Zill-high or Zill-low? Zillow Won't Know
Posted by Help Now on
Zillow is a popular real estate website that uses public records to estimate the value of homes. However, in Utah they have a problem: Utah is a non-disclosure state. That means home owners are not required to disclose what they purchased their house for. That means Zillow doesn't know what your neighbor's homes sold for, or what you bought your home for. Making their estimates without public records makes Zillow very inaccurate in Utah.
So the question is do they estimate too high or too low. Because it still provides a starting point right? Unfortunately wrong. If their estimates were always high or always low it could still offer some value, but with no information to go on their estimates are all over the place.
For example here are two homes…
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