Zillow May Not Be Ready For Prime Time

re: Zillow May Not Be Ready For Prime Time

Rob Littke — Fri, 27 Feb 2009 14:56:57 GMT

There are two problems with Zillow that I find serious. I won't even elaborate on the comps. we already know that you can't rely on them at all. The second problem could get any realtor in trouble with his license. I went to post a home and typed in the address and loaded the ad, when I was finished and published it the house came up with all my information, and the last realtors information as well as the his photos from before the house was remodeled over a year before. I had no way of removing his information and photos which I don't have the right to use. And he has no right to be advertised on a listing that he doesnt have and he is!! I contacted him about it and he's had the same problem and has not been able to edit or delete listings. There are serious liability issues with this. BE CAREFULL!!

RE:Zillow May Not Be Ready For Prime Time

viper — Tue, 20 May 2008 11:00:00 GMT

Simply put, Zillow.com is not accurate on statistics that should be concrete and factual. Zillow should not be relied on for sales price info or purchase price info. Why would I say this...well I know for a fact the latest sale price on my property and surrounding properties which have all been reported higher than factual on zillow. My house and surounding houses ranging from 200 to 250k true purchase values have had false zillow purchase values with overestimates of 20 to 50k listed on their site. Sound like a scam...does to me.

RE:Zillow May Not Be Ready For Prime Time

Holly — Sun, 08 Apr 2007 11:00:00 GMT

A buyer recently referenced Zillow when making an offer on my house.... Zillow doesn't acknowledge I have two houses on one lot - it's missing a whole house! When I try to add any bedrooms or baths the estimate keeps going down... I didn't take the offer.... but Zillow did say my house(s) went up $995 this month.... considering I'm in Palm Beach County.... I'll take it!

RE:Zillow May Not Be Ready For Prime Time

Jon — Mon, 02 Apr 2007 11:00:00 GMT

I sold my house in February 2007 at a fair market value which is $50K more than Zillow's estimate and it sold in a month. One person tried to lowball me using Zillow's website as a comparable. I laughed and never responded to their offer.

RE:Zillow May Not Be Ready For Prime Time

Ron — Fri, 19 Jan 2007 13:00:00 GMT

Zillow is a JOKE. I just checked my two homes, one is over estimated by $60,000 the other is underestimated by $50,000. Realestateabc.com is much more accurate.

RE:Zillow May Not Be Ready For Prime Time

congressional aid to member of housing committee — Sun, 24 Dec 2006 13:00:00 GMT

What a fake post. It's "aide" not aid and do you know what the difference is between realtor and real estate agent? Highly doubtful. I could go own but you're a fraud so why bother. There is already a complaint with the FTC concernng zillow. Maybe, zillow will have the link on their site for the faithful to read.

RE:Zillow May Not Be Ready For Prime Time

Congressional aid to member of housing committee — Sun, 10 Dec 2006 13:00:00 GMT

TO ALL REALTORS OUT THERE. We investigated real estate transactions and found that the buyers agent and the sellers agent are working together to sell properties for the highest value possible regardless of the buyers agent fiduciary duty to get the lowest priced bid. We are working on a bill to stop the use of charging a % value and go to a % free system. Real estate licenses are granted by the gov't and anyone that tries to circumvent this will have their licenses pulled indefinitely.

RE:Zillow May Not Be Ready For Prime Time

Peter — Tue, 31 Oct 2006 11:00:00 GMT

Even with the problems, Zillow is a useful tool. It should not be relied on in a vacuum, just as you shouldn't solely rely on "comps". I think Zillow will only get better with time...

RE:Zillow May Not Be Ready For Prime Time

Gail — Mon, 18 Sep 2006 11:00:00 GMT

The zestimate doesn't work. Our house has 4 baths while zillow only lists 3.5. In making it a full 4 in the zestimate, the estimated price went down!

RE:Zillow May Not Be Ready For Prime Time

bill — Mon, 24 Jul 2006 11:00:00 GMT

What exactly is Zillow using to get there grossly inaccurate figures. They seem to largely ignore recent sq. ft. price comps. Will they ever get out of Beta mode - no one will ever pay for access without much greater accuracy.

RE:Zillow May Not Be Ready For Prime Time

Dave — Tue, 11 Apr 2006 11:00:00 GMT

I imagine real estate agents are sabotaging any information they can to influence valuations and keep dropping prices from being apparent right now, similar to influencing Google listings. This site another step in making their high percentages unnecessary to sell or buy a house. I love having all the information agents make you jump through hoops for. Anyone who would count on a Zestimate is nuts, just like anyone who makes a full-price offer on a listed house in a normal market is nuts.

RE:Zillow May Not Be Ready For Prime Time

Craig Williamson — Mon, 03 Apr 2006 11:00:00 GMT

Real estate appraisers are always concerned about AVM's and the negative effect they may have on their business. As a real estate appraiser, I have been running a Zillow report every time I do an appraisal. In some instances it has been "in the ballpark". In other instances, it is way off the mark. I just appraised a home for $40,000 which Zillow indicated was worth $74,000. Anyone placing reliance on Zillow in this instance would be in big trouble. I'm resting easier these days.

RE:Zillow May Not Be Ready For Prime Time

Dave — Tue, 28 Mar 2006 11:00:00 GMT

I recently visited zillow and found the site to be very well organized and very useful. The zestimates are less than reliable to say the least but in the areas I have searched (SE PA) you can find a lot of informatoin on comparable homes which appear to be actual property transfer amounts to inlclude the home's SF, #of Bedrooms, Baths, etc.. Also the GPS graphics show you exactly where the house is in relation to the target home. I love the site.

RE:Zillow May Not Be Ready For Prime Time

Edog — Tue, 28 Mar 2006 11:00:00 GMT

This is simply a case of change in an industry that is ripe for it. The choice that people need to make is are they fearful of the change or excited by it? Zillow is only a piece of what's coming, but an information revolution of the real estate industry is happening. Do you want to fight it or take advantage of it?

RE:Zillow May Not Be Ready For Prime Time

Gene — Mon, 27 Mar 2006 11:00:00 GMT

No matter what effort someone makes, there is always folks who are "against it". Find fault with everything. Almost no constructive criticism. Beta, If you don't understand the term Beta, you most likely shouldn't have a computer. My property apraised conservatively at $292,000 30 days ago. Zillow has it at $300k.