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Don’t Always BELIEVE What You SEE; Zillow said WHAT?!
I was having a conversation with a friend the other day and he told me he checks out prices of homes on Zillow.
I suggested we do a little checking on our own. A few days before our discussion, I received an appraisal on a condo that had NO upgrades and was in very poor condition. Zillow said it was worth $186 per square foot. The connecting condo, which was totally upgraded (about $125,000 in upgrades), and actually had a much better view, was listed on Zillow at $156 a square foot. The two condos were comparable in size. He was shocked when he saw these two figures on Zillow, knowing the condition of both condos.
I don’t know about you, but I prefer to actually have someone LOOK at the properties they are comparing. Computers can’t SEE what they are comparing. In our area;  Fairway, Lake and Mountain VIEWS add quite a bit of weight to an appraisal, as do improvements. We live in the Palm Springs Desert area and “snowbirds” like South and West facing patios so they can bask in the sun throughout the winter months. Those VIEWS and DIRECTIONS can add upwards of $50,000 or more ... more

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