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@pvs 7628
Maybe the ACLU will take the challenge of taking on Zillows intransigence towards homeowners who they right roughshod over if enough disgruntled people bring the issue to the ACLU attention. There is a thread on this topic which you might find interesting.
http://www.zillow.com/advice-thread/Is-it-time-that-the-ACLU-takes-action-against-Zillow-for-it%27s-intrusive-and-unwanted-Zestimates/424637/
Maybe the ACLU will take the challenge of taking on Zillows intransigence towards homeowners who they right roughshod over if enough disgruntled people bring the issue to the ACLU attention. There is a thread on this topic which you might find interesting.
http://www.zillow.com/advice-thread/Is-it-time-that-the-ACLU-takes-action-against-Zillow-for-it%27s-intrusive-and-unwanted-Zestimates/424637/
- pvs7628
- Contributions:12
Keep Complaining and add an owner comment to your home page. These guys are ruthless and sit behind a computer screen and let a program determine home values - they are part of the housing crisis! I'd just ignore them, but I find it fun to bash them at every opportunity - my right as a home owner that is listed on THEIR website - fair game
- Cindy Quinton, "Cindy Quinton"
- Contributions:1334
I take "media company" to mean they sell advertisement. They don't sell real estate; they sell ad space for all intents and purposes. What they don't sell is real estate, they just advertise it, and allow buyers, sellers, and brokers to make conections. I. E. "media company."
Well this is what the Investor relations page of the Zillow website says I didn't see any reference to being a 'media company'
Our mission is to empower consumers with information and tools to make smart decisions about homes, real estate and mortgages.
What We Do
Zillow is a home and real estate marketplace dedicated to helping homeowners, buyers, sellers, renters, real estate agents, mortgage professionals, landlords and property managers find and share vital information about homes, real estate and mortgages. We are transforming the way consumers make home-related decisions and connect with real estate professionals.
It starts with our living database of more than 100 million U.S. homes - including homes for sale, homes for rent and homes not currently on the market. Add to that Zestimate® home values, Rent Zestimates and lots of other useful information you won't find anywhere else, and as a result, consumers are given an edge in real estate.
In addition to Zillow.com, we also operate Zillow Mortgage Marketplace, where borrowers connect with lenders to find loans and get the best mortgage rates; and Zillow Mobile, the most popular real estate mobile platform today. http://www.zillow.com/cor ... About.htm
http://www.zillow.com/corp/About.htm
- Rachel Rosen, "RachelRosen"
- Contributions:1500
@ David Barr,
We're not real estate agents or brokers. We're a media company.
We do not say we are "real estate experts." We encourage consumers to talk to their local real estate professional for advice.
@ Kate Reilly,
Unfortunately, there is no national database with all the school district boundary lines. Home owners can edit their school information by Editing their home facts
We're not real estate agents or brokers. We're a media company.
We do not say we are "real estate experts." We encourage consumers to talk to their local real estate professional for advice.
@ Kate Reilly,
Unfortunately, there is no national database with all the school district boundary lines. Home owners can edit their school information by Editing their home facts
- Kate Reilly Lund, "Kate Reilly Lund"
- Contributions:18
Buyers and Sellers should not depend on the Zestimate provided by a computerized program that is gathered through resources that are not accurate to the areas, the correct and complete sold properties available and the uniqueness of most properties.
In addition to the poor evaluations that sometimes result, I have had homes in Hunterdon County New Jersey listed with schools in Bucks County PA. There could not be a greater difference than these two counties.
Look for the information on Zillow that is helpful and don't depend on accuracy.
In addition to the poor evaluations that sometimes result, I have had homes in Hunterdon County New Jersey listed with schools in Bucks County PA. There could not be a greater difference than these two counties.
Look for the information on Zillow that is helpful and don't depend on accuracy.
@David
They wouldn't know how to "map" a region any more than they can do brain surgery.
The proof of that is that half the homes in my neighborhood are mapped against a city 6 miles away. But, will zillow correct the zestimates that are substantially lower for the homes mapped incorrectly? NO, of of course not. They call it a "difference of opinion".
They wouldn't know how to "map" a region any more than they can do brain surgery.
The proof of that is that half the homes in my neighborhood are mapped against a city 6 miles away. But, will zillow correct the zestimates that are substantially lower for the homes mapped incorrectly? NO, of of course not. They call it a "difference of opinion".
