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So, obviously there is a considerable amount of discussion about Zestimates here. Owners always seem to think they undervalue their homes, and anyone who looks at a few will find some that are overvalued. They are imperfect, however, so are all the other AVM's.My real question is do any of you believe they have an effect on housing prices, regardless of their accuracy? Do owners see the various AVM's and price accordingly? Do the sellers that ignore the AVM's get lower offers from buyers with the published AVM's as part of their validation for less?I know they are supposed to be a REFLECTION of housing prices, but have they become a factor in the ACTUAL selling price?
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