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Answers (13)
- Vince Curtis, "SoCal Appraiser"
- Contributions:4699
@bauspar - I would start a new question or discussion if you had one instead of rising a old question from the dead.. . .
- bauspar
- Contributions:4
so there are 496 units why do some have data and others don't. It's not hard to get the data from the tax records. I looked up the tax bills for units to make a chart of those over and underwater based on sq footage and current property tax bill.
- wetdawgs
- Contributions:26784
@bauspar: when this (see below) is the property info associated with a residence, it isn't surprising Z is off the mark. Better estimates come with better data.
- bauspar
- Contributions:4
Examples of way off the mark:
http://www.zillow.com/homedetails/950-Duncan-St-APT-106E-San-Francisco-CA-94131/2137046532_zpid/
http://www.zillow.com/homedetails/215-Red-Rock-Way-APT-J301-San-Francisco-CA-94131/2146992887_zpid/
http://www.zillow.com/homedetails/940-Duncan-St-D-San-Francisco-CA-94131/2138170201_zpid/
http://www.zillow.com/homedetails/95-Red-Rock-Way-APT-204M-San-Francisco-CA-94131/2137046494_zpid/
Not even close!
Current listing for 2 bdrm is 419k been listed 3 times and is short sale will likely sell for 375k which means the entire complex is way over priced. This complex is black listed because of HOA litigation so no longer facilitates traditional mortgages. No liquidity. No court is going to rule in favor of a bank over an 80 year old woman. They are just not going to evict her. So litigation could go on for 15 years. In the mean time potential buyers can not get a loan thru underwriting.
http://www.zillow.com/homedetails/950-Duncan-St-APT-106E-San-Francisco-CA-94131/2137046532_zpid/
http://www.zillow.com/homedetails/215-Red-Rock-Way-APT-J301-San-Francisco-CA-94131/2146992887_zpid/
http://www.zillow.com/homedetails/940-Duncan-St-D-San-Francisco-CA-94131/2138170201_zpid/
http://www.zillow.com/homedetails/95-Red-Rock-Way-APT-204M-San-Francisco-CA-94131/2137046494_zpid/
Not even close!
Current listing for 2 bdrm is 419k been listed 3 times and is short sale will likely sell for 375k which means the entire complex is way over priced. This complex is black listed because of HOA litigation so no longer facilitates traditional mortgages. No liquidity. No court is going to rule in favor of a bank over an 80 year old woman. They are just not going to evict her. So litigation could go on for 15 years. In the mean time potential buyers can not get a loan thru underwriting.
- mkgkrause
- Contributions:5
I Stan used the link this am and sent all of the data. Please let me know if you got it. Thanks
- Stan Humphries, "Stan Humphries"
- Contributions:50
Hi mkgkrause. Wetdawgs' comment below has the correct link. Give us the address and some background and somebody from my team will look into it to see if it's within the expected tolerance or whether there is something systematic going on in your area.
Regards,
Stan
Regards,
Stan
- Blair Jones, "BlairJones"
- Contributions:84
Remember that Zillow is only an estimate. No one inspects the house, sees the interior, knows the neighborhood... Some are very close, others are way off! I always tell me clients to take what Zillow says with a grain of salt. If they are curious to what their value is, it's best to have a CMA (Comparative Market Analyis) done by a local Realtor, or pay for an appraisal.
- William Metzker, "MrLiam"
- Contributions:209
I'm working with a transaction where the seller and buyer each retained their own appraiser. They were $35,000 apart in cakuating the same house. Each one was paid $400-$500. The lender's apraiser, by the way, came in with a different number.
I do not understand why people expect free services, such as Zillow, to be as good or better than trained professionals who charge several hundred dollars. Zillow's valuations are what they are, and have never meant ot be anything more than a starting point.
I do not understand why people expect free services, such as Zillow, to be as good or better than trained professionals who charge several hundred dollars. Zillow's valuations are what they are, and have never meant ot be anything more than a starting point.
- hpvanc
- Contributions:2567
If the new algorithm has caused the Zestimates to be as far off as many believe, even if it is temporary it should reduce the over reliance on Zestimates as an indicator of value that some believe is occurring. Some zestimates are way off, and always have been, it is equally true of other AVM sites as well, Zillow gets the brunt of the complaints and rightly so because they have the largest readership.
- Dunes....
- Contributions:3894
As long as people like you speak up (and many have) and keep speaking up then they HAVE to Listen IMO...
Because Zillow is a Business and those who run it, those who have invested in it don't wish this sort of thing to spread..it's bad for Business
June 26, 2011..ABC 15.com
Phoenix Az.
Because Zillow is a Business and those who run it, those who have invested in it don't wish this sort of thing to spread..it's bad for Business
June 26, 2011..ABC 15.com
Phoenix Az.
- mkgkrause
- Contributions:5
thanks for your answer. I have a dumb question I cant find any link with zillow such as customer service to send them an email. Do you know there email address?
- wetdawgs
- Contributions:26784
They are listening. If you have a specific example of "way off" that you wish to share with them (and justification why it is more 'way off' than Zillow statistics suggest it may be), then E-mail the example to customer service.
how do you ever get these zillow guys to recognize they are way off the make on their estimates
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