What annoys me about Zillow is that their "number of days on Zillow" is totally bogus. A house down the street was on the market for 2 months (at a highly inflated value). Time on Zillow? 2 weeks. Maybe the time on Zillow is based on repricing or taking it off the market and putting it back on? Either way if you were looking for homes unless you kept track of an individual house you wouldn't be any wiser. Also amusin…
Well you're not buying the house to be built. You're buying the land and the crappy house. By your logic, you'd be paying for the new house twice. Once you when you pay the builders, and again when you just throw money at the seller of the tear down.
Of course this is an extreme example, I'm not sure how much people use Zestimates when negotiating the price of a house.