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I had planned on selling my own property without an agent but a different video warned if I did that, Zillow would immediately reduce my Zestimate by ~20%. Bec

I had planned on selling my own property without an agent but a different video warned if I did that, Zillow would immediately reduce my Zestimate by ~20%. Because of that I ended up using a agent, only to find that Zillow immediately removed the zestimate once we listed the property which defeated the whole purpose of hiring an agent. The above was for Austin and whether or not a zestimate appears for an active property seems random. Now I would like to sell my property in Reno, NV without an agent and I am not sure what will happen to the zestimate. Perhaps I am overvaluing the importance of Zillow's estimate. There are other stories that Zillow will immediately knock down the estimate of a For Sale By Owner home and then call the seller with an offer that is slightly above their lowball estimate. But that level of manipulation seems hard to believe.

paulddraper 5y ago
> Perhaps I am overvaluing the importance of Zillow's estimate. I'm guessing so. Zestimates are just so wildly off...like +/- 20%. (Hey maybe that's why, IDK.) I bought my first house in Salt Lake City in 2014 and every house in the area was supposedly priced "above Zestimate". The market was provably different than Zillow's claims. I just learned to ignore it altogether. Houses aren't cars; there's no usable Blue Book.
jjeaff 5y ago
There are flat fee brokers that will literally do nothing except list your home on the MLS. I believe I paid $200 about 10 years ago and then sold the home on my own. But I believe on the MLS, it did not show as officially for sale by owner because of that flat fee broker.