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Very true, to be sure. "Assume a spherical cow" and all that. But no, not Zillow. One, Redfin seems to be more accurate (but still optimistic) while Zillow is
by FireBeyond 4y ago
Very true, to be sure. "Assume a spherical cow" and all that.
But no, not Zillow. One, Redfin seems to be more accurate (but still optimistic) while Zillow is -hopelessly- optimistic (or was, I haven't checked in a few months, when they were trying to bail themselves out of their own situation. I "utilize" my friend who is a mortgage broker and they use their own database to determine how they'd either "automatic appraise" a home, or require an actual appraisal.
On the flip side, I don't use BOAs valuer, either. While my home is (and always has been) 4br/3.5ba, 2600 sqft, BOA has it as a 3br/2.5ba, 2100 sqft in their database, and had it valued at 25% less than the bank appraiser (which was the most conservative of appraiser, Redfin, Zillow).