Quote:
Originally Posted by KathrynAragon
You are not kidding.
Last year we sold a home and moved to another market. The home we sold was "valued" on Zillow for nearly $100,000 less than it's actual value, and actual sale price! I would occasionally pull up that "listing" on Zillow and just shudder, hoping that potential buyers weren't actually expecting that "zestimate" to be accurate.
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I'm scheduled to close on a condo tomorrow. The listing on Zillow (which is still up despite the unit being under contract for nearly a month) shows photos of the condo in its current condition, but lists the sale price from 2014, which is over $100,000 less than I'm paying for the unit. (The condo was badly dated when it was last purchased, and the current seller has basically gutted it and done a complete remodel of the unit, which explains the massive price discrepancy.)
Anyone who relies on Zillow for price data must be nuts!