Zillow estimates

[SD Realtor]

I think that finding fair value is something that is a bit of a comfort to buyers but has nothing to do with whether the seller will accept an offer or not. Subsequently using a tool like zillow to establish fair value is inaccurate at best. Knowing details about the comps that you are selecting is just as important as the chronology of when those sales occurred. Knowing other issues such as expireds, cancelleds, and active pending ratios in the submarket you are thinking about is just as important. The active pending ratio is crucial because the comps may say one thing with respect to the price but have no reflection of the current activity. Thus you may base your offer on those comps but if the area is active your offer will be bypassed. Value is only an opinion that is nothing more then a snapshot in time. I am not saying it is not useful, but don’t bet the farm on it.

[sdrealtor]

true true

[sdrealtor]

true true

[sdrealtor]

true true

[sdrealtor]

true true

[sdrealtor]

true true

[earlyretirement]

I find Zillow for the most part wildly inaccurate with what is really going in the marketplace. But I still like to utilize it just for kicks and giggles when looking at properties I’m evaluating. If anything, I like the fact that you can get the asking price history which isn’t listed on many sites like RedFin. I get a kick sometimes out of seeing reality set in for some owners that have been trying to sell for years and years.

Here is one of my favorites.

http://www.zillow.com/homedetails/14050-Collins-Ranch-Pl-San-Diego-CA-92130/54905229_zpid/

Zillow says the house is worth $1.5+ million and they can’t dump it for much much lower than that. Notice the asking price history since 2008.

[earlyretirement]

I find Zillow for the most part wildly inaccurate with what is really going in the marketplace. But I still like to utilize it just for kicks and giggles when looking at properties I’m evaluating. If anything, I like the fact that you can get the asking price history which isn’t listed on many sites like RedFin. I get a kick sometimes out of seeing reality set in for some owners that have been trying to sell for years and years.

Here is one of my favorites.

http://www.zillow.com/homedetails/14050-Collins-Ranch-Pl-San-Diego-CA-92130/54905229_zpid/

Zillow says the house is worth $1.5+ million and they can’t dump it for much much lower than that. Notice the asking price history since 2008.

[earlyretirement]

I find Zillow for the most part wildly inaccurate with what is really going in the marketplace. But I still like to utilize it just for kicks and giggles when looking at properties I’m evaluating. If anything, I like the fact that you can get the asking price history which isn’t listed on many sites like RedFin. I get a kick sometimes out of seeing reality set in for some owners that have been trying to sell for years and years.

Here is one of my favorites.

http://www.zillow.com/homedetails/14050-Collins-Ranch-Pl-San-Diego-CA-92130/54905229_zpid/

Zillow says the house is worth $1.5+ million and they can’t dump it for much much lower than that. Notice the asking price history since 2008.

[earlyretirement]

I find Zillow for the most part wildly inaccurate with what is really going in the marketplace. But I still like to utilize it just for kicks and giggles when looking at properties I’m evaluating. If anything, I like the fact that you can get the asking price history which isn’t listed on many sites like RedFin. I get a kick sometimes out of seeing reality set in for some owners that have been trying to sell for years and years.

Here is one of my favorites.

http://www.zillow.com/homedetails/14050-Collins-Ranch-Pl-San-Diego-CA-92130/54905229_zpid/

Zillow says the house is worth $1.5+ million and they can’t dump it for much much lower than that. Notice the asking price history since 2008.

[earlyretirement]

I find Zillow for the most part wildly inaccurate with what is really going in the marketplace. But I still like to utilize it just for kicks and giggles when looking at properties I’m evaluating. If anything, I like the fact that you can get the asking price history which isn’t listed on many sites like RedFin. I get a kick sometimes out of seeing reality set in for some owners that have been trying to sell for years and years.

Here is one of my favorites.

http://www.zillow.com/homedetails/14050-Collins-Ranch-Pl-San-Diego-CA-92130/54905229_zpid/

Zillow says the house is worth $1.5+ million and they can’t dump it for much much lower than that. Notice the asking price history since 2008.

[njtosd]

Zillow’s main value, as far as I’m concerned, is that it is usually pretty accurate at identifying the location and lot lines of a property. And just from experience, our house here sold in January, and we discovered later that it sold within 1% of the “Zestimate.” As it turned out, we didn’t use an agent (although we compensated the buyer’s agent), so if we figure the price that we would have sold it for using an agent, the “Zestimate” was more like about 3-4% low.

[njtosd]

Zillow’s main value, as far as I’m concerned, is that it is usually pretty accurate at identifying the location and lot lines of a property. And just from experience, our house here sold in January, and we discovered later that it sold within 1% of the “Zestimate.” As it turned out, we didn’t use an agent (although we compensated the buyer’s agent), so if we figure the price that we would have sold it for using an agent, the “Zestimate” was more like about 3-4% low.

[njtosd]

Zillow’s main value, as far as I’m concerned, is that it is usually pretty accurate at identifying the location and lot lines of a property. And just from experience, our house here sold in January, and we discovered later that it sold within 1% of the “Zestimate.” As it turned out, we didn’t use an agent (although we compensated the buyer’s agent), so if we figure the price that we would have sold it for using an agent, the “Zestimate” was more like about 3-4% low.

[njtosd]

Zillow’s main value, as far as I’m concerned, is that it is usually pretty accurate at identifying the location and lot lines of a property. And just from experience, our house here sold in January, and we discovered later that it sold within 1% of the “Zestimate.” As it turned out, we didn’t use an agent (although we compensated the buyer’s agent), so if we figure the price that we would have sold it for using an agent, the “Zestimate” was more like about 3-4% low.

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