NecessaryMistake9754 OP t1_j7dx7qa wrote on February 6, 2023 at 2:03 AM

Reply to comment by Excellent_Affect4658 in What would you tell your realtor if you just bought a house and zillow said it has already lost 100k in value? by NecessaryMistake9754

I guess buyer remorse. Worth it before purchasing it, but not worth it after seeing zestimate

dahwhat t1_j7ft0ve wrote on February 6, 2023 at 2:16 PM

Or someone didn't do enough research, or put too much weight behind zillows inflated rating. Zillow is a commercial website designed to get people to list their house.

FairCut7009 t1_j7fjwya wrote on February 6, 2023 at 12:57 PM

Real estate will always perform over time. This is only concerning if you intended to make short term gains. In this market you can expect values to decrease but they will turn back around. So whether you wanted to or not you're into it for a longer term investment unless you plan on losing money. It's just the way real estate works and not your agents fault. Although it is possible that they were expecting it and lied to you so you wouldn't get scared and back out.