[Noah930]

Your home is only worth what someone's willing to pay for it. Regardless of what zillow or the other two or three valuation websites guessimate.

I'd be interested to see what factors zillow uses in its valuation calculations. I'm sure local comps, sq ft, # of BR/BA, etc. But there are a million little things that count in the real world, but you just can't valuate very easily without walking into a property and taking a look around (across the street from a noisy school, curb appeal, interior layout, upgrades, local traffic noise, etc.).

I'm noticing that at least here in LA, peoples' asking prices and transaction prices (excepting some sort of forclosure type property) seem to be significantly higher (10-20%) than what zillow estimates.