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zillow: How accurate is Zillow?
- 04/23/13 02:23 PM
Do you ever wonder How Accurate is Zillow? This was borrowed with permission from a colleague in Pennsylvania. The information however, is appropriate wherever you are.There is a cartoon going around which shows a couple sitting with a real estate agent at a table. The agent says: “Based on comps, I suggest listing at $350K.” The wife says: “But we paid $650,000 for it!” And, the husband adds: “And Zillow says it’s worth $675,000!”
The sad truth is that most consumers do not understand Zillow—or House Values, or even their county assessment office—all of which use Automated Valuation Models (AVMs) to price … (3 comments)
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Do you ever wonder How Accurate is Zillow? This was borrowed with permission from a colleague in Pennsylvania. The information however, is appropriate wherever you are.There is a cartoon going around which shows a couple sitting with a real estate agent at a table. The agent says: “Based on comps, I suggest listing at $350K.” The wife says: “But we paid $650,000 for it!” And, the husband adds: “And Zillow says it’s worth $675,000!” 
;)
;)
