Zillow and Other Z Words Are the Rage of the Internet

RE:Zillow and Other Z Words Are the Rage of the Internet

Veronica — Tue, 27 Feb 2007 13:00:00 GMT

The value of my home on Zillow was priced comparable to the one that sold right next to mine, same floor plan when I first looked it up. I signed in to correct mild information that actually put it in better standing than the house sold next door and out of curiosity put it on Make Me Move. A day or so later I took it off, no longer curious. Since that time the house (again same as about 75% of the others on the street) has plummeted after being "one of the best" initially.

RE:Zillow and Other Z Words Are the Rage of the Internet

Veronica — Tue, 27 Feb 2007 13:00:00 GMT

I have written for corrections or clarification and seen NO change or response. I believe it could be retaliation for signing off. I was thinking about selling but this liable without an opportunity to rebut is seriously dangerous. For those of you who think this doesn't matter consider that I first heard of Zillow from a friend of mines' Lender. Again, the admitted accuracy from Zillow is really low, but obviously lenders and buyers take any perceived weakness as hardfast truth.

RE:Zillow and Other Z Words Are the Rage of the Internet

Veronica — Tue, 27 Feb 2007 13:00:00 GMT

Sellers can shout from the roof tops that this is unjust, but picky buyers looking for smoke just found fire and sellers have NO opportunity to defend themselves.

RE:Zillow and Other Z Words Are the Rage of the Internet

Anonymous — Wed, 08 Nov 2006 13:00:00 GMT

My house was built in 1998. In Florida, values are capped at up to 3% increase/year. Therefore, all houses not recently built are priced far lower than their neighbors built recently. This is a built-in bias error Zillow perpetuates and makes my house far less valuable than houses purchased recently.

RE:Zillow and Other Z Words Are the Rage of the Internet

Anonymous — Thu, 22 Jun 2006 11:00:00 GMT

Pretty much useless in my neighborhood. Same house, same age, same lot, same square footage, same features, 2 doors down: one is priced $185,000 higher than the other oneand by the way, the sf is wrong. Same house again across the street listed with 200 sf more (wrong!), $400,000 higher than comparable houses. Totally useless and actually a detriment to those trying to sell their homes. I wrote to Zillow to correct square footage and inform them of price problems, no change.

RE:Zillow and Other Z Words Are the Rage of the Internet

abe hoffman — Mon, 08 May 2006 11:00:00 GMT

Realtors: We are now offering a real-estate mapping package for real estate professionals like yourself which would allow you to map and display your MLS listings and/or real estate listings on the your website. Feel free to contact us if you would like to discuss our technologies and competences.

RE:Zillow and Other Z Words Are the Rage of the Internet

bill — Wed, 26 Apr 2006 11:00:00 GMT

Zillow is imaginative, interesting and may have a future. The challenges are enormous. As of the March 25 update - it is seriously flawed - My house is zillowed in at $188 sq. ft. and comps are $319 - next door house has zillowed sq. ft. at $369 and comps at $381. Should mention zillow boys have no info on beds or baths my place or past sale info. At present I would label site as VOODO REAL ESTATE akin to Voodoo economics.

RE:Zillow and Other Z Words Are the Rage of the Internet

Katie — Fri, 31 Mar 2006 11:00:00 GMT

Zillow states my home is worth 33% less than actual value. I am Florida waterfront. Zillow appraised my home with your typical lot. I agree, Zillow has alot to learn.

RE:Zillow and Other Z Words Are the Rage of the Internet

Mike Kollar - real estate agent — Thu, 23 Mar 2006 11:00:00 GMT

Hey, for those of you that are convinced that Zillow.com can accurately give you the correct value of your home, I have some $2000 stock market predictor software I would like to sell you too.

RE:Zillow and Other Z Words Are the Rage of the Internet

Gerry — Thu, 16 Mar 2006 11:00:00 GMT

Jeeze people, this is new technology. The term beta means that it is still in development, remember!?! Besides that, the four-star system helps to judge the accuracy of the price posted. People should be a bit more happy that somebody cares enough about taking information and sharing it in a useful way. Trying to take some of the information away from the WAY overpaid realtors. I'm sure they are doing it for the money but what a great idea. Personally, I compliment them for their efforts!

RE:Zillow and Other Z Words Are the Rage of the Internet

John — Fri, 03 Mar 2006 13:00:00 GMT

In many parts of the country where the real estate bubble exists, property values are not based on economic fundamentals, they are artificially inflated due to speculation, low mortgage rates, exotic no money down, interest only loans, corrupt appraisers, uniformed buyers, etc. Just because your neighbor next door sold their home for $400,000 does not mean that is really what it is worth. It just means someone was willing, or in many cases, stupid enough, to pay it!

RE:Zillow and Other Z Words Are the Rage of the Internet

Connie — Sat, 25 Feb 2006 13:00:00 GMT

Zillow uses a sq. footage approach to appraisal more than anything based on the average sq. footage price in any given area . This cost approach method on market sq footage costs has some merit . Zillow certainly uses market comps . Zillow doesnt add value on views, pools , or upgrading but has a section where one can add on for things like that . Its greatest value is it gives comps which people need to know about .

RE:Zillow and Other Z Words Are the Rage of the Internet

Marketing Ideas — Fri, 24 Feb 2006 13:00:00 GMT

All these post do nothing more but give valueable feedback to Mr. Zillow on how to enhace his product offering and repair those inaccurate AVM's. It is called free quality control and testing. I think he is onto something here.

RE:Zillow and Other Z Words Are the Rage of the Internet

Gi GI — Thu, 23 Feb 2006 13:00:00 GMT

Nothing worse in this field than old data. Four years ago I had an appraisal done on my house and it was 180K, at the same time an AVM was done and it came back at 176,500. Four years into the future, Zillow says my house is worth 184k. My Insurance agent ran an avm on it last Feb 05 and it was 225K. It seems like Zillow is only good as the old tax data and such, from many moons ago.

RE:Zillow and Other Z Words Are the Rage of the Internet

Becky — Mon, 20 Feb 2006 13:00:00 GMT

Zillow Zucks! The database is no where near accurate. So...like the last comment made.....if it is so inaccurate...then what's the purpose of the website? Providing cluless FSBO's with wrong information so they can overunder price their homes?? Maybe they should have spent some of the millions of dollars they have on perfecting the system before they launched it!