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Should we offer something close to Zillow's price?

MAR 8 2014Listed by bank$48,500

This property was foreclosed and now the lender is selling it for $48,500.

Zillow's Foreclosure Estimate predicts this property will sell for $36,709.

  • April 20 2014 - US
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Answers (4)

Zillow's estimates are highly inaccurate since they have no knowledge of the location or condition of the property.  You could easily bid to low or too high without accurate market data.

Do yourself a favor and find a qualified agent to help you. There is no cost to you and you will be better in the long run.
  • April 20 2014
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Zillow is not always accurate in regard to the valuation of homes. It would probably be a good idea to meet with a realtor and go over recent sales and current homes on the market to come up with a fair offer price.
  • April 20 2014
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Profile picture for Phil
You should ask your agent what's the current list-to-sale ratio for foreclosed comparable homes in the area and proeed accordingly.
  • April 20 2014
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  • April 20 2014
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