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Zillow, should make it very clear then that their estimates are complete works of fiction and any resemblance to actual value is purely coincidental and unintended.



Well, it's really not a complete work of fiction... it's a correlated value estimate based on previous sale, and other property sales in a given market over time based on factors of the home (size, bedrooms, bathrooms, etc)... It may well not be accurate, as there may be other features that increase or decrease value.

That said, I would posit that if you're selling for more than a 20% variance from the Zestimate, that you are probably over/under-valued for the market. Just because you have gold-leaf throughout your home doesn't mean that it'll sell for a million when all your neighbors are half that.




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