Zillow Observation

[kev374]

Zillow is nonsense. A friend’s condo in Vegas supposedly just went up in value 10% from last month’s update to this month when it is well known that the market is tanking there like no tommorow!

[jennyo]

Zillow is in denial over the house we sold last September in Antioch. Prior to the sale, Zillow had the POS hovering in the $380K range. We originally listed it at $279K and ended up accepting an offer for $215K. The house recorded and now Zillow shows it as “recently sold” with the $215K sale price, but still values it at $310K. Its absolutely ridiculous. The house was only worth what someone was willing to pay for it…

[jennyo]

Zillow is in denial over the house we sold last September in Antioch. Prior to the sale, Zillow had the POS hovering in the $380K range. We originally listed it at $279K and ended up accepting an offer for $215K. The house recorded and now Zillow shows it as “recently sold” with the $215K sale price, but still values it at $310K. Its absolutely ridiculous. The house was only worth what someone was willing to pay for it…

[jennyo]

Zillow is in denial over the house we sold last September in Antioch. Prior to the sale, Zillow had the POS hovering in the $380K range. We originally listed it at $279K and ended up accepting an offer for $215K. The house recorded and now Zillow shows it as “recently sold” with the $215K sale price, but still values it at $310K. Its absolutely ridiculous. The house was only worth what someone was willing to pay for it…

[jennyo]

Zillow is in denial over the house we sold last September in Antioch. Prior to the sale, Zillow had the POS hovering in the $380K range. We originally listed it at $279K and ended up accepting an offer for $215K. The house recorded and now Zillow shows it as “recently sold” with the $215K sale price, but still values it at $310K. Its absolutely ridiculous. The house was only worth what someone was willing to pay for it…

[jennyo]

Zillow is in denial over the house we sold last September in Antioch. Prior to the sale, Zillow had the POS hovering in the $380K range. We originally listed it at $279K and ended up accepting an offer for $215K. The house recorded and now Zillow shows it as “recently sold” with the $215K sale price, but still values it at $310K. Its absolutely ridiculous. The house was only worth what someone was willing to pay for it…

[Raybyrnes]

I am hard pressed to see the critcism vented about zillow. For a company that is jsut a couple of years old I think that it is a phenomenal tool when used for research purposes. Additoinally as the sight coninues to gather transactional data it will get better at forecasting actual data.

Complaining about zillow is like complaining about computers during their infancy. Anyone think that zillow won’t provide reliable estimates that will threaten the appraisal industry 10 years from now.

Additonally it is FREE. Some people have to have something to complain about.

[Raybyrnes]

I am hard pressed to see the critcism vented about zillow. For a company that is jsut a couple of years old I think that it is a phenomenal tool when used for research purposes. Additoinally as the sight coninues to gather transactional data it will get better at forecasting actual data.

Complaining about zillow is like complaining about computers during their infancy. Anyone think that zillow won’t provide reliable estimates that will threaten the appraisal industry 10 years from now.

Additonally it is FREE. Some people have to have something to complain about.

[Raybyrnes]

I am hard pressed to see the critcism vented about zillow. For a company that is jsut a couple of years old I think that it is a phenomenal tool when used for research purposes. Additoinally as the sight coninues to gather transactional data it will get better at forecasting actual data.

Complaining about zillow is like complaining about computers during their infancy. Anyone think that zillow won’t provide reliable estimates that will threaten the appraisal industry 10 years from now.

Additonally it is FREE. Some people have to have something to complain about.

[Raybyrnes]

I am hard pressed to see the critcism vented about zillow. For a company that is jsut a couple of years old I think that it is a phenomenal tool when used for research purposes. Additoinally as the sight coninues to gather transactional data it will get better at forecasting actual data.

Complaining about zillow is like complaining about computers during their infancy. Anyone think that zillow won’t provide reliable estimates that will threaten the appraisal industry 10 years from now.

Additonally it is FREE. Some people have to have something to complain about.

[Raybyrnes]

I am hard pressed to see the critcism vented about zillow. For a company that is jsut a couple of years old I think that it is a phenomenal tool when used for research purposes. Additoinally as the sight coninues to gather transactional data it will get better at forecasting actual data.

Complaining about zillow is like complaining about computers during their infancy. Anyone think that zillow won’t provide reliable estimates that will threaten the appraisal industry 10 years from now.

Additonally it is FREE. Some people have to have something to complain about.

[Ren]

I think peoples’ issue with it is that it’s not just inaccurate, it’s wildly inaccurate – not just due to limited data, but to incorrect calculations. Maybe someone else knows more about that, I’d like to learn how it values properties.

A friend of mine has a house in Vista with a zestimate of $1.3m (and climbing, according to zillow), and he’d be lucky to get $1m for it today.

I don’t think it will ever threaten appraisers – it doesn’t store enough data about individual homes, and has no way of finding that information out without human intervention.

[Ren]

I think peoples’ issue with it is that it’s not just inaccurate, it’s wildly inaccurate – not just due to limited data, but to incorrect calculations. Maybe someone else knows more about that, I’d like to learn how it values properties.

A friend of mine has a house in Vista with a zestimate of $1.3m (and climbing, according to zillow), and he’d be lucky to get $1m for it today.

I don’t think it will ever threaten appraisers – it doesn’t store enough data about individual homes, and has no way of finding that information out without human intervention.

[Ren]

I think peoples’ issue with it is that it’s not just inaccurate, it’s wildly inaccurate – not just due to limited data, but to incorrect calculations. Maybe someone else knows more about that, I’d like to learn how it values properties.

A friend of mine has a house in Vista with a zestimate of $1.3m (and climbing, according to zillow), and he’d be lucky to get $1m for it today.

I don’t think it will ever threaten appraisers – it doesn’t store enough data about individual homes, and has no way of finding that information out without human intervention.

[Ren]

I think peoples’ issue with it is that it’s not just inaccurate, it’s wildly inaccurate – not just due to limited data, but to incorrect calculations. Maybe someone else knows more about that, I’d like to learn how it values properties.

A friend of mine has a house in Vista with a zestimate of $1.3m (and climbing, according to zillow), and he’d be lucky to get $1m for it today.

I don’t think it will ever threaten appraisers – it doesn’t store enough data about individual homes, and has no way of finding that information out without human intervention.

[Author]

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