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haha I just figured out part of reason the @zillow estimate for my house fell 60%
They recently started using tax data. Compare tax estimate of houses to sale prices of houses, find offset, use that offset on YOUR tax estimate, get a calibrated estimate for fair market value
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3/ So their estimate for my house is built thusly: * 50% looking at values of comparable houses that have 6 bedrooms, 3.5 bathrooms, 3 car garages, barns, etc. * 50% the $1,844 0.1 acre lot, inflated by 12% to reach fair market value I bet I can guess when their algo changedpic.twitter.com/R28OXKEiDP
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Lovely tail
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