- David Barr, "dpbarr2000"
- Contributions:280
I find it highly amusing that Zillow proclaims to be the "real estate expert" when it has not one single person on the ground in any local real estate market. They wouldn't know how to "map" a region any more than they can do brain surgery.
- Hamp Yonce, "Zilluminati"
- Contributions:3463
It might not be wrong...but it shore ain't right!
@savoian
Zillow rely on people giving up. That's how they get away with this zestimate charade. You should not let them get away with it and invest some time and energy in fighting them. That's the only way change happenz.
Zillow rely on people giving up. That's how they get away with this zestimate charade. You should not let them get away with it and invest some time and energy in fighting them. That's the only way change happenz.
- Savoian
- Contributions:3
I looked at some other houses in our neighborhood and realized it's not only my property that is way off. I think there is no point that I complain about my zestimate as it is such a biased estimate. The lesson I learned is not to consider zestimate as a reliable source whenever I want to move and purchase another property.
@Pasadenan
"Such comments about statistical methods being "wrong" are thousands of times more arrogant than anyone applying statistical methods for the stated research purposes"
When the 'statistics' for my home are so far off base then I will continue to complain. I have every right to do so as long as such erroneous valuations of my property remain published on this website. It's not arrogance but my basic right to express my opinion on a 2nd rate algorithm that has never been properly tested.
"Such comments about statistical methods being "wrong" are thousands of times more arrogant than anyone applying statistical methods for the stated research purposes"
When the 'statistics' for my home are so far off base then I will continue to complain. I have every right to do so as long as such erroneous valuations of my property remain published on this website. It's not arrogance but my basic right to express my opinion on a 2nd rate algorithm that has never been properly tested.
- Pasadenan
- Contributions:21467
"ie boundary definition) data for his property" -
That is what I said; only the city boundary is not up to date, and that has absolutely nothing to do with the geocoding of the house, nor the location of the streets relative to other streets.
"JUST LOOK AT THE AVERAGE VALUATIONS OFR EACH OF THE 2 CITIES INVOLVED. i BELIEVE IT IS A MATERIAL DIFFERENCE AND YOU GUYS JUST DON'T UNDERSTAND THE LOCAL DYNAMICS." -
You obviously don't understand the methodology used that has been posted at least 5000 times all over this website.... it uses all non-distressed sales in the proximity of the unit WITHIN THE SAME COUNTY for the modeling, and ignores city, Zip code, and Neighborhood boundaries.
The Zindexes that track the dynamics of neighborhoods, cities, zip codes, counties, metropolitan statistical areas, States, and the Nation are simply the median of all the estimates of the ownership units in the defined region. The Zindexes are not used backward for the estimates with the present method. And the Zindexes have a very high correlation to the Case/Shiller indexes where such indexes are available in spite of the substantially different methodology used, indicating the vallidity of the method used.
You are just "wrong" about the estimates being "wrong", clearly indicating you don't understand the meaning of "tolerance range" nor statistical anyalysis methods.
As for your assumed value, that is obviously "wrong" to as you are only looking at a couple sales, and you refuse to pay for an appraisal.
Such comments about statistical methods being "wrong" are thousands of times more arrogant than anyone applying statistical methods for the stated research purposes.
That is what I said; only the city boundary is not up to date, and that has absolutely nothing to do with the geocoding of the house, nor the location of the streets relative to other streets.
"JUST LOOK AT THE AVERAGE VALUATIONS OFR EACH OF THE 2 CITIES INVOLVED. i BELIEVE IT IS A MATERIAL DIFFERENCE AND YOU GUYS JUST DON'T UNDERSTAND THE LOCAL DYNAMICS." -
You obviously don't understand the methodology used that has been posted at least 5000 times all over this website.... it uses all non-distressed sales in the proximity of the unit WITHIN THE SAME COUNTY for the modeling, and ignores city, Zip code, and Neighborhood boundaries.
The Zindexes that track the dynamics of neighborhoods, cities, zip codes, counties, metropolitan statistical areas, States, and the Nation are simply the median of all the estimates of the ownership units in the defined region. The Zindexes are not used backward for the estimates with the present method. And the Zindexes have a very high correlation to the Case/Shiller indexes where such indexes are available in spite of the substantially different methodology used, indicating the vallidity of the method used.
You are just "wrong" about the estimates being "wrong", clearly indicating you don't understand the meaning of "tolerance range" nor statistical anyalysis methods.
