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Can zillow be wrong......

Theres a house i am looking at not. Yesterday it was listed as pending on the listing websites. Today the listing websites still say pending but i just got a zillow notification saying they lowered the price 10k so is it really true or should i even bother? Its bank owned if that matters
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December 08 2012 - Green
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Answers (4)

The most accurate information to the public about home listings is provided on www.HomesDatabase.com - this website is actually affiliated with the MLS that Realtors use. The information is updated about every 15 minutes and reflects what the Realtor enters on the MLS, including status. While Zillow is a great resource to the public, it does have somewhat of a lag time and sometimes the information provided can be slightly inaccurate.

Bank owned properties tend to behave a little differently in the market than standard sale homes. Have you spoken with a Realtor to come up with a strategy that meets your needs?
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December 08 2012
Sometimes when a home gets under contract the realtor does not put the new info in the multiple listing service until the home actually closes. Therefore there is a little bit of lag time involved. I would suggest calling the realtor and they can give you the current information. Best of luck, I hope this helps.
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December 08 2012
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There is a lag on Zillow for listing information so I would probably trust Realtor.com's pending status over the price reduction showing on Zillow. You could call the listing office directly to see what the status is. Most agents are happy to help.
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December 08 2012
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Now*
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December 08 2012
 
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