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Answers (7)
Best Answer
- CookieGourmet
- Contributions:6
Zillow is downgrading neighborhoods that are excelling in real-property sales. They ignore schools and districts after I have sent letters and e-mails asking them to correct their data. They have wrong/lower home prices and evaluations. Zillow does not take county and ammenities into consideration. These poor - extremely innacurate and low estimates on homes causes panic in neighborhoods and leads residents to contest their taxable value. The trickle down for small towns is critical to keeping the services we have provided and now provide for our residents.
- HateShadyInvestors
- Contributions:3
There is no argument that home prices fell drastically. It's a reasonable complaint agains Zillow that doesn't matter even when two unrelated, unbaised, certified home appraisers assess value 60 - 70k higher, zillow published a grossly under valued amount. That mislead potential buyers to think a fairly priced property based on a professional assessment from two independent appraisal firms, amenities, premium upgrades, turn key condition, are over priced. Zillow's downgrading all properties in an area because of a few distressed sale values do, in fact, dictate neighborhood price adversely. Zillow should not be allowed to publish randomly without benefit of individual property facts. It's just wrong, wrong, wrong. It's counter to stablizing the market.
- SteadyState
- Contributions:787
Zillow is part of the secret society that runs the world that meets in Switzerland two times a year - the President of the US, PM of UK, Chancellor of Germany, etc., CEO of Zillo, CEO of Goldman Sacs, etc. must attend the semiannual meeting to receive marching orders!
(:-)
The market went up - I am happy.
The market went down - someone screwed me ! Sue them!!!
How do such people survive?
(:-)
The market went up - I am happy.
The market went down - someone screwed me ! Sue them!!!
How do such people survive?
- Pasadenan
- Contributions:21460
Zillow has absolutely no impact on prices of any-kind anywhere in the nation. They only track trends; they have no ability to establish them. They set no "prices" of any kind; only owners and agents do that. For each area, there are just as many estimated high as there are estimated low. That is the nature of the modeling.
The real issue is an artificial "bubble" created by NAR false advertising, and HUD housing/lending policies lobbied for by NAR.
Yes, it is true that the counties have gotten used to ripping off the public for the extra tax dollars, but at least with Proposition-13, those that didn't buy during the bubble are not forced to pay those outlandish taxes that provide no useful services.
The real issue is an artificial "bubble" created by NAR false advertising, and HUD housing/lending policies lobbied for by NAR.
Yes, it is true that the counties have gotten used to ripping off the public for the extra tax dollars, but at least with Proposition-13, those that didn't buy during the bubble are not forced to pay those outlandish taxes that provide no useful services.
- HateShadyInvestors
- Contributions:3
Yep. The way Zillow dictates price downgrades, especially in North County San Diego markets, takes away any incentive to put money into owner occupied properties. Perhaps Home Depot, Lowes, and building contractors, as well unfairly affected home owners should file class action suit. Zillow should not be allowed to publish a random value without property owner's consent or consider accurate assessment.
- Don Greenberg
- Contributions:261
People see the actual Zestimate figure and over-react. The amount of posts that say my home is undervalued how do I raise it, it is mind boggling. Click on your property and you will see a range (while it is large) that your home is worth. There are so many factors that go into a value of a home and it would be nice to see Zillow take the next step and look at school zones and school ratings as well as other postive or negative community features.
I think the shear volume of Zestimates offers is quite impressive. It is only a matter of time before Zillow can narrow down that large range. Time will tell.
I think the shear volume of Zestimates offers is quite impressive. It is only a matter of time before Zillow can narrow down that large range. Time will tell.
I don't think they are deliberately manipulating home valuse as that presumes a level of capability that they are not competent of achieving. From my experiences on this site I have seen so many errors, and it is obvious that zillow doesn't have the infrastructure or resources to provide accurate valuations on homes. What I don't understand is their absolute refusal to correct obviously incorrect zestimates when requested by homeowners to do so. It's almost as if the 'zestimate' is written in stone and cannot be challenged.
Is Zillow owned and operated by Investment Managers who are deliberately manipulating home values?
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