As for your assumed value, that is obviously "wrong" to as you are only looking at a couple sales, and you refuse to pay for an appraisal.
Such comments about statistical methods being "wrong" are thousands of times more arrogant than anyone applying statistical methods for the stated research purposes.
@Russ
"In concept, I don't see anything "wrong" with your postings regarding the shortcomings of our Zestimate, etc. It's your opinion and, well, there are shortcomings! You're persistent, passionate and we respect that. There are folks just as persistent and passionate on all sides of this fence. This is not lost on us -- we are fundamentally talking about putting a "value" on someone's home. Besides getting into personal attacks on someone's character or talking about their family, it doesn't get more personal than this."
so please explain why the thread I started summarizing my dispute with zillow over inaccurate zestimates should have been closed by zillow for no reason other than someone was having a bad day - there is no other explanation and the thread is still locked 3 days later.
"In concept, I don't see anything "wrong" with your postings regarding the shortcomings of our Zestimate, etc. It's your opinion and, well, there are shortcomings! You're persistent, passionate and we respect that. There are folks just as persistent and passionate on all sides of this fence. This is not lost on us -- we are fundamentally talking about putting a "value" on someone's home. Besides getting into personal attacks on someone's character or talking about their family, it doesn't get more personal than this."
so please explain why the thread I started summarizing my dispute with zillow over inaccurate zestimates should have been closed by zillow for no reason other than someone was having a bad day - there is no other explanation and the thread is still locked 3 days later.
@Russ
Re: Surbiton's Case (addressing all since this seems to be at least part of the main topic here)
1. There IS incorrect mapping(ie boundary definition) data for his property. WELL HOPEFULLY THIS WILL STOP PASADENAN & CO SAYING i WAS WRONG ABOUT THIS MATTER
2. This should be fixed as part of our next mass "region update". Because this process is not as streamlined as we'd like it to be(though we are working on this) we only perform these updates when we receive enough changes(from consumers, 3rd party data providers, counties, etc.) to prioritize the procedure, given the effort and resources involved. So, we don't know when this will happen right now. I doubt it'll take 8 months but, yes, it could. That I can't give you a better timeframe is unfortunate, I admit, and something we need to get better at. THE TIME FRAME FOR THE "FIX' WAS 8 MONTHS BACK IN OCTOBER SO HOPEFULLY IT STILL ISNT 8 MONTHS
3. This incorrect data does NOT impact his Zestimate. Not all data has an impact, and do more than others. We have discussed his specific property and region many times directly with our Zestimation/Analytics team to get this assurance. I STRONGLY DISAGREE - JUST LOOK AT THE AVERAGE VALUATIONS OFR EACH OF THE 2 CITIES INVOLVED. i BELIEVE IT IS A MATERIAL DIFFERENCE AND YOU GUYS JUST DON'T UNDERSTAND THE LOCAL DYNAMICS.
Hope this help clarifies at least a little.
Re: Surbiton's Case (addressing all since this seems to be at least part of the main topic here)
1. There IS incorrect mapping(ie boundary definition) data for his property. WELL HOPEFULLY THIS WILL STOP PASADENAN & CO SAYING i WAS WRONG ABOUT THIS MATTER
2. This should be fixed as part of our next mass "region update". Because this process is not as streamlined as we'd like it to be(though we are working on this) we only perform these updates when we receive enough changes(from consumers, 3rd party data providers, counties, etc.) to prioritize the procedure, given the effort and resources involved. So, we don't know when this will happen right now. I doubt it'll take 8 months but, yes, it could. That I can't give you a better timeframe is unfortunate, I admit, and something we need to get better at. THE TIME FRAME FOR THE "FIX' WAS 8 MONTHS BACK IN OCTOBER SO HOPEFULLY IT STILL ISNT 8 MONTHS
3. This incorrect data does NOT impact his Zestimate. Not all data has an impact, and do more than others. We have discussed his specific property and region many times directly with our Zestimation/Analytics team to get this assurance. I STRONGLY DISAGREE - JUST LOOK AT THE AVERAGE VALUATIONS OFR EACH OF THE 2 CITIES INVOLVED. i BELIEVE IT IS A MATERIAL DIFFERENCE AND YOU GUYS JUST DON'T UNDERSTAND THE LOCAL DYNAMICS.
Hope this help clarifies at least a little.
