This advice was based on the data from millions of home sales. Around 70% to be exact. Just pull up Zillow, do a search for homes in your city or area, and then look at comparable homes, and more importantly, recent sales in your area. If there are homes extremely similar to yours in your neighborhood that are selling for around $200,000, you may have a hard time selling yours for $260,000. The Zillow Instant Offers program directly contradicts their CEO's own advice to home sellers. As to all of the comments about the Zestimate, Mine went from $540k to $8somethingK and back to $550k, all inside of two weeks. My experience was about one save for every ten views. New York State regulators expressed an intent to outlaw Premier Agent, Zillow's major revenue source. Zillow offers sellers listing statistics (views and saves) for a particular day or 30 day span. Anonymous wrote:To keep track of houses I am interested in - to see open houses, price drops, what they sell for, etc.We are probably not ready to buy yet. With instant offers, you are doing exactly what Raskoff says not to do. Zillow is the nation’s leading online real estate marketplace, based on monthly website traffic. It then rates your listing based off these statistics for the given price point and area. How Does Zillow Work? Go to Zillow.com and enter your preferred address, neighborhood, city, or zip code. If it happens, and it other states follow, ouch! Because of this, Zillow isn’t exactly shouting from the rooftops about their new program. Zillow is an online home selling and buying marketplace. It currently sits $60k below assessed value and $130k below appraised value. The reason I save houses for sale is to see how long they are on the web site and do not sale or is listed for sale with a pending sign and comes back on the market. A review of Zillow Instant Offers reveals a new shift in the company’s normally “pro agent” stance. You can search for homes on Zillow and create Saved Searches to receive updates on your search preferences. They show listings for homes for sale by agents and by owners. Today, Zillow offers a wide array of products and services; however, it’s first and foremost a massive real estate database, consisting of more than 110 million “living” U.S. properties for sale, rent, or listed as “off-the-market.” We want to save more money first. I use Zillow saves in much the same way as functionthenlook described above, so my save would mean nothing to you in regards to purchase interest. It is a great tool for marketing a home for sale as it lets you show as many images as you want and has a good layout for describing the relevant information about your home. Log into your Zillow profile. Today, anybody can post information online and just because something’s popular doesn’t mean it’s accurate. 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