Why is it that the values given on Zillow are so much different than the ones my real estate agent shows me? Here's a brief explanation: Zillow draws from all the properties in the nearby area (to the subject property you are inquiring about) and sometimes that includes properties that are not the same style, size, type as the subject property. For instance, if you choose a single family detached home in a neighborhood that also has townhomes, those townhome values will be pulled into the equation. Your real estate agent will only use "like-kind" properties to get the best estimate of market value. Single family homes with single family homes. Condos with condos, etc. They can even dig deeper to see which homes were "real" sales and which were distressed (foreclosures, short sales, etc.) Zillow has been known to include commercial buildings and land ... that just does not compute. Is it better to compare apples to apples or apples to oranges? Well if you want to know the price of apples, who cares about the oranges? Get your ideas from Zillow, but ask your agent about value.
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