Illinois owner sues Zillow over home value estimates

It was bound to happen and even more so in the future. Zestimates are just out of whack. I have many clients who have been thrown-off from the home values coming from this website. The “proprietary formula” which Zillow uses is questionable.

Did you know that Zillow no longer receives all these data in “real-time” but only from select and limited sources? This makes the data they present not just inaccurate but unreliable. This goes the same with property status. Homes a buyer are looking at are likely no longer in “Active” status.

Source: Illinois owner sues Zillow over home value estimates