FSBO’s often price near zestimate which are often too high which is one cause
Pulled up a townhome near me. Comps are 430 to 440K for a great location in the complex. Zestimate says 450K. Remodelled FSBO in what I would consider an impaired location listed at 485K
Condo listed in La Costa for $527K. Zestimate says 485K. Comps say price is closer than zestimate to reality.
Small remodelled 1 story house on huge lot near me listed for $1.65M. Zestimate says 950K butt hat doesnt adequately value the lot and view. Its probably worth 1.2 but is overpriced by hundreds of thousands. Guy has had it on and off the market for years. He’s got another around the corner thats bigger on smaller lot but similar view. He’s had it on and off the market for last 10 years also. Always hundreds of thousands too high. Everyone around here knows him. he’s been looking for a sucker for over a decade