It's even more arrogant for someone with ZERO knowledge of the home, location or the value to lecture the homeowner about the value of their home the way you do. I know exactly the value of my home based on history and the sales of similar homes in the immediate neighborhood and from that basis information the Zestimate is WRONG.
- Pasadenan
- Contributions:21467
It is awfully arrogant to claim an "estimate" is "wrong" without knowing the methodology nor the underlying recently sold data, nor having any valid "appraisal" to compare it to.
And it is even more arrogant to think that by posting the same thing 345 times that you will affect any change of any kind. All that arrogance does is make is clear that you will waste a lot of time and only convince people that you are arrogant and are not willing to accept reality.
Yes, if I found out that my loan was $130k underwater, and that my net worth was close to negative $100k, I might be a bit upset too. But to try to take it out on one source of machine generated opinions when there are hundreds of AVM's that have much wider tolerance ranges, makes absolutely no sense of any kind.
And it is even more arrogant to think that by posting the same thing 345 times that you will affect any change of any kind. All that arrogance does is make is clear that you will waste a lot of time and only convince people that you are arrogant and are not willing to accept reality.
Yes, if I found out that my loan was $130k underwater, and that my net worth was close to negative $100k, I might be a bit upset too. But to try to take it out on one source of machine generated opinions when there are hundreds of AVM's that have much wider tolerance ranges, makes absolutely no sense of any kind.
@Pasadenan
I guess I will have to spoon feed comments if you don't understand the point I was making was to do with a zestimate that is so wrong that it's patently obvious that it is incorrect. I have chosen my words carefully so I don't fall foul of the good neighbor policy..
I guess I will have to spoon feed comments if you don't understand the point I was making was to do with a zestimate that is so wrong that it's patently obvious that it is incorrect. I have chosen my words carefully so I don't fall foul of the good neighbor policy..
- Tarek Azar, "OC Broker"
- Contributions:2
Feel free to contact our office [Promotion and phone removed by Zillow moderator. Please see our Good Neighbor Policy for more information.]
Good luck -
Good luck -
- Pasadenan
- Contributions:21467
Suburiton, as for the assumed more recent appraisal since time of purchase, it was your post on the linked thread that implied it:
I would like Zillow to change the Zestimate. Appraised value is $640,000!!! Zestim. is totally off.
"As someone with a similar situation to yourself I share your frustration..." -
If you didn't pay for an appraisal, your situation is not even remotely "similar". Yet you claim in that other thread that your estimate is 15% lower than your imagined value. This implies that you "think" the value of your home (in August or October) is $666.7k, but that Zillow is estimating it at approximately $567k.
Until you pay for a more recent appraisal, your "assumed" value is likely to be further off from present market value than Zillow's machine generated opinion based on the recent non-distressed sales in the area.
Remember, Zillow heavily weights the last sold price adjusted for sold date, thus since you claim the neighbors are selling for more, it appears that you didn't pay enough when you paid approximately $725k for the house based on the post you made that Zillow's estimate is 22% lower than what you paid.
I would like Zillow to change the Zestimate. Appraised value is $640,000!!! Zestim. is totally off.
"As someone with a similar situation to yourself I share your frustration..." -
If you didn't pay for an appraisal, your situation is not even remotely "similar". Yet you claim in that other thread that your estimate is 15% lower than your imagined value. This implies that you "think" the value of your home (in August or October) is $666.7k, but that Zillow is estimating it at approximately $567k.
Until you pay for a more recent appraisal, your "assumed" value is likely to be further off from present market value than Zillow's machine generated opinion based on the recent non-distressed sales in the area.
Remember, Zillow heavily weights the last sold price adjusted for sold date, thus since you claim the neighbors are selling for more, it appears that you didn't pay enough when you paid approximately $725k for the house based on the post you made that Zillow's estimate is 22% lower than what you paid.
- Pasadenan
- Contributions:21467
There is no "mapping error" in your neighborhood as your house is located "correctly" or you would have already relocated it to the correct location as you have already been told how to do at least 50 times; and the "Map bases" don't belong to Zillow but to MicroSoft Bing, and thus Zillow has no ability to make any changes to those, and I've brought up the issue of correcting it with Microsoft, and yet you don't do that as there is no error in the street locations for that area on the MicroSoft maps.
