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Answers (19)
- Vince Curtis, "SoCal Appraiser"
- Contributions:4702
...it is interesting, though, when you google HOME APPRAISAL, Zillow is the #1 result...
- Mitchell Jamel e-PRO, "MyStAugustine"
- Contributions:130
Zillow should not be used as a Appraisals it is just a Free service that provides an estimate of Value, Just like a Picture of an IN & Burger will never taste as good as a real one! So if you want an appraisal you should hire an appraiser, I am sure they would welcome the Work and you can help the Economy.
- Pat Pribisko, "Pat Pribisko"
- Contributions:1426
Please calm down. Zestimates are not based on reality. Zillow readily admits that its Zestimates are merely estimates based upon public records. Zestimates are not appraisals. Realtors totally ignore them. For potential clients who ask about Zestimates, I tell them to ignore Zillow.
- Vince Curtis, "SoCal Appraiser"
- Contributions:4702
I share your anger too, kocoach, I wish Zillow could be better on their values, but, heck, what do you want for free? Quicker and cheaper than an appraisal..
- Mike Kelly& Alli Norman, "mjkelly"
- Contributions:137
When I go on a listing appointment I just ASSUME the Seller has checked their value on Zillow. I make sure I ALSO check it on Zillow. I've NEVER heard of a client complaining to me at the time of a listing it is EVERY too high! When they are trying to get their property taxes reduced THEN they go to great lenghts to tell me and to get me, to give them a broker price opinion LOWER than Zillow.
Just be aware of Zillow's pitfalls. It is simply a tool to get the discussion rolling. I personally use Top Producer's Market Snapshot as it used MLS data, does NOT show a value for the home in question but simply show homeowners WHAT the competition is in the neighborhood as far as "Active Listings" AND what sold comparables lurk out there!
This is the market when you beg the appraisal to LOOK AT THE COMPS and NOT what's in escrow! When the market was going ballistic we had it the OTHER WAY AROUND!
Here in Sonoma County, wine country of the NorthBay above SF, we have a local "Green" ordinance which is using Zillow to render pricing for the loans given for "Greening" one's home. NO equity is the bigger issue! But Zillow, as a solar sales person told me, "Is killing our deals!" as the County looks at this also! We are now changing how home valuaton is determined!
Just be aware of Zillow's pitfalls. It is simply a tool to get the discussion rolling. I personally use Top Producer's Market Snapshot as it used MLS data, does NOT show a value for the home in question but simply show homeowners WHAT the competition is in the neighborhood as far as "Active Listings" AND what sold comparables lurk out there!
This is the market when you beg the appraisal to LOOK AT THE COMPS and NOT what's in escrow! When the market was going ballistic we had it the OTHER WAY AROUND!
Here in Sonoma County, wine country of the NorthBay above SF, we have a local "Green" ordinance which is using Zillow to render pricing for the loans given for "Greening" one's home. NO equity is the bigger issue! But Zillow, as a solar sales person told me, "Is killing our deals!" as the County looks at this also! We are now changing how home valuaton is determined!
- Dunes....
- Contributions:3894
Wow..3 Questions in one (or maybe 4?)
1.Yes my peo[le are a friggin joke..Always wanting me to Pay them back, get off the couch, clean up that mess...A friggin joke..Stupid Peo[le
2. Yes I'm a Democrat but only cause they have cooler Bumper Stickers
3. Get real on my appraisels..
Okey Dokey..
I think this Question is more of a venting than a Question and perhaps ya outta have a cold one and chill.
4. Possible Question or seeking feedback about frigin punks..
I hate them Peo[le that never say excuse me or thank-you,,especially Store clerks who are paid to cater to my every need (Store related that is)...never treat me with the Servitude I feel I deserve as a Possibly paying customer..frigin punks!
