> I was like... what? You listed for X, we offered X+100K, you don't get to counter that
Apparently they do, because...
>they wound up selling for 175K over asking price
And, as for this:
>Instead, we actually rely a lot on the Zestimate and Redfin's estimate to figure out what the "real" value of the house is
Let me give you a lesson from econ 101 - the 'real' value of something is whatever someone else is willing to pay for it. If multiple people are willing to pay more than Zillow or Redfin estimate, then the 'real' value is higher.
Apparently they do, because...
>they wound up selling for 175K over asking price
And, as for this:
>Instead, we actually rely a lot on the Zestimate and Redfin's estimate to figure out what the "real" value of the house is
Let me give you a lesson from econ 101 - the 'real' value of something is whatever someone else is willing to pay for it. If multiple people are willing to pay more than Zillow or Redfin estimate, then the 'real' value is higher.