If everyone is relying on the zestimates….are they any good?
It’s a scary thought that we’ve become dependent upon an algorithmic computation of home values run by a third party for profit. Good thing they got out of the home-buying business! (Zillow, the digital real estate company, said that it’s exiting its business that buys and flips homes, and eliminating 25% of its workforce.)
The zestimates have been more accurate lately, but it’s hard to track because they still adjust them once a home is listed for sale. When you get notified of a new listing, check their zestimate immediately because it takes them a few hours to fabricate a new zestimate.
Just thought you’d like to know.