Comments on: Zillow’s Impact On Day 1 http://raincityguide.com/2006/02/08/zillows-impact-on-day-1/ Seattle's Leading Resource for Real Estate Information Sun, 08 Nov 2009 01:47:42 -0800 http://wordpress.org/?v=2.8.4 hourly 1 By: Rain City Guide Year In Review | Rain City Guide | A Seattle Real Estate Blog... http://raincityguide.com/2006/02/08/zillows-impact-on-day-1/#comment-51081 Rain City Guide Year In Review | Rain City Guide | A Seattle Real Estate Blog... Wed, 20 Dec 2006 09:26:34 +0000 http://raincityguide.com/2006/02/08/zillows-impact-on-day-1/#comment-51081 [...] February 8: Zillow’s Impact on Day 1 [...] [...] February 8: Zillow’s Impact on Day 1 [...]

]]> By: Giles http://raincityguide.com/2006/02/08/zillows-impact-on-day-1/#comment-1940 Giles Fri, 10 Feb 2006 13:55:17 +0000 http://raincityguide.com/2006/02/08/zillows-impact-on-day-1/#comment-1940 Dustin.... hahahah Zillowed.com too funny... Dustin…. hahahah Zillowed.com

too funny…

]]> By: Grier Smith http://raincityguide.com/2006/02/08/zillows-impact-on-day-1/#comment-1937 Grier Smith Fri, 10 Feb 2006 04:43:04 +0000 http://raincityguide.com/2006/02/08/zillows-impact-on-day-1/#comment-1937 Oh, one more thing... I live in North Bend, WA Oh, one more thing… I live in North Bend, WA

]]> By: Grier Smith http://raincityguide.com/2006/02/08/zillows-impact-on-day-1/#comment-1936 Grier Smith Fri, 10 Feb 2006 04:41:46 +0000 http://raincityguide.com/2006/02/08/zillows-impact-on-day-1/#comment-1936 My report on Zilllow... Two weeks ago I had an appraisal done on my home by a very experienced appraiser. The appraisal came in at $440,000. My Zestimate came in at $448,676. That’s about 2% higher then the actual appraisal. I’m impressed. My report on Zilllow… Two weeks ago I had an appraisal done on my home by a very experienced appraiser. The appraisal came in at $440,000. My Zestimate came in at $448,676. That’s about 2% higher then the actual appraisal. I’m impressed.

]]> By: Jessie http://raincityguide.com/2006/02/08/zillows-impact-on-day-1/#comment-1927 Jessie Thu, 09 Feb 2006 23:41:28 +0000 http://raincityguide.com/2006/02/08/zillows-impact-on-day-1/#comment-1927 We also initially checked some properties and some were almost right on and others were a 10 - 27% off. I then ran a current sample using my MLS data of 25 random properties in three counties. I charted the MLS listing price, the MLS sold price (all within 7 days) and the current Zillow estimate and then charted the results. We threw out the high and low and came up with an average of +- 2% which is pretty good and better than the margin Zillow indicates of 7.2%. You can take a look at the research on our sites blog. We are also looking for more real life examples to add to the model.... We also initially checked some properties and some were almost right on and others were a 10 – 27% off. I then ran a current sample using my MLS data of 25 random properties in three counties. I charted the MLS listing price, the MLS sold price (all within 7 days) and the current Zillow estimate and then charted the results. We threw out the high and low and came up with an average of +- 2% which is pretty good and better than the margin Zillow indicates of 7.2%. You can take a look at the research on our sites blog. We are also looking for more real life examples to add to the model….

]]> By: ARDELL http://raincityguide.com/2006/02/08/zillows-impact-on-day-1/#comment-1920 ARDELL Thu, 09 Feb 2006 17:28:07 +0000 http://raincityguide.com/2006/02/08/zillows-impact-on-day-1/#comment-1920 The "Realtor Only" forums are ecstatic. They like Zillow just the way it is...don't change a thing. LOL The “Realtor Only” forums are ecstatic. They like Zillow just the way it is…don’t change a thing. LOL

]]> By: Dustin http://raincityguide.com/2006/02/08/zillows-impact-on-day-1/#comment-1918 Dustin Thu, 09 Feb 2006 16:46:00 +0000 http://raincityguide.com/2006/02/08/zillows-impact-on-day-1/#comment-1918 I have to agree that a lot of people will get <a href="http://www.zillowed.com/" rel="nofollow">Zillowed</a> ;) if they rely only on Zillow to price their homes... I have to agree that a lot of people will get Zillowed ;) if they rely only on Zillow to price their homes…

]]> By: Becky Troutt http://raincityguide.com/2006/02/08/zillows-impact-on-day-1/#comment-1917 Becky Troutt Thu, 09 Feb 2006 16:42:55 +0000 http://raincityguide.com/2006/02/08/zillows-impact-on-day-1/#comment-1917 I gave it a whirl and was less than impressed with the results! The information was incorrect including comps used to compare my home to. I agree with Heather that the replacement of a realtor is not likely to ever happen no matter how hard they try! I hope uninformed consumers do not take this inaccurate information and use it to try to sell their own homes, because if they do.....some people will end up getting screwed! Who in their right mind would want to plug in information on the largest asset they own and take the word of a computer system to provide them with an accurate value??? It's just not possible! I gave it a whirl and was less than impressed with the results! The information was incorrect including comps used to compare my home to. I agree with Heather that the replacement of a realtor is not likely to ever happen no matter how hard they try! I hope uninformed consumers do not take this inaccurate information and use it to try to sell their own homes, because if they do…..some people will end up getting screwed! Who in their right mind would want to plug in information on the largest asset they own and take the word of a computer system to provide them with an accurate value??? It’s just not possible!

]]> By: 360Digest » Zillow Unveiled http://raincityguide.com/2006/02/08/zillows-impact-on-day-1/#comment-1911 360Digest » Zillow Unveiled Thu, 09 Feb 2006 09:12:48 +0000 http://raincityguide.com/2006/02/08/zillows-impact-on-day-1/#comment-1911 [...] Rain City Guide [...] [...] Rain City Guide [...]

]]> By: Todd Carpenter http://raincityguide.com/2006/02/08/zillows-impact-on-day-1/#comment-1907 Todd Carpenter Thu, 09 Feb 2006 05:17:45 +0000 http://raincityguide.com/2006/02/08/zillows-impact-on-day-1/#comment-1907 I had the opposite experiance as Heather. I checked my house, 3 family members and five appraisels from recent rate & term refi's. All had correct information about the property and mached value very well. I had the opposite experiance as Heather. I checked my house, 3 family members and five appraisels from recent rate & term refi’s. All had correct information about the property and mached value very well.

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