Great Question(s) and thanks for asking
1.Yes my peo[le are a friggin joke..Always wanting me to Pay them back, get off the couch, clean up that mess...A friggin joke..Stupid Peo[le
2. Yes I'm a Democrat but only cause they have cooler Bumper Stickers
3. Get real on my appraisels..
Okey Dokey..
I think this Question is more of a venting than a Question and perhaps ya outta have a cold one and chill.
4. Possible Question or seeking feedback about frigin punks..
I hate them Peo[le that never say excuse me or thank-you,,especially Store clerks who are paid to cater to my every need (Store related that is)...never treat me with the Servitude I feel I deserve as a Possibly paying customer..frigin punks!
Great Question(s) and thanks for asking
- Trump Junior
- Contributions:82
I agree, I think way too much reliance is made on the zestimate in the real world. For example, I notice that "someone I know" listed his home for sale at the exact maximum Zestimate ever achieved by his house (6.5 million). I doubt that was a coincidence.
- wetdawgs
- Contributions:26854
I'm not aware of Zillow ever providing an appraisal (but I don't know about appraisels), so, apparently they must not be punks.
Someone must not be happy with the housing market in California!
Someone must not be happy with the housing market in California!
- Alan May
- Contributions:4377
was it really necessary to ask "are you democrats"?
- NTETS, "Mr Caveat"
- Contributions:6436
no, appraisers do not use zillow, i'm told some banks do for their in-house record keeping and possibly first glance numbers, but zillow's method of calculating home value is not an accepted way of calculating home values.
people in the industry and their clients are generally well enough informed to take zillow with a grain of salt. the people who use only zillow are either trying to reinforce a preconceived narrative or just aren't serious about it.
how 'bout you? like sunnyview said, zillow isnt wrong unless you can sell for higher.
people in the industry and their clients are generally well enough informed to take zillow with a grain of salt. the people who use only zillow are either trying to reinforce a preconceived narrative or just aren't serious about it.
how 'bout you? like sunnyview said, zillow isnt wrong unless you can sell for higher.
- sunnyview
- Contributions:25139
Appraisers that use Zillow for appraisals should be rounded up, shot and roasted on a spit. Professionals know what Zillow's constraints are and good ones do their own appraisal or CMA work. They don't use Zillow for that.
Zillow is free and it has a lot more information than one Zestimate number. If you don't like the valuation maybe try Trulia, epprasails, Yahoo or cyberhomes. They all share the same issues of an AVM and their values are also not appraisals, but they are also free. You get what you pay for.
Zillow is free and it has a lot more information than one Zestimate number. If you don't like the valuation maybe try Trulia, epprasails, Yahoo or cyberhomes. They all share the same issues of an AVM and their values are also not appraisals, but they are also free. You get what you pay for.
- kocoach
- Contributions:4
so what you're saying that appraisers don't use your web site for guidlines? good business practise, through ignorance keep mis-leading prospective buyers and possibly appraisers.
- kocoach
- Contributions:4
thats right, just mis-lead the people and possibly the appraisers. Very smart, good business practise.
- sunnyview
- Contributions:25139
How so you know the value is false? Have you successfully sold for more? Zillow isn't an appraisal. You know what they say: "A high sale is the best revenge."
- NTETS, "Mr Caveat"
- Contributions:6436
1) LOL, democratic agenda: step 1) destroy all wealth in America
step 2) "socialism"
2) zillow's zestimate? NOT AN APPRAISAL!
step 2) "socialism"
2) zillow's zestimate? NOT AN APPRAISAL!
- HomeSand.net, "White Picture"
- Contributions:4398
is it meant "Do not talk if you do not know about it" ?
- kocoach
- Contributions:4
If you don't know this then stop putting up false values on line. DUH
- Robert Lowery, "Bob Lowery"
- Contributions:2097
And, how would Zillow know this?
- sunnyview
- Contributions:25139
Talk to your assessor. If they have you house assessed the same as your neighbor, Zillow may think that they are close to the same value until they are sold.
you peo[le are a friggin joke. are you democrats? get real on your appraisels, frigin punks.
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