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Ricechex.
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February 25, 2008 at 7:36 PM #11930February 25, 2008 at 8:19 PM #159888
Bugs
ParticipantI would anticipate that these computerized valuation models are going to be a little more wonky than average for a while. This is because the pricing trends are very volatile right now and they will continue to be unstable for the foreseeable future.
These programs work better when the value trends are more uniform and when they have lots of data showing the same trends. That’s not what we’re looking at right now.
As long as you don’t think of them outside of the entertainment value it’s all good. If you really need to get an idea of where you’re at, the realty agent who normally farms your neighborhood is probably your best bet.
February 25, 2008 at 8:19 PM #160184ParticipantI would anticipate that these computerized valuation models are going to be a little more wonky than average for a while. This is because the pricing trends are very volatile right now and they will continue to be unstable for the foreseeable future.
These programs work better when the value trends are more uniform and when they have lots of data showing the same trends. That’s not what we’re looking at right now.
As long as you don’t think of them outside of the entertainment value it’s all good. If you really need to get an idea of where you’re at, the realty agent who normally farms your neighborhood is probably your best bet.
February 25, 2008 at 8:19 PM #160199ParticipantI would anticipate that these computerized valuation models are going to be a little more wonky than average for a while. This is because the pricing trends are very volatile right now and they will continue to be unstable for the foreseeable future.
These programs work better when the value trends are more uniform and when they have lots of data showing the same trends. That’s not what we’re looking at right now.
As long as you don’t think of them outside of the entertainment value it’s all good. If you really need to get an idea of where you’re at, the realty agent who normally farms your neighborhood is probably your best bet.
February 25, 2008 at 8:19 PM #160203ParticipantI would anticipate that these computerized valuation models are going to be a little more wonky than average for a while. This is because the pricing trends are very volatile right now and they will continue to be unstable for the foreseeable future.
These programs work better when the value trends are more uniform and when they have lots of data showing the same trends. That’s not what we’re looking at right now.
As long as you don’t think of them outside of the entertainment value it’s all good. If you really need to get an idea of where you’re at, the realty agent who normally farms your neighborhood is probably your best bet.
February 25, 2008 at 8:19 PM #160280ParticipantI would anticipate that these computerized valuation models are going to be a little more wonky than average for a while. This is because the pricing trends are very volatile right now and they will continue to be unstable for the foreseeable future.
These programs work better when the value trends are more uniform and when they have lots of data showing the same trends. That’s not what we’re looking at right now.
As long as you don’t think of them outside of the entertainment value it’s all good. If you really need to get an idea of where you’re at, the realty agent who normally farms your neighborhood is probably your best bet.
February 25, 2008 at 9:39 PM #159910CMcG
ParticipantThanks, Bugs. I think I understand why Zillow isn’t working in my neighborhood right now…it’s kind of upper middle class, cepting for me (who bought the “ugly sister” on the block) but no two houses are alike. And nothing is for sale. But there are people on Zillow screaming, “I live in a tract neighborhood…how can MY value be so much lower than the exact same house across the street?!” Plenty of people are threatening to sue Zillow, because potential buyers are showing up with the Zestimate printed out. Plenty are screaming that they want their property removed from Zillow, but Zillow reps always politely refuse.
February 25, 2008 at 9:39 PM #160202ParticipantThanks, Bugs. I think I understand why Zillow isn’t working in my neighborhood right now…it’s kind of upper middle class, cepting for me (who bought the “ugly sister” on the block) but no two houses are alike. And nothing is for sale. But there are people on Zillow screaming, “I live in a tract neighborhood…how can MY value be so much lower than the exact same house across the street?!” Plenty of people are threatening to sue Zillow, because potential buyers are showing up with the Zestimate printed out. Plenty are screaming that they want their property removed from Zillow, but Zillow reps always politely refuse.
February 25, 2008 at 9:39 PM #160219ParticipantThanks, Bugs. I think I understand why Zillow isn’t working in my neighborhood right now…it’s kind of upper middle class, cepting for me (who bought the “ugly sister” on the block) but no two houses are alike. And nothing is for sale. But there are people on Zillow screaming, “I live in a tract neighborhood…how can MY value be so much lower than the exact same house across the street?!” Plenty of people are threatening to sue Zillow, because potential buyers are showing up with the Zestimate printed out. Plenty are screaming that they want their property removed from Zillow, but Zillow reps always politely refuse.
February 25, 2008 at 9:39 PM #160222ParticipantThanks, Bugs. I think I understand why Zillow isn’t working in my neighborhood right now…it’s kind of upper middle class, cepting for me (who bought the “ugly sister” on the block) but no two houses are alike. And nothing is for sale. But there are people on Zillow screaming, “I live in a tract neighborhood…how can MY value be so much lower than the exact same house across the street?!” Plenty of people are threatening to sue Zillow, because potential buyers are showing up with the Zestimate printed out. Plenty are screaming that they want their property removed from Zillow, but Zillow reps always politely refuse.
February 25, 2008 at 9:39 PM #160300ParticipantThanks, Bugs. I think I understand why Zillow isn’t working in my neighborhood right now…it’s kind of upper middle class, cepting for me (who bought the “ugly sister” on the block) but no two houses are alike. And nothing is for sale. But there are people on Zillow screaming, “I live in a tract neighborhood…how can MY value be so much lower than the exact same house across the street?!” Plenty of people are threatening to sue Zillow, because potential buyers are showing up with the Zestimate printed out. Plenty are screaming that they want their property removed from Zillow, but Zillow reps always politely refuse.
February 25, 2008 at 10:02 PM #159926The OC Scam
ParticipantZillow is actually starting to make more sense on their zestimates by putting together comps within the last 6 months instead of holding on to comps from 2006 and mid 2007 sales. They also use to compare homes the were completely different in size and lot. They still need to come down more in many areas but they are trying to play catch up.
February 25, 2008 at 10:02 PM #160223ParticipantZillow is actually starting to make more sense on their zestimates by putting together comps within the last 6 months instead of holding on to comps from 2006 and mid 2007 sales. They also use to compare homes the were completely different in size and lot. They still need to come down more in many areas but they are trying to play catch up.
February 25, 2008 at 10:02 PM #160239ParticipantZillow is actually starting to make more sense on their zestimates by putting together comps within the last 6 months instead of holding on to comps from 2006 and mid 2007 sales. They also use to compare homes the were completely different in size and lot. They still need to come down more in many areas but they are trying to play catch up.
February 25, 2008 at 10:02 PM #160242ParticipantZillow is actually starting to make more sense on their zestimates by putting together comps within the last 6 months instead of holding on to comps from 2006 and mid 2007 sales. They also use to compare homes the were completely different in size and lot. They still need to come down more in many areas but they are trying to play catch up.
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