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Westfield, NJ homeowner believes home is underpriced according to Zillow

By
Managing Real Estate Broker with David Realty Group

 vs

As an agent with the David Realty Group of Westfield NJ, I met someone who owns a home in Westfield NJ today who had their home on the market in the past but it did not sell. She engaged in this conversation with me once she found out I was a realtor with David Realty Group who sells Westfield Homes. The woman kept referring to how her home was underpriced when it was on the market next to all of the other homes in Westfield on her street. But none of the homes on her street has sold in recent years so where was she getting her information? Zillow. I then shared with her that Zillow did not have feet, and had never been in any home nor did Zillow have a brain b/c Zillow was not a person. I asked if her past agent had shared comparables with her and she said, “yes, that too”. But it sounded like her money was on Zillow and not on her agent! Zillow is a computer program that takes an average of the homes in the area and does not take into consideration the location of the home, the condition of home, nor the style of the home, etc. I just found it unfortunate that people would entrust a website and not their agent. By the end of the meeting she understood exactly my point. Real Estate today is a lot of Internet searching but it still is a people and things business where folks like to touch, feel and experience the house, neighborhood and its surroundings. What people are willing to pay for a home dictates price, NOT Zillow.
For a thorough analysis of the comparables in your market area, please call me, not Zillow!
Lorena Barbosa
Broker/Owner
David Realty Group
lorena@davidrealtygroup.com
201-638-6528

Posted by

Lorena Barbosa

Broker/Owner

David Realty Group

530 South Ave. W

Westfield, NJ 07090

201-638-6528

www.davidrealtygroup.com

lorena@davidrealtygroup.com

Tara Stone
eXp Realty - Alexandria Township, NJ
NJ Estates and Stables

great post Lorena...if I had $1 for ever homeowner or buyer that said.."Zillow Says The Home Is worth"..I'd be retired!

Feb 01, 2012 01:07 PM
Dawn Doherty
David Realty Group - Westfield, NJ

Lorena you could not have said it better, what people are willing to pay for a home dictates, price NOT Zillow. As a new sales associate working at David Realty Group  for a short time now have learned quickly how the internet, although gets your name out there, definately makes our jobs that much more challenging. 

Feb 01, 2012 02:31 PM
Roy Kelley
Retired - Gaithersburg, MD

Best wishes for great success in the ActiveRain network.

Have an outstanding February!

Feb 02, 2012 08:18 AM