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Home Sellers, Buyers, and Realtors Beware of Zillow's Zestimate

By
Real Estate Agent with Tierra Antigua Realty

Zillow seemed like a good thing for Realtors in the Tucson Real Estate market. Allowing Realtors to assist Sellers in getting their home before more Buyers when Zillow announced Q&A. Being reasonable, I thought I would give Zillow a try. Maybe things had gotten better. I ran one home for a while to test it. No Zestimate came back on it. It seemed like a good forum to get offer one more service for my clients. So, today I entered another home. Boy was the Zestimate off.  

My partner and I ran independent comparisons and came up with similar information. Three other Realtors who competed for the listing came up with... Read the rest of this entry »

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Todd Clark - Retired
eXp Realty LLC - Tigard, OR
Principle Broker Oregon

Great advice on Zillow. It is usually off by thousands and never in the right direction when it comes to pricing your home correctly. Either you give your home away or it is priced way to high and it sits on the market forever. I've seen one in 100 absolutly correct!

 

 

Apr 25, 2007 05:15 PM
Patrick Harfst
Realty Executives - Phoenix AZ - Gilbert, AZ
Skeptical of Z-low from the get-go. Still am. The C&D from the Attorney General is a political move, but does send a message about accountability. Z-low has none. Lipstick on a pig.
Apr 25, 2007 05:32 PM
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KJHGF - Arviat, YN
You are right, I checked out the site myself and several homes have changed hands in my neighborhood and the prices are way off. I wonder how they come up with these prices. Is it that they don't update the information or just make it up as they go?
Apr 25, 2007 05:35 PM