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Zillow - For Entertainment Purposes Only

By Lanette Branch

Real Estate Agent with Taylor Properties 500436

August 12, 2010 02:26 PM

That's right, I said it.

Zillow - It's for entertainment purposes ONLY!

Type in an address, any address, wind 'er up and let 'er go!

BAM!

Your home is worth: 500,000

Yours? 437,000

And yours?

MAKE ME AN OFFER!

Go ahead, make me an offer!

I dare ya.

Ok, Z...I just bought all new appliances. I want 15,000 extra for those. They're top o' the line. The salesman said so. So, I"ll take ummm, er....say, 349,999 for mine. Nine rhymes with mine. Ha!

BAM!

Seller says 349,999 going once, twice...SOLD for 192,500**

That was very entertaining, if I say so myself,

Lanette in Bel Air

**That's Z-bucks - 192,500 Z-Bucks, folks.

BTW, if you're looking to sell your home and you'd like to know what your home is worth in today's market, call me. I'll do a professional CMA and let you know. I'll tell you in US Dollars, too, not Z-Bucks...'cause telling you your home's worth in Z-bucks just wouldn't be cool.

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Richard Weisser

Richard Weisser Realty - Newnan, GA

Richard Weisser Retired Real Estate Professional

Lanette...

Cute post about the famous estimates that start with "Z"

Featured in the Group "Whacked!!!"

Aug 12, 2010 02:31 PM

Robert Havana

Park and Protect- Alberta Real Estate License Parking - Calgary, AB

Alberta Real Estate License Parking

I see tons of listings where they flaunt the Zillow estimate in the ad, obviously because it is so inflated over the actual market value of the home. I am amazed that Zillow doesnt adjust itself so it isnt such a joke.

Aug 12, 2010 02:37 PM

Keith Bennett

Premier Mortgage & Real Estate - Santee, CA

haha, funny... I like it.

Wallace Ashby

Bison Properties - Portland, OR

I recently ran into this "zestimate" they come up on the listing side. The seller was adament that his home was worth $25K more just because Zillow said so. Ironically, no one reads the fine print about these estimates.

Aug 12, 2010 02:39 PM

Ralph Gorgoglione

Metro Life Homes - Palm Springs, CA

California and Hawaii Real Estate (310) 497-9407

Lanette,

You should check out my blogs and join our group called "Putting Zillow to the Test"

Aug 12, 2010 02:41 PM

Lanette Branch

Taylor Properties - Bel Air, MD

Bel Air, MD Real Estate Agent

Thanks, Richard et al.

Just simple-minded ramblings about one of my favorite sites - NOT.

Aug 12, 2010 03:12 PM

Marcy Moyer

eXp Realty of California Silicon Valley Probate, Trust, and Investment Sales - Mountain View, CA

Probate, Trust, and Investment Specialist

I love zillow, when they agree with me. i must say they are more accurate than cyberhomes on epraisals.com

Aug 12, 2010 04:51 PM

Team Honeycutt

Allen Tate - Concord, NC

I think they are totally useless. The only time they help is when the buyer sees that they bought the home for much lower than the Zillow estimate - then they think we are wonderful for getting them such a deal!

Aug 13, 2010 02:17 AM

Jennifer Prestwich

Henderson, Thornton, Broomfield and Westminster - Henderson, CO

Madison & Co Properties

Funny how Realtors (including me!) find Z to be in the useless category, but so many homeowners consult it like it's the bible! I am constantly reminding my husband that those zestimates aren't very realistic, though I truly wish they were.

One of my favorite things when you consult a Z map of neighborhood values is when the alley is valued at $699,000!

Aug 15, 2010 12:39 PM

Michael Delaware

North Sky Realty LLC - Battle Creek, MI

REALTOR®, CRS, GRI

A sad, but very funny accurate presentation on Zillow. I wish more people could see this post that are taken in by that site.

Aug 16, 2010 01:52 AM

Zillow - For Entertainment Purposes Only

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