Profile picture for colkelly

CNBC and WSJ question your reliablity..a I watn to know how can 2 neighboring houses

cnbc and wsj question your relieablity and value. I cant figure out how 2 neighboring houses with identical stats--can differ by $100K --are you relying on court data.? or grouping neighborhoods so houses next to each other could be in differnt subsets..and why are you so secretive about how it is formulated??
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July 09 2009 - Warwick
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Are the houses truly identical? Was the sales price and date the same? How about the assessed value from the tax office? Lot size, square footage, bed/bath count? Very few houses are identical even if they were built and initially sold for the same amount at the same time. The differences between them may not show clearly on the site, but Zillow has to use the public record numbers that they have along with what owners tell them. Zillow is not an appraisal and that is why they provide a Zestimate along with a range. As for secrecy, Zillow is a business. Why would it benefit them to share their business information with others? I don't see Coca Cola sharing their formula anytime soon.
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July 09 2009
What are the addresses of the specific homes you are wondering about?
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July 09 2009
For once I actually for the most part agree with sunnyview.  Although I am not so sure the arrogant tone of the reply is completely necessary.
The most important part sunnyview's comments is that

"Zillow is not an appraisal."

Good Luck,
Chris
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July 09 2009
 
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CNBC and WSJ question your reliablity..a I watn to know how can 2 neighboring houses
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July 09 2009 | 3 answers
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