Profile picture for bodebode

What help can Zillow possibly be? Their zestmates are off by as much as 30%!!

Zillow obviously have no field people or employees who just have no idea. When Zillow suggests that a property is appraised @ $330k and a professional appraiser says $405k "conservatively", what are we supposed to think? C'mon Zillow!! Get on he ball or get lost!.
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August 26 2011 - US
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When it comes to realistically pricing and selling a property, appraisers typically compare up to 6 properties and then add or subtract features, square feet, improvements and other variables.  Typically they can go back up to 12 months but in todays market, 3 to 6 months is more realistic on what a property will typically sell for.   That's a huge difference, would like to know what area/location and particulars of the property.  My statistical numbers are usually right on the money.  Keep in mind appraisals can vary depending on refinance, insurance quotes, re-sale, FHA or Conventional Financing.  Also, a lot of markets drastically changed in a very short period of time depending on Short Sales & Foreclosures, lots of variables in a price.

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August 27 2011
Profile picture for Pasadenan
Zillow uses the estimates to create market indexes, and there is a huge demand for good market indexes, so of course they are going to bother; not to mention, they create site views which drives advertisement revenue and helps agent's sell the properties they list on the site.

The National Association of Realtors'® "talking points" are extremely FRUSTRATING and aren't "right", but are flat out LIES!.

I don't know why Realtors® bother.  It appears they are just desperate or something.

Boycott the National Association of Realtors®

Join the American Association of Realty Agents instead.
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August 28 2011
I love how you say that. It is frustrating...Zestimates aren't right. I don't know why Zillow bothers.
Stay with your appraiser
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August 27 2011
Profile picture for Pasadenan
I believe you mean it is a birds-eye view from MicroSoft Bing's website, which is from Pictometry International Corp.  At least that is what the copyright information in the photos indicate.

They are not even loaded onto the website at all!  If nobody bothers to load any images for the specific property, it uses the Geocode to reference an image from MicroSoft Bing.

The images are not used at all for the estimates, so they are completely irrelevant.  The commercial satellites only pass the same spot on earth about once every 2 years, and if their is cloud cover when they pass, those images have to be tossed out.

If you want current photos, you have to post your own.  Nobody is planning on doing it for you.

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August 27 2011
Profile picture for bodebode
Thanks . . . . .  and I do realize that it's only an estimate. Property is in 97008
picture they show is a 5 yr old google aerial view
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August 27 2011
Profile picture for Pasadenan
It is a machine editorial/opinion!  Some CMA's are more than 80% off of present market value.  Some "list prices" are more than 150% off of present market value.  If you don't find it "helpful", you can always try:

homesand.net

or

realquest.com express

or

eppraisal.com

What are you supposed to think?

Boycott the National Association of Realtors®
Join the American Association of Realty Agents instead.
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August 27 2011
 
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