Name: Phoenix broker finds Zillow is overvaluing homes, here's how to determine actual listing price
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Phoenix broker finds Zillow is overvaluing homes, here's how to determine actual listing price

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Breaking NewsIf you’re looking to buy or sell a home in the Valley, do your homework.2:41 PM MST February 20, 2021PHOENIX —The median error rate of the Zestimate for on-market homes in Phoenix is 1.3%, Zillow spokesperson said in an email to 12 News. The company also clarified that Zestimates are supposed to act as the beginning of the home buyer's ezperience."The Zestimate is not an official appraisal, but rather a jumping off point in determining a home’s value and in starting valuable conversations between homeowners, buyers, sellers and real estate professionals," the spokesperson said.AThe Zestimate® home valuation model is Zillow's estimate of a home's market value. The Zestimate incorporates public and user-submitted data, taking into account home facts, location and market conditions. The Zestimate's accuracy depends on location and the availability of data in an area.Paid AdvertisementNotifications can be turned off anytime in the browser settings.No ThanksAllow

Breaking NewsIf you’re looking to buy or sell a home in the Valley, do your homework.2:41 PM MST February 20, 2021PHOENIX —The median error rate of the Zestimate for on-market homes in Phoenix is 1.3%, Zillow spokesperson said in an email to 12 News. The company also clarified that Zestimates are supposed to act as the beginning of the home buyer's ezperience."The Zestimate is not an official appraisal, but rather a jumping off point in determining a home’s value and in starting valuable conversations between homeowners, buyers, sellers and real estate professionals," the spokesperson...

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Trisha Hendricks

12news.com

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Phoenix broker finds Zillow is overvaluing homes, here's how to determine actual listing price

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