As for what Zillow stated they will "fix", it is the city boundaries that will be revised, and nothing else. And as already explained, the city boundaries have absolutely no impact on the estimates. Zillow does region boundary definition adjustments 2 or 4 times a year, and you just missed the boundary revision cycle, and it has absolutely nothing to do with your imagined value based on a couple sales being too high, nor the defined tolerance range of what a machine method is capable of doing.
You now state that you didn't ever pay for an appraisal when you purchased even though you claimed that your estimate was $100k too low?
Has anyone been successful in getting Zillow to correct a substantially incorrect Zestimate?
What someone else pays for a "similar model" in the same development doesn't determine the market value of yours. All kinds of differences can exist. Nor does an estimate determine the market value of any unit... an estimate is only based on available data, including all recent non-distressed sales in the area. You have to have a buyer "pay" the stated amount for it to be worth that.
[Content deleted by Zillow moderator]
As for what Zillow stated they will "fix", it is the city boundaries that will be revised, and nothing else. And as already explained, the city boundaries have absolutely no impact on the estimates. Zillow does region boundary definition adjustments 2 or 4 times a year, and you just missed the boundary revision cycle, and it has absolutely nothing to do with your imagined value based on a couple sales being too high, nor the defined tolerance range of what a machine method is capable of doing.
You now state that you didn't ever pay for an appraisal when you purchased even though you claimed that your estimate was $100k too low?
Has anyone been successful in getting Zillow to correct a substantially incorrect Zestimate?
What someone else pays for a "similar model" in the same development doesn't determine the market value of yours. All kinds of differences can exist. Nor does an estimate determine the market value of any unit... an estimate is only based on available data, including all recent non-distressed sales in the area. You have to have a buyer "pay" the stated amount for it to be worth that.
[Content deleted by Zillow moderator]
- Russ Hatfield, "RussHatfield"
- Contributions:336
Re: Surbiton's Case (addressing all since this seems to be at least part of the main topic here)
1. There IS incorrect mapping(ie boundary definition) data for his property.
2. This should be fixed as part of our next mass "region update". Because this process is not as streamlined as we'd like it to be(though we are working on this) we only perform these updates when we receive enough changes(from consumers, 3rd party data providers, counties, etc.) to prioritize the procedure, given the effort and resources involved. So, we don't know when this will happen right now. I doubt it'll take 8 months but, yes, it could. That I can't give you a better timeframe is unfortunate, I admit, and something we need to get better at.
3. This incorrect data does NOT impact his Zestimate. Not all data has an impact, and do more than others. We have discussed his specific property and region many times directly with our Zestimation/Analytics team to get this assurance.
Hope this help clarifies at least a little.
@Surbiton
In concept, I don't see anything "wrong" with your postings regarding the shortcomings of our Zestimate, etc. It's your opinion and, well, there are shortcomings! You're persistent, passionate and we respect that. There are folks just as persistent and passionate on all sides of this fence. This is not lost on us -- we are fundamentally talking about putting a "value" on someone's home. Besides getting into personal attacks on someone's character or talking about their family, it doesn't get more personal than this.
Having said this, we do have a responsibility to promote and facilitate good discussions here in the forums -- not necessarily pro-Zestimate, pro-Zillow, or similar, but constructive discussions. When we feel things have reached a point where this isn't happening then we're compelled to take some sort of action. Certainly, when this line gets "crossed" is a judgement call on our part and there may be disagreement on when this happens -- even internally within our own team, frankly. Ultimately, it's a judgement call that we have to make, though. So, we will, when appropriate, just as we have always done, will always do, for all threads, topics, posters in Advice.
Respectfully,
Russ
Zillow Customer Care
1. There IS incorrect mapping(ie boundary definition) data for his property.
2. This should be fixed as part of our next mass "region update". Because this process is not as streamlined as we'd like it to be(though we are working on this) we only perform these updates when we receive enough changes(from consumers, 3rd party data providers, counties, etc.) to prioritize the procedure, given the effort and resources involved. So, we don't know when this will happen right now. I doubt it'll take 8 months but, yes, it could. That I can't give you a better timeframe is unfortunate, I admit, and something we need to get better at.
3. This incorrect data does NOT impact his Zestimate. Not all data has an impact, and do more than others. We have discussed his specific property and region many times directly with our Zestimation/Analytics team to get this assurance.
Hope this help clarifies at least a little.
