It's been said, "One may distinguish their own beliefs as accurate information when backed by a strong hand". For an example if you were given information from a reputable source, or at least you believed they were reputable, and later to find out that source was innacurate, you would likely feel shamed and cheated.
This is the same case where a home owner has been given so called 'real statistics' regarding the current value of their home. Zoocasa claims it is accurate information based on previous sales.
Zoocasa is a software program developed to build a false sense of 'price' entitlement for home owners. The specifics of the home itself aren't included in the data and ultimately it`s more of a historical sales report from the current neighborhood.
How would Zoocasa know if the neighbour has a junkyard in their front yard? Or what happens if a condo development was scheduled for construction next May? Obviously factors that would effect the sale price.
Please watch this interview with Mark Weisleder, a top Canadian Real Estate Lawyer.