- This topic has 15 replies, 4 voices, and was last updated 14 years, 11 months ago by
garysears.
-
AuthorPosts
-
March 15, 2010 at 1:27 AM #17205March 15, 2010 at 6:25 PM #526182
poorgradstudent
ParticipantYeah, the more comparable transactions, the better the estimate. The Zestimates will always be better in neighborhoods with a decent number of recent sales and will always do better when prices are stable as opposed to rising or falling. Some properties truly are “one of a kind”, and those are much harder to estimate mathematically compared to model homes on the same street or condos in the same building where there have been recent sales.
March 15, 2010 at 6:25 PM #526314poorgradstudent
ParticipantYeah, the more comparable transactions, the better the estimate. The Zestimates will always be better in neighborhoods with a decent number of recent sales and will always do better when prices are stable as opposed to rising or falling. Some properties truly are “one of a kind”, and those are much harder to estimate mathematically compared to model homes on the same street or condos in the same building where there have been recent sales.
March 15, 2010 at 6:25 PM #526760poorgradstudent
ParticipantYeah, the more comparable transactions, the better the estimate. The Zestimates will always be better in neighborhoods with a decent number of recent sales and will always do better when prices are stable as opposed to rising or falling. Some properties truly are “one of a kind”, and those are much harder to estimate mathematically compared to model homes on the same street or condos in the same building where there have been recent sales.
March 15, 2010 at 6:25 PM #526857poorgradstudent
ParticipantYeah, the more comparable transactions, the better the estimate. The Zestimates will always be better in neighborhoods with a decent number of recent sales and will always do better when prices are stable as opposed to rising or falling. Some properties truly are “one of a kind”, and those are much harder to estimate mathematically compared to model homes on the same street or condos in the same building where there have been recent sales.
March 15, 2010 at 6:25 PM #527115poorgradstudent
ParticipantYeah, the more comparable transactions, the better the estimate. The Zestimates will always be better in neighborhoods with a decent number of recent sales and will always do better when prices are stable as opposed to rising or falling. Some properties truly are “one of a kind”, and those are much harder to estimate mathematically compared to model homes on the same street or condos in the same building where there have been recent sales.
March 15, 2010 at 7:50 PM #526222moneymaker
ParticipantI personally think they have my house under estimated and I think they over estimate in some neighborhoods, so my official opinion is they are still messed up! Then again as I get older I am realizing that it really is location location location but not because of the land, it is the people who are your neighbors that really matter.
March 15, 2010 at 7:50 PM #526354moneymaker
ParticipantI personally think they have my house under estimated and I think they over estimate in some neighborhoods, so my official opinion is they are still messed up! Then again as I get older I am realizing that it really is location location location but not because of the land, it is the people who are your neighbors that really matter.
March 15, 2010 at 7:50 PM #526800moneymaker
ParticipantI personally think they have my house under estimated and I think they over estimate in some neighborhoods, so my official opinion is they are still messed up! Then again as I get older I am realizing that it really is location location location but not because of the land, it is the people who are your neighbors that really matter.
March 15, 2010 at 7:50 PM #526897moneymaker
ParticipantI personally think they have my house under estimated and I think they over estimate in some neighborhoods, so my official opinion is they are still messed up! Then again as I get older I am realizing that it really is location location location but not because of the land, it is the people who are your neighbors that really matter.
March 15, 2010 at 7:50 PM #527155moneymaker
ParticipantI personally think they have my house under estimated and I think they over estimate in some neighborhoods, so my official opinion is they are still messed up! Then again as I get older I am realizing that it really is location location location but not because of the land, it is the people who are your neighbors that really matter.
March 15, 2010 at 10:17 PM #526262garysears
ParticipantWhy even follow the zillow estimates? You can do a much better job yourself in estimating market value just by paying attention to the MLS. In my experience, Zillow is less accurate that cyberhome or eappraisal.
If automated programs were to work well, seems like they would work best in a stable market. This market is anything but stable. There are two markets really: the all cash market and the FHA market which the flippers are selling to.
March 15, 2010 at 10:17 PM #526394garysears
ParticipantWhy even follow the zillow estimates? You can do a much better job yourself in estimating market value just by paying attention to the MLS. In my experience, Zillow is less accurate that cyberhome or eappraisal.
If automated programs were to work well, seems like they would work best in a stable market. This market is anything but stable. There are two markets really: the all cash market and the FHA market which the flippers are selling to.
March 15, 2010 at 10:17 PM #526840garysears
ParticipantWhy even follow the zillow estimates? You can do a much better job yourself in estimating market value just by paying attention to the MLS. In my experience, Zillow is less accurate that cyberhome or eappraisal.
If automated programs were to work well, seems like they would work best in a stable market. This market is anything but stable. There are two markets really: the all cash market and the FHA market which the flippers are selling to.
March 15, 2010 at 10:17 PM #526937garysears
ParticipantWhy even follow the zillow estimates? You can do a much better job yourself in estimating market value just by paying attention to the MLS. In my experience, Zillow is less accurate that cyberhome or eappraisal.
If automated programs were to work well, seems like they would work best in a stable market. This market is anything but stable. There are two markets really: the all cash market and the FHA market which the flippers are selling to.
-
AuthorPosts
- You must be logged in to reply to this topic.