@Surbiton
In concept, I don't see anything "wrong" with your postings regarding the shortcomings of our Zestimate, etc. It's your opinion and, well, there are shortcomings! You're persistent, passionate and we respect that. There are folks just as persistent and passionate on all sides of this fence. This is not lost on us -- we are fundamentally talking about putting a "value" on someone's home. Besides getting into personal attacks on someone's character or talking about their family, it doesn't get more personal than this.
Having said this, we do have a responsibility to promote and facilitate good discussions here in the forums -- not necessarily pro-Zestimate, pro-Zillow, or similar, but constructive discussions. When we feel things have reached a point where this isn't happening then we're compelled to take some sort of action. Certainly, when this line gets "crossed" is a judgement call on our part and there may be disagreement on when this happens -- even internally within our own team, frankly. Ultimately, it's a judgement call that we have to make, though. So, we will, when appropriate, just as we have always done, will always do, for all threads, topics, posters in Advice.
Respectfully,
Russ
Zillow Customer Care
@Pasadenan
you seem to have difficulty reading as you keep stating 'facts' that have not been mentioned in my posts. I am tired of explaining to you the issue where zillow accept that they have a mapping error with regard to my neighborhood that is contaminating the data and they have said it will take 8 months to fix - not me that said that, UNDERSTAND? You also mention a paid appraisal and I have no ideas where you dreamed that from as I have never made any mention of that either.
When you have enough information to express an informed opinion and understand the context of my incorrect zestimate then I look forward to reading your reply.
you seem to have difficulty reading as you keep stating 'facts' that have not been mentioned in my posts. I am tired of explaining to you the issue where zillow accept that they have a mapping error with regard to my neighborhood that is contaminating the data and they have said it will take 8 months to fix - not me that said that, UNDERSTAND? You also mention a paid appraisal and I have no ideas where you dreamed that from as I have never made any mention of that either.
When you have enough information to express an informed opinion and understand the context of my incorrect zestimate then I look forward to reading your reply.
- Pasadenan
- Contributions:21467
reliance --> *relevance*
- Pasadenan
- Contributions:21467
Surbiton, it is clear that you are the one that doesn't understand the 1st amendment of the U.S. constitution, nor that Zillow's publishing of an estimate for the value of your home has absolutely no impact on you nor your "rights" at all. As stated multiple times, any "appraisal" you paid for has absolutely no reliance to any machine generated estimate, and you already "appealed" and "lost", so your posting of the same irrelevant arguments over 100 times is completely useless, and will only increase the amount of money that Spencer receives in compensation. It will also increase the value of the stock, and make it even harder for people to remove the estimates.
I already posted how to remove the estimates, and yet instead of doing that, you continue to argue that the estimate is invalid because the city border line was drawn in the wrong location and because you paid for an appraisal that was different, and that you are so upset that you want to personally bankrupt the company and make the customer service people write 5000 unique responses to your misleading same words cut and pasted 100's of times.
"So far Zillow has not given any meaningful explanation why my Zestimate is incorrect" -
As has already been pointed out multiple times, no one can give you a "meaningful explication" of why something is incorrect when it is not "incorrect". Until you sell your house, you do not know the market value, and no "appraisal" nor "estimate" nor "CMA" nor "BPA" can claim to be the "exact market value". An "estimate" is not a "quote" unless you are getting a "quote" for having your car repaired or work done by a licensed contractor on your house. The only one that is "incorrect" is the one claiming that they live in a "fair society", and that estimates are "unwanted intrusive valuations".
If you want "fairness" you will have to move outside of the United States as the U.S. Constitution has unfairness written directly into it.
I already posted how to remove the estimates, and yet instead of doing that, you continue to argue that the estimate is invalid because the city border line was drawn in the wrong location and because you paid for an appraisal that was different, and that you are so upset that you want to personally bankrupt the company and make the customer service people write 5000 unique responses to your misleading same words cut and pasted 100's of times.
"So far Zillow has not given any meaningful explanation why my Zestimate is incorrect" -
As has already been pointed out multiple times, no one can give you a "meaningful explication" of why something is incorrect when it is not "incorrect". Until you sell your house, you do not know the market value, and no "appraisal" nor "estimate" nor "CMA" nor "BPA" can claim to be the "exact market value". An "estimate" is not a "quote" unless you are getting a "quote" for having your car repaired or work done by a licensed contractor on your house. The only one that is "incorrect" is the one claiming that they live in a "fair society", and that estimates are "unwanted intrusive valuations".
