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Zillow is dangerously useless to both buyers & sellers.

Profile picture for aseller

I have just deleted my sales listing from Zillow.  In my opinion it is useless to the point of being dangerous for both buyers and sellers.  Their Zillow estimates of value give false hopes to would be buyers and hurt sellers.   Their estimates seem to be based upon a permutation of the last selling price and the assessed value of adjacent properties less some arbitary percentage some pencil pushing bean counter thinks is appropriate.   The foolishness of Zillow's method may judged by my instance.  I bought my house 16 years ago.  In common with neighbours on my side of the road I have waterfront property - the other side of the road does not.  Much of the value of waterfront property is determined by its length on the water.  I have twice as much as my neighbors.  Houses my side sell much less often than the opposite side and when they do it's for a minimum of four times as much.  Zillow, being aware of their inadequacies and knowing they'd be overwhelmed with complaining emails, make next to impossible to contact them.   I could go on but I hope you get the picture.

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May 30 2008 - US

Replies (93)

Profile picture for klarek the realist
Contributions: 6616
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Since September 2009

This issue has been brought up before.  Zestimates are not perfect and Zillow makes no claims of accuracy that are contrary to what they report.  If you are unsatisfied, please direct your attention here.

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May 30 2008
Profile picture for mina36
Contributions: 3505

< yawn > going back to my nap now.

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May 30 2008
Profile picture for mckylie
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Have a nice "catnap" Mina!

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May 30 2008
Profile picture for mina36
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Thank you Mckylie!!!

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May 30 2008
Profile picture for aseller

Klarek, Did you really mean to expose your lack of intellect and education?   Without going into a full Deridian (Derridian) deconstruction of your post be advised that a double negative in one sentence is philosophically inept.  Do you realise how clumsy "no claims of accuracy that are contrary to what they report" is?  Also, I expect you meant dissatisfied instead of "unsatisfied."

 

I suspect you are the sort of person who has to have the last word.  So, reply and you'll have it.

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May 30 2008
Profile picture for mina36
Contributions: 3505
Either way, relying on Z estimates is pointless. If you are as intelligent as you want others to believe, you'd realize that.
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May 30 2008
Profile picture for mckylie
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What mina and klarek are saying is that the Zestimates are supposed to be estimates only and Zillow does have some sort of disclaimer.  I know that we can not stop some people from still taking them into account but there are other sites that do this as well - so what are you going to do??????

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May 30 2008
Profile picture for Waiting4Ever
Contributions: 683

aseller

keep the house

relax

go for a boat ride

 

anyways

 

good luck

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May 30 2008
Profile picture for mina36
Contributions: 3505

Da Kittehs

LUFF

boat rides!!!

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May 30 2008
Profile picture for mckylie
Contributions: 5017
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Since September 2009

LOL!

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May 30 2008
Profile picture for aseller

Mina36,  What makee you think I want other others on this board to think I am intelligent?  Are you confusing intelligence with informed?  Anyway, if I was intelligent I would have looked into Zillow before I listed with them.  So, since I didn't I acknowledge freely that I am stupid.  O.K. now?  And, I've since had further proof of that listing on Zillow is unwise.  But I won't mention it here, I'll just detail it on the discussion boards of Zillow's competition :-)

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May 30 2008
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rockinblu

Glen Carbon, IL

Contributions: 3071
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" Do you realise how clumsy "no claims of accuracy that are contrary to what they report" is?"

 

It's spelled well though.

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May 30 2008
Profile picture for mckylie
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May 30 2008

I agree with Klarek.

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May 30 2008
Profile picture for jdsdaddy
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I already knew the Zestimates were useless, but now that I've been informed they are "dangerously useless", I'll certainly be keeping my distance.  Thanks for the warning.

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May 30 2008
Profile picture for mckylie
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May 30 2008
Profile picture for klarek the realist
Contributions: 6616
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aseller, go ahead and attack my intellect because of one grammatical no-no if that's all you have.

 

I'll bet the zestimate is actually right.  You're probably such a dolt that you don't realize that our housing market is tanking and your crackshat aint worth jack.

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May 30 2008
Profile picture for K101
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"What makee you think I want other others on this board to think I am intelligent?"

 

Hmmmmm....

Without going into a full Deridian (Derridian) deconstruction of your post be advised that a double negative in one sentence is philosophically inept.

 

There you go.  Any other questions?

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May 30 2008
Profile picture for K101
Contributions: 6569

LOL

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May 30 2008
Profile picture for K101
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ziccups

LOL Mykylie ... Kitteh Springer.

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May 30 2008
Profile picture for mckylie
Contributions: 5017
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I have been saving that one up for the right time.  I think I found it!  :)

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May 30 2008
Profile picture for BtrL8ThnNvr
Contributions: 3871

aseller:  Don't you know I'm the only one around here who can correct other people on their spelling and language and double negatives?  Are you new?!

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May 30 2008
Profile picture for BtrL8ThnNvr
Contributions: 3871

mwahahahaha!!! LOL & mckylie's take this pic.  2 cute.

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May 30 2008
Profile picture for mpal.
Contributions: 4099

I'm curious about why listing on Zillow is unwise.  Zillow is the only site that I listed on that allowed me to update the "facts" that they had, place my property at it's correct address, and give my own estimate.  Trulia has my property on the wrong plot and will not let me change it.  We have a lane and a drive with the same name, Zillow allowed me to correct it, Trulia did not.  I have yet to meet an agent that will use any online site as a way to make a comp or to use as a way to make an offer.

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May 30 2008
Profile picture for BtrL8ThnNvr
Contributions: 3871

I already knew the Zestimates were useless, but now that I've been informed they are "dangerously useless", I'll certainly be keeping my distance. Thanks for the warning.

 

LOLPIMP :)

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May 30 2008
Profile picture for mckylie
Contributions: 5017
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Yeah, don't "true" comps come from house that have really sold?????

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May 30 2008
Profile picture for Mark75NYC
Contributions: 1331

aseller,

"Zillow estimates of value give false hopes to would be buyers and hurt sellers."

Your concern for the hopes of would be buyers is touching.  Really.  It's good to know that would be sellers out there looking to unload their overpriced real estate care about the hopes of would be buyers.

Your concern with Klarek's grammar, on the other hand, is hilarious; especially in light of this gem of yours:

"Zillow, being aware of their inadequacies and knowing they'd be overwhelmed with complaining emails, make next to impossible to contact them."

Here's a hint - "Zillow ... make next to impossible to contact them" might be proper Ebonics, but it's not proper English.

If you're going to criticize someone's post for grammar mistakes, you would look like less of an @ss if you made sure your own posts were perfect.

And speaking of perfect: Zillow isn't perfect, but it's the best real estate website of its kind out there right now. Zillow makes clear that its “Zestimates” are only possible starting points to consider when evaluating real estate. It sounds to me like you are simply venting your frustration -- over the plummeting value of your house and the lack of suckers/buyers willing to take it off your hands at an inflated price -- at Zillow. If your house is priced fairly, you will sell it soon. If not, that's your fault, not Zillow's.

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May 30 2008
Profile picture for mpal.
Contributions: 4099

Yup

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May 30 2008
Profile picture for mpal.
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aseller,

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May 30 2008
Profile picture for mpal.
Contributions: 4099

aseller,

I

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May 30 2008

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