How can you devalue a property every 30 days when there are no comps???YZillow YOU ARE NOT ACCUR

Zillows Zestimates ARE WRONG.
They will send you a price on your home and 30 days later send a lower price with no Sold comps.I am an agent so I know if anything was sold.
Zillow START DOING DUE DILIGENCE.
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February 10 2009 - Rancho Mirage
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Profile picture for interested_observer
"Zillows Zestimates ARE WRONG."

Don't use it then (and stop yelling).
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February 20 2009
Profile picture for sunnyview
Due diligence and ethics are impossible to get from a realtor who does not give them willingly. It always makes me feel bad for the good realtors that they have the same professional title as the crappy realtors.
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February 20 2009
Profile picture for Mr Caveat
all estimates, even your precious CMAs are merely opinions of value based on data available... if i were a betting sort, i might wager that your CMAs are based on much simpler metrics. now i ask you, if NO homes sold within a mile or 2 of this location then it seems obvious that no one would pay the inflated prices on local agents CMAs. maybe drop the home price to what zillow says and THEN we can see if it still wont sell?

i thought not
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February 20 2009
Hi Susan,
Zillow values almost every home in the country 3x per week. Home values are constantly changing due to new sales, new listings, and other factors which affect home values all the time.
You can find information about Zestimate accuracy here.
My colleague, Sara Bonert, who is our Director of Broker Services also blogged about this topic on Active Rain: http://activerain.com/blogsview/848811/How-Accurate-Are-Zillows-Zestimates
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February 20 2009
Profile picture for anderkin
One of the many differences between a realtor and a Zillowite is that the former is obliged to comply with standards of ETHICS as well as law.  Due diligence indeed!  What makes you think Zillowites give a fig about accuracy or accountability to anyone?  Zillowites have come to believe all  operations of this zyztem are protected by DISCLAIMER.  Unlike other publishers, they think they can KNOWINGLY publish inaccurate, damaging valuations with complete immunity from any sort of prosecution.  Unlike realtors, they don't have license to lose -- they think they've got nuthin to lose but start-up captial and license to do anything they please, regardless who suffers by Zillow malperformance or how much.  So . . . do you plan to do a lot of advertising on Zillow? 
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February 10 2009
 
Related Questions
where can I find home value zestimates for rancho mirage, ca 92270
Profile picture for Claire Hart
Latest answer by Claire Hart
June 08 2012 | 1 answers
How can you devalue a property every 30 days when there are no comps???YZillow YOU ARE NOT ACCUR
Profile picture for interested_observer
Latest answer by interested_observer
February 20 2009 | 5 answers
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