues.
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Yes and No
