Zillow's estimates of home values in my area have consistently been 150% of actual prices, as far as I've seen over the past years. Not that I've looked that closely and given that this is a hard area for them with low sales and a broad range of values for reasons not easy for their algorithms to quantify.
However, I always took that to be intentional, sort of a "see how valuable your home is / how high the values are where you're looking at"; hype that cost them nothing but made everyone feel better. Did the person that set that "glamor bonus" fudge factor get fired or just wasn't allowed to talk to the team deciding offer prices?
However, I always took that to be intentional, sort of a "see how valuable your home is / how high the values are where you're looking at"; hype that cost them nothing but made everyone feel better. Did the person that set that "glamor bonus" fudge factor get fired or just wasn't allowed to talk to the team deciding offer prices?