Did A Zillow Exec REALLY Laugh At Zestimates?
Friday, 19 September 2014
Did a Zillow executive really chuckle over the accuracy of “Zestimates”, the website’s automated home valuations? Yes! At the Keller Williams real estate conference this week, Greg Schwartz, chief revenue officer for Zillow, was asked about the well-known inaccuracy of Zestimates. He laughed… nervously. “We all know the Zestimate is imperfect,” he said. “If you want an accurate appraisal, you
- Published in Uncategorized
What Makes Home Valuation Sites So Bad?
Thursday, 13 February 2014
Question: “You always say that Zillow and other sites are so inaccurate. What do you think causes them to be so far off?” Answer: There are many reasons sites like these are so inaccurate. Here are a few: They “pull” comps from within X miles of the subject. However those often include neighborhoods geographically close
- Published in FAQs, Q&A - Home Investing Questions
Why No More Offers Come In After You Accept One
Tuesday, 02 July 2013
Question: “When I listed my condo, we received several offers. But after I accepted an offer a few weeks ago we haven’t received any additional offers. Why is that?” Answer: Once you accept an offer, we’re required by our MLS (Realtor’s multiple listing service) to change the status from “active” to “pending.” Pending tells agents
- Published in Q&A - Home Selling Questions
Hard to Find Your San Diego Home Value Online
Tuesday, 18 December 2012
Question: “Which website do you recommend to find out a home’s value?” Answer: Two types of websites purport to tell you your home value online: 1) automated; 2) agent/referral. Automated sites use complex but flawed software to calculate values. However the values they tell you are typically far from correct. This is due to incomplete/inaccurate
- Published in Q&A - Home Selling Questions
Beware of Home Valuation Sites
Monday, 22 October 2012
Question: “I saw a house listed for 1.2 million, but Zillow shows it’s only worth 781K. Do you think they’d accept an offer in that range?” Answer: You must be new to my Q&A! Otherwise you’d have heard my rants about how grossly inaccurate ALL the home pricing websites are. It’s not uncommon for them
- Published in FAQs, Q&A - Home Selling Questions
Zillow: For Entertainment Purposes Only
Tuesday, 30 August 2011
“Hi Gary…I checked on Zillow and see my San Diego property is estimated at 691K, but it looks like the values listed on this site are quite high. I was thinking low 600’s. What would you estimate for the property as is?” Answer: We’re on the same page. Zillow does tend to be high. In
- Published in Real Estate Tips, San Diego