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are those prices indicated at zillow.com for house for sale , $2,200 and morgage for $12 is it real?

I was looking for a house for sale at zillow.com at scottsdale its shows...
for sale $2,200 and the monthly morgage is $12/month, how will i know this is the real price?
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June 06 2012 - Scottsdale
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Profile picture for wetdawgs
Mr Barr writes "That's why there isn't a single mortgage lender that will use Zillow Zestimates for a property appraisal."    Perhaps he's forgetting that it is a violation of Zillow terms of use for lenders to use Zillow, and Zillow doesn't provide appraisals.  

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June 07 2012
Zillow isn't the MLS, and their data is notoriously inaccurate.  That's why there isn't a single mortgage lender that will use Zillow Zestimates for a property appraisal.

I bet you didn't know that Zillow isn't a licensed real estate broker and their business model is not based on selling real estate.  It is based on selling advertising to real estate related businesses on their website.

If you want up to date, real data, you should find the website of a local Realtor that provides a data feed from their local MLS.
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June 07 2012
Profile picture for wetdawgs
Usually (>99% of the time) when there is a price like $2200, it is a rental price that was accidentally entered as a sale price.   If you open the home details page, scroll to the bottom on click on the listing website for information.

I avoid these typos when searching for houses by putting a minimum price in the search box.  It saves a lot of frustration and muttering at clumsy typos.

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June 06 2012
 
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