Why Zillow doesn't work

By
Real Estate Agent with Charles Rutenberg Realty of Illinois

I just Zillowed my own house and it was off by about $35,000 today.  Good thing I can check my numbers, since I'm a licensed Realtor!  It's a good idea for all home sellers to get a reality check and dig a little deeper for a list price.  Your neighborhood Realtor can help streamline the pricing process by helping you get the "bad eggs" out of the analysis.  Not only will they give you an objective price,  they have the ability to filter out the foreclosures, short sales and other "dings" in your market to show what a bank or appraiser will see.  Unless your bank or appraiser uses Google or Zillow as well (let's hope not!)  But, when used correctly in a CMA, the filters will eliminate REO's, Short sales, distress sales, etc to reveal a true market value instead of a $40K-$60K off market price guess.  And that puts more money in a home seller's pocket!

Posted by

Jennifer Kinzle
Charles Rutenberg Realty, e-Pro 

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Posts to Localism
Chicagoland and Northern Illinois Real Estate
Tags:
zillow
list price
filters
short sales
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Rainmaker
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Ginger Harper
Coldwell Banker Sea Coast Advantage - Southport, NC
Your Southport~Oak Island Agent~Brunswick County!

I have wondered that too.

 

Mar 29, 2009 09:43 AM #1
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Rainer
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Jennifer Kinzle

Top Rated Kane County Agent!
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