Hundreds of thousands of people go to Zillow and similar websites every day to search for houses. Because Zillow gets all its information on homes for sale directly from the MLS (the same site used by Realtors), there’s no reason to think you need a Realtor to search for a home. Right?!
"When Zillow rolled out the feature back in 2006, it had an error rate of 14%. When NerdWallet last reviewed Zestimates in 2015, they had a national median error rate of 8%
Recently, Zillow says the margin of error is 4.3% nationwide. That means half of Zestimates were within 4.3% of the final selling price, and half were off by more than 4.3%."
True, 4.3% doesn't seem like a lot. For a $180,000 house, the wrong values could be…