At our office meeting the top of Zillow came up. It is no secret to any of you that know me that I have never, ever been a fan of Zillow and in fact have been very critical. My point is this: If homes are appreciating at 3% a year in Seattle Washington and depreciating 6% or more in Detroit Michigan with the rest of the country somewhere in between, how can any national company accurately value homes day in and day out?
In our office meeting are Broker mentioned that some of his clients went on-line to Zillow's website and were told their home was worth around $210,000. Our Broker stated after doing a good market analysis the final list price was $123,000!
I spoke to some other agents after the meeting and many of the their clients are logging onto Zillow and being deceived as to the true market value of their homes.
There is no replacement for a true professional REALTOR and no website or national company of any kind is ever going to simplify the process.
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Posted By: George Tallabas - Boise Idaho Real Estate Agent - Associate Broker
with RE/MAX Advantage, Canyon Counties #1 Brokerage in sales and listings
specializing in Boise Idaho Real Estate and Southwest Idaho Real Estate.
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