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LOL - the Z-estimate is a wee bit off..off by a digit

By Women of Westchester Working Together

Home Builder with Women of Westchester Working Together

July 02, 2014 04:36 AM

I was just in Starbucks and googled the address for my next appointment. I wanted to see how far away it was and see the pictures, which would make it easier to find the house.

My jaw dropped a bit when I saw the Z-estimate. Yes, it was over $5 million. Now, I have been to $5 million dollar houses, and plenty in the $2 - $3 million range and tons of million to $2 million dollars. But, this one just didn't sound right for the zipcode, nor the area of town.

No picts available, but it was just a 3 bedroom house. I scrolled down and saw the last sale was for $425,000. So maybe they meant it was now valued at $501,000? Who knows.

I will find out at 3:00.

Hey Zillow - You have a glitch in your system!

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John McCormack, CRS

Albuquerque Homes Realty - Albuquerque, NM

Honesty, Integrity, Results, Experienced. HIRE Me!

Oh yes they seem to have constant glitches in my opinion. I'm not a fan.

Jul 02, 2014 11:44 AM

Jon Kolsky

Kolsky Realty & Management - Long Beach, CA

Licensed California Real Estate Broker

this picture says it all!

Jul 02, 2014 11:53 AM

Dagny Eason

Dagny's Real Estate - Wilton, CT

Fairfield County CT, CDPE Homes For Sale and Condo

I LOVE Jon's picture! That's the BEST!

Jul 02, 2014 12:29 PM

Women of Westchester Working Together

Women of Westchester Working Together - West Harrison, NY

Women helping Women get ahead

John - Yes, that's for sure. It was supposed to be around $500. T ha $506

Jon - OMG LOL ROFL. Hilarious.

Dagny - Me, too!

Jul 02, 2014 07:48 PM

Joe Petrowsky

Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709 - Manchester, CT

Your Mortgage Consultant for Life

Good morning Debbie. Your story repeats itself daily. The one thing this company does well, is make money, accuracy not required.

Jul 02, 2014 08:37 PM

Suzanne McLaughlin

Sabinske & Associates, Inc. (Albertville, St. Michael) - Saint Michael, MN

Sabinske & Associates, Realtor

If the public continues to click on them, and agents sign up, they will continue to spew their Zestimates. Ugh!

Jul 05, 2014 12:19 AM

Joe - Yes, I think you're right.

Suzanne - Yes, unfortunately, that's true.

Jul 05, 2014 12:28 AM

Debbie Laity

Cedaredge Land Company - Cedaredge, CO

Your Real Estate Resource for Delta County, CO

I like Jon's picture, too.

I wish the consumer would stop relying so much on zillow. Last summer I worked with an out of the area seller that was so sure zillow knew more about the market then I did. We eventually ended up selling his house for what I told him it would sell for. But it took me three months to get him to that price point.

Jul 05, 2014 08:10 AM

Debbie - OMG that is ridiculous. People do get hung up once they have a benchmark, even if it's wrong.

Jul 05, 2014 09:20 AM

Steve Ewing - Keller Williams Realty

Keller Williams - Stockton, CA

Once a number is in the mind of a seller there is no removing it no matter what. The number is what they saw and that is what they believe. Do not confuse them with facts and accurate information, the number is the number. A great disservice is done to all of us when erroneous information is spread around on the internet. Oh wait, it is on the internet so it must be true...

Jul 09, 2014 03:42 AM

Steve - LOL. How true. but, in this case, she would know she could never sell for $5 million.

Jul 09, 2014 09:43 AM

LOL - the Z-estimate is a wee bit off..off by a digit

Comments(11)

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