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Rainmaker
757,926
Kasey & John Boles
Jon Gosche Real Estate, LLC - BoiseMeridianRealEstate.com - Boise, ID
Boise & Meridian, ID Ada/Canyon/Gem/Boise Counties

I just read the article and I think sellers will like it.  It will have the same problem with automated valuation systems and agents will have to explain why Lending Tree doesn't know the real market value of their home and will also have to explain why their equity isn't as much as they think after 6-8% selling/closing costs. But, as a tool for consumers, I think they will like it and as a lead generator for lenders I think it will get the leads for refinancing or future buys.  It is a whole new world that keeps on changing and we all need to keep up with the times and technology. -Kasey

Jul 01, 2017 08:27 AM
Rainmaker
2,754,317
Kathleen Daniels
KD Realty - 408.972.1822 - San Jose, CA
San Jose Homes for Sale-Probate & Trust Specialist

I don't know.  I pay no attention to those companies.  

Jul 01, 2017 08:19 AM
Ambassador
2,341,239
Fred Griffin presently on Leave of Absence
Fred Griffin Real Estate - Tallahassee, FL
Licensed Florida Real Estate Broker

 

 Lending Tree rhymes with Spending Spree.  They want you to get a HELOC from them for that purpose.

Jul 01, 2017 11:54 AM
Rainmaker
1,495,890
Lyn Sims
RE/MAX Suburban - Schaumburg, IL
Schaumburg IL Real Estate

Never seen it yet & now, it seems like a copy-cat scheme. Good luck with it bone-heads.

Jul 01, 2017 11:51 AM
Rainmaker
1,264,921
Carol Williams
Although I'm retired, I love sharing my knowledge and learning from other real estate industry professionals. - Wenatchee, WA
Retired Agent / Broker / Property Manager

It's all about getting a piece of the leads pie for financing or refinancing.  

Jul 01, 2017 08:55 AM
Rainmaker
995,163
Anthony Acosta - ALLATLANTACONDOS.COM
Harry Norman, REALTORS® - Atlanta, GA
Associate Broker

Will have to wait and see.

Jul 01, 2017 08:49 AM
Ambassador
4,005,723
Bob Crane
Woodland Management Service / Woodland Real Estate, Keller Williams Fox Cities - Stevens Point, WI
Forestland Experts! 715-204-9671

Seems like everyone has one these days, and some seem pretty close, others not so much.

Jul 01, 2017 08:36 AM
Rainmaker
719,586
Doug Dawes
Keller Williams Realty - Topsfield, MA - Georgetown, MA
Your Personal Realtor®

That is an interesting question and I will be waiting to see the answers you receive Roy Kelley 

Jul 01, 2017 08:10 AM
Rainmaker
3,048,869
Tony and Suzanne Marriott, Associate Brokers
BVO Luxury Group @ Keller Williams Arizona Realty - Scottsdale, AZ
Serving Scottsdale, Phoenix and Maricopa County AZ

Kasey & John Boles nailed this one!

Jul 02, 2017 05:44 AM
Ambassador
4,297,836
Praful Thakkar
LAER Realty Partners - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

Roy Kelley - oh did not know there is one more...

Jul 01, 2017 11:38 PM
Ambassador
3,981,808
Debbie Reynolds
Platinum Properties - Clarksville, TN
Your Dedicated Clarksville TN Real Estate Agent

It can't be perfect but may be better than Zillow's. We will still have to explain the reason it is not accurate.

Jul 01, 2017 07:04 PM
Rainmaker
4,831,649
Barbara Todaro
RE/MAX Executive Realty - Franklin, MA
Marketing Agent for The Todaro Team

just what the general public needs....another opinion of value from those who are not real estate agents....

Jul 01, 2017 12:58 PM
Rainmaker
1,523,282
Sybil Campbell
Long and Foster REALTORS® 5234 Monticello Ave Williamsburg, Virginia - Williamsburg, VA
REALTOR® ABR, SFR, SRES Williamsburg, Virginia

What Kasey & John Boles said.

Jul 01, 2017 12:16 PM
Rainmaker
4,274,839
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Roy,

Everyone is an expert these days.  I think that Kasey & John Boles makes a good point.  A

Jul 01, 2017 11:55 AM
Ambassador
1,596,508
Joe Pryor
The Virtual Real Estate Team - Oklahoma City, OK
REALTOR® - Oklahoma Investment Properties

Like Zillow the data is incomplete. Algorithms can only do what is there.

Jul 01, 2017 11:47 AM
Rainmaker
975,928
Sam Shueh
(408) 425-1601 - San Jose, CA
mba, cdpe, reopro, pe

There are more online tools to get one confused and it can ruin your mind and life.

Jul 01, 2017 11:12 AM
Rainmaker
2,925,245
Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of Manchester NH's Leading Agents

I had not seen it, but will check it and test it out

Jul 01, 2017 11:00 AM
Rainmaker
3,132,064
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Everybody has an opinion now a days! Some are fairly good and others, well maybe not!