If you want "fairness" you will have to move outside of the United States as the U.S. Constitution has unfairness written directly into it.
@Pasadenan
"Since the mapping was correct and the argument is about city boundary definitions, it has absolutely nothing to do with estimates nor whether the general public should have access to them or not"
you have not understood this issue despite having it explained 100 times. But then that doesn't stop you having an opinion even if you don't understand.
"Since the mapping was correct and the argument is about city boundary definitions, it has absolutely nothing to do with estimates nor whether the general public should have access to them or not"
you have not understood this issue despite having it explained 100 times. But then that doesn't stop you having an opinion even if you don't understand.
- Tug of War
- Contributions:1985
OK.....
- Pasadenan
- Contributions:21467
Everyone ALREADY has a right to have their Zestimate "appealed". But how many times do you expect an estimate to be reviewed over again when they are updated 3 times a week? 350 Million times a day? With only 300 staff people and 100 MILLION active estimates?
The appeal was already "processed" as stated, and the estimate "stands as is" simply because the correct "recently solds" were used in the modeling, and there was no "new data" to consider. Besides, if the recently solds were not the correct ones (as in commercial property accidentally used instead), the one estimate is deleted. The past estimates and future estimates are not, but the one data point is removed since it is not possible to reconstruct the modeling for that one past date without substantial work.
And in case one still doesn't understand.... city borders, neighborhood borders, and Zip Code Borders have ABSOLUTELY NO IMPACT on the estimates. They are not part of the modeling! Only proximity of the recent non-distressed sales, and the county boundaries make a difference for the impact of location on the Estimates.
That is posted at least 1000 different places already on this website.
Since the mapping was correct and the argument is about city boundary definitions, it has absolutely nothing to do with estimates nor whether the general public should have access to them or not. (Even if no public access, they still will be calculated, as that is what statistical researchers do). If one doesn't like it, they need to write to the National Science Foundation to get them to stop spending my tax money funding so many Universities for pointless studies.
The appeal was already "processed" as stated, and the estimate "stands as is" simply because the correct "recently solds" were used in the modeling, and there was no "new data" to consider. Besides, if the recently solds were not the correct ones (as in commercial property accidentally used instead), the one estimate is deleted. The past estimates and future estimates are not, but the one data point is removed since it is not possible to reconstruct the modeling for that one past date without substantial work.
And in case one still doesn't understand.... city borders, neighborhood borders, and Zip Code Borders have ABSOLUTELY NO IMPACT on the estimates. They are not part of the modeling! Only proximity of the recent non-distressed sales, and the county boundaries make a difference for the impact of location on the Estimates.
That is posted at least 1000 different places already on this website.
Since the mapping was correct and the argument is about city boundary definitions, it has absolutely nothing to do with estimates nor whether the general public should have access to them or not. (Even if no public access, they still will be calculated, as that is what statistical researchers do). If one doesn't like it, they need to write to the National Science Foundation to get them to stop spending my tax money funding so many Universities for pointless studies.
- Tug of War
- Contributions:1985
I understand this..
"The issue I have is to bring attention to the inadequacies of Zillows zestimates"
Remember..
I fought/argued a tiny bit so you could have that chance & so others would also
Good Luck
"The issue I have is to bring attention to the inadequacies of Zillows zestimates"
Remember..
I fought/argued a tiny bit so you could have that chance & so others would also
Good Luck
- sunnyview
- Contributions:25139
"I am not here to be popular and clearly understand that my posting style alienates some readers of this forum. Do I care? NO."
That would seem to undermine your goals of having others members of the public support your requests for broader AVM reform or regulation. Taking that approach--you remain one vote, one phone call, one disgruntled homeowner with a personal beef.
I would hope that you would reconsider that strategy if you are truly looking for improvements and better accuracy on Zillow overall. Personally, I think Tug gave you excellent advice, but it's your absolute right to ignore it and follow another path.
That would seem to undermine your goals of having others members of the public support your requests for broader AVM reform or regulation. Taking that approach--you remain one vote, one phone call, one disgruntled homeowner with a personal beef.
I would hope that you would reconsider that strategy if you are truly looking for improvements and better accuracy on Zillow overall. Personally, I think Tug gave you excellent advice, but it's your absolute right to ignore it and follow another path.
what do you do if the zillow zestimate is under market value?
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