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Zillow's estimates are complete fiction. A large part of real estate pricing is location and zillow can't distinguish between lake front property and homes that sit next to a garbage dump or some other drain on value.
Since October 2009
I do not believe it is accurate either.. I checked it out for one of my listings (for sale) and noticed it was comparing the home to a rental property.
I assume Zillow is also comparing homes that are distressed sales, foreclosures, short sales, etc. to homes that are none of the above.
I hope I am woring about that.
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Who in the world would possibly believe the Zillow estimates? Complete B.S.
sammysosa7
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