Jul 01, 2017 08:47 AM
Rainmaker
1,204,273
Ryan Huggins - Thousand Oaks, CA
www.HugginsHomes.com - Thousand Oaks, CA
Residential Real Estate and Investment Properties

Hopefully the margin of error is less, but it will never be as good as a physical review by a licensed professional.

Jul 04, 2017 10:11 PM
Rainmaker
3,037,886
Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

Have not seen their out here yet.

 

Jul 03, 2017 08:55 AM
Rainmaker
1,471,435
Inna Ivchenko
Barcode Properties - Encino, CA
Realtor® • Green • GRI • HAFA • PSC Calabasas CA

I think, the best way to get the most accurate information to contact a local realtor for a free consultation. Any automated systems will provide just an estimate. 

Jul 02, 2017 10:04 AM
Rainmaker
4,431,606
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

I have not seen it yet.

Jul 02, 2017 08:35 AM
Rainmaker
1,512,008
Sandy Padula and Norm Padula, JD, GRI
HomeSmart Realty West & Geneva Financial, Llc. - Carlsbad, CA
Presence, Persistence & Perseverance

Thanks for the alert. Anything to drive traffic to a website is all this 'game' is about. Sellers need to contact licensed real estate agents for a good, dependable market valuation and avoid these sites.

Jul 02, 2017 05:49 AM
Rainmaker
3,213,583
Michael Jacobs
Pasadena, CA
Los Angeles Pasadena 818.516.4393

I wasn't aware of it previously, thank you for the link, Roy.   It will be interesting to see if it is good for their business -- I mean that's what it's all about, right?   It's a conversation starter and a lead generation tool.   

Jul 02, 2017 03:49 AM
Rainmaker
2,937,399
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

It's a different approach and I trust none of them. None of them have ever been inside a neighborhood or a house to properly opine on value.

Jul 02, 2017 03:30 AM
Rainmaker
903,811
Thomas J. Nelson, Realtor, ePRO, CRS, RCS-D
Big Block Realty 858.232.8722 - La Jolla, CA
& Host of Postcards From Success Podcast

You can give a monkey a power saw, it doesn't make him competition for my contractor.

Jul 01, 2017 07:20 PM
Rainmaker
3,751,584
Dorie Dillard CRS GRI ABR
Coldwell Banker United Realtors® ~ 512.750.6899 - Austin, TX
Serving Buyers & Sellers in NW Austin Real Estate

Interesting and I agrreee with the comment from Kasey & John Boles 

Jul 01, 2017 07:15 PM
Rainmaker
724,969
Jeff Pearl
RE/MAX Distinctive / LIC in VA - Lovettsville, VA
Full Service Full Time Realtor

Can't say. I haven't compared, but I suppose they will be in the ballpark, with adjustments needed after seeing the house in real life.

Jul 01, 2017 04:52 PM
Ambassador
2,790,770
Anna Banana Kruchten CRB, CRS 602-380-4886
Phoenix Property Shoppe - Phoenix, AZ
Arizona's Top Banana!

here we go again......

Jul 01, 2017 02:49 PM
Ambassador
3,148,542
Debe Maxwell, CRS
www.iCharlotteHomes.com | The Maxwell House Group | RE/MAX Executive | (704) 491-3310 - Charlotte, NC
Charlotte Homes for Sale - Charlotte Neighborhoods

More erroneous computer valuations that we'll have to explain why they're wrong to buyers & sellers!

Jul 01, 2017 02:20 PM
Rainmaker
1,364,217
Michael Setunsky
Woodbridge, VA
Your Commercial Real Estate Link to Northern VA

Roy Kelley I don't know how it stacks up, but from a consumer standpoint they may lend more credibility to their values because they are associated with lenders. Zillow sucks in real estate agents to buy leads and Lending Tree will suck in lenders to buy leads.

Jul 01, 2017 10:32 AM
Rainmaker
4,001,407
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

I have not seen it, but should take a peek.

Jul 04, 2017 08:22 AM
Ambassador
1,613,368
Harry F. D'Elia
Real Estate and Beyond, LLC - Phoenix, AZ
Investor , Mentor, GRI, Radio, CIPS, REOs, ABR

play fair

Jul 02, 2017 02:13 PM
Rainer
111,983
Christine Kankowski North SD and Temecula
House Match Inc - Poway, CA
Excellent Sales and Property Management

Is it up and running? Sounds like it will be a creat comparison tool

Jul 02, 2017 07:29 AM
Rainmaker
4,796,409
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

I haven't seen this yet, I'll check it out, but I doubt it's any better than any of the others.

Jul 02, 2017 06:01 AM
Rainmaker
3,975,208
William Feela
WHISPERING PINES REALTY - North Branch, MN
Realtor, Whispering Pines Realty 651-674-5999 No.

I just worry more about my own back yard.

Jul 01, 2017 02:45 PM