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I Am A Local Real Estate Expert - Zillow Is Not

Reblogger
Real Estate Agent with Howard Hanna Real Estate Services

Here is a helpful post about Zillow written by Leesa Finley, a real esate agent in North Carolina. While it is nice for consumers to visit sites like Zillow to get information, it is important to understand that no site can replace the accurate information they can get from a local real estate agent. One of Zillow's purposes is to generate leads for agents, so please don't assume the statistics found on Zillow or similar sites are 100% accurate.

Original content by Leesa Finley NC #129285

I Am A Local Real Estate Expert - Zillow is Not

Wake Forest NC Real Estate AgentWhether you are thinking of buying a home or possibly selling your home you more than likely have stumbled upon Zillow and thought you hit the mother-load of real estate information!  It's a fancy site with Zestimates, has homes marked on a map that are either currently listed or have recently sold, and you can spy on your best friends home on the other side of town to see what it's worth and that's cool, right?  Wrong!  Well, if spying on your neighbor is cool to you then that's your business BUT if you are thinking of buying or selling a home then you want to steer clear of Zillow.

You see, I cringe when I speak with a buyer or seller and they come at me with all their research from Zillow.  They already have a predetermined listprice based on what they learned from Zillow or they think they already know if a home is over or under priced with information they received from Zillow.  Well, let me set the record straight - more often then not, Zillow is inaccurate.

Zillow is a computer generated program that acquires information from various sources and then runs it through a program to give you information based on a mathematical equation.  Trust me, there is no human sitting at a desk inputting data about all of the homes throughout the country.  What Zillow can not replicate and therefore will never be able to accurately price real estate is the human touch and the ability to physically see into other properties.

Zillow does not take into account upgrades and/or updates to a home or lack thereof.  It doesn't know:

  • While your home may have Formica countertops your neighbors have all upgraded to solid surface counter tops.
  • You have replaced your carpet, vinyl in the kitchen and bathrooms and updated the appliances while your neighbors have carpets that are worn thin, 15 year old outdated vinyl and brass fixtures from the 80s
  • ZILLOW DOES NOT KNOW THAT THE HOME NEXT TO YOURS WAS A FORECLOSURE ANDWake Forest NC Real Estate Agent THE PREVIOUS OWNER RIPPED OUT ALL THE CABINETS, TOILETS AND MADE OFF WITH THE COMPRESSOR UNIT TO THE HVAC.

All Zillow knows is what is found on other public sites - statistics.  There is no room for the human touch.

So, please, if you are thinking of buying or selling a home don't consider Zillow as your source for pricing.  It's a fun site - lot's of bells and whistles - cool tools and great graphics but that's about it.  If you are serious about buying or selling real estate then you want to rely on a real estate professional that can add the human element and knows your neighborhood and the local real estate market. 

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Whether you are buying or selling Real Estate in Wake Forest NC it just makes sense to use a Realtor® that knows the area!  I live here, work here and play here - I call Wake Forest NC home!  For more information regarding Wake Forest NC be sure to visit my websites:

  • Leesa Finley - Homes for Sale in Wake Forest NC, Wake Forest NC schools, restaurants, shops, entertainment and MORE....
  • Circa Properties - My company website with information for the entire Raleigh NC area including Cary, Apex, Garner, Franklinton, Youngsville, Holly Springs and MORE....

 

 

Comments (4)

Nick T Pappas
Assoc. Broker ABR, CRS, SFR, e-Pro, @Homes Realty Group, Broker/Providence Property Mgmnt, LLC Huntsville AL - Huntsville, AL
Madison & Huntsville Alabama Real Estate Resource

Dan & Amy, ahh yes Zillow and other similar websites.  This is a great post to re-blog because it gets the word out to buyers and sellers alike in this public forum.  I guess we all have clients that have been to Zillow and accept what they read there as fact and it's kind of hard to change their minds about it.  Anyway, I saw the word Zillow and had to stop.

Aug 02, 2010 02:41 PM
Dan and Amy Schuman
Howard Hanna Real Estate Services - Solon, OH
Luxury Home Specialists

Hi Nick, thanks for stopping by and commenting. Too many people view Zillow as a credible source of information and that is where they problem begins. It is a fine site, the information there is simply not as accurate as what an agent can produce.

Aug 04, 2010 01:21 AM
Shirley Parks
Sands Realty 210-414-0966 - San Antonio, TX
Broker, 210-414-0966, San Antonio TX Real Estate

Thanks for the reblog, Dan & Amy.  I missed this one.  Buyers and sellers give Zillow credibility that isn't there.

Aug 16, 2010 01:17 AM
Dan and Amy Schuman
Howard Hanna Real Estate Services - Solon, OH
Luxury Home Specialists

Shirley, thanks for commenting and glad you got a chance to read this post.

Aug 17, 2010 09:23 AM