Comments on: 3 Easy Steps to Stop Zillow from Publishing the Zestimate of your Home… http://raincityguide.com/2006/02/10/3-easy-steps-to-stop-zillow-from-publishing-the-zestimate-of-your-home/ 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: Seattle’s Rain City Real Estate Guide » Top 10 List of Real Estate Lists http://raincityguide.com/2006/02/10/3-easy-steps-to-stop-zillow-from-publishing-the-zestimate-of-your-home/#comment-13883 Seattle’s Rain City Real Estate Guide » Top 10 List of Real Estate Lists Sat, 26 Aug 2006 19:20:44 +0000 http://raincityguide.com/2006/02/10/3-easy-steps-to-stop-zillow-from-publishing-the-zestimate-of-your-home/#comment-13883 [...] 3 Easy Steps to Stop Zillow from Publishing the Zestimate of your Home… Because it doesn’t matter (and it still generates a ton of hits). [...] [...] 3 Easy Steps to Stop Zillow from Publishing the Zestimate of your Home… Because it doesn’t matter (and it still generates a ton of hits). [...]

]]> By: 3 cents http://raincityguide.com/2006/02/10/3-easy-steps-to-stop-zillow-from-publishing-the-zestimate-of-your-home/#comment-2063 3 cents Sat, 18 Feb 2006 07:41:49 +0000 http://raincityguide.com/2006/02/10/3-easy-steps-to-stop-zillow-from-publishing-the-zestimate-of-your-home/#comment-2063 What I find interesting about Z is that PEOPLE have to check it to see if it's accurate...that should tell you something about the human brain v. Z What I find interesting about Z is that PEOPLE have to check it to see if it’s accurate…that should tell you something about the human brain v. Z

]]> By: Dustin http://raincityguide.com/2006/02/10/3-easy-steps-to-stop-zillow-from-publishing-the-zestimate-of-your-home/#comment-2022 Dustin Wed, 15 Feb 2006 08:17:12 +0000 http://raincityguide.com/2006/02/10/3-easy-steps-to-stop-zillow-from-publishing-the-zestimate-of-your-home/#comment-2022 Jennifer and Mover, They are definitely using a formula that involves more than just the tax records. Zillow provides some <a href="http://zillow.com/howto/Zestimate.z" rel="nofollow">background on their methodology</a>. Jennifer and Mover,

They are definitely using a formula that involves more than just the tax records. Zillow provides some background on their methodology.

]]> By: Jennifer Howard http://raincityguide.com/2006/02/10/3-easy-steps-to-stop-zillow-from-publishing-the-zestimate-of-your-home/#comment-2021 Jennifer Howard Wed, 15 Feb 2006 07:06:11 +0000 http://raincityguide.com/2006/02/10/3-easy-steps-to-stop-zillow-from-publishing-the-zestimate-of-your-home/#comment-2021 After doing quite a few searches off of Zillow, plus doing a bit of research on how they are getting their figures. We have discovered it isn't strictly tax assessment, or refi. Apparently, they feel they have come up with a "fool proof" formula for appreciation, market, etc. Unfortunately, their scientific approach to R.E. is seriously flawed. My office is in Edmonds. According to Zillow our 1.5 million dollar water front homes are next door to duplicate water front homes for 500k. One of my colleague’s refi'ed within the last month. Her appraisal for the refi came in at 680k. Yet Zillow has Zestimated her home is valued over 890K. Go figure? I have yet to find any .com that can do the service of an educated, qualified, and experienced Realtor. After doing quite a few searches off of Zillow, plus doing a bit of research on how they are getting their figures. We have discovered it isn’t strictly tax assessment, or refi. Apparently, they feel they have come up with a “fool proof” formula for appreciation, market, etc. Unfortunately, their scientific approach to R.E. is seriously flawed. My office is in Edmonds. According to Zillow our 1.5 million dollar water front homes are next door to duplicate water front homes for 500k. One of my colleague’s refi’ed within the last month. Her appraisal for the refi came in at 680k. Yet Zillow has Zestimated her home is valued over 890K. Go figure? I have yet to find any .com that can do the service of an educated, qualified, and experienced Realtor.

]]> By: Mover http://raincityguide.com/2006/02/10/3-easy-steps-to-stop-zillow-from-publishing-the-zestimate-of-your-home/#comment-1982 Mover Mon, 13 Feb 2006 15:54:22 +0000 http://raincityguide.com/2006/02/10/3-easy-steps-to-stop-zillow-from-publishing-the-zestimate-of-your-home/#comment-1982 In my town, you can already go online and find out the house values of anyone in town. Of course, these are the values as estimated by the town for tax purposes, but I don't think it's that different than what Zillow will do. In my town, you can already go online and find out the house values of anyone in town. Of course, these are the values as estimated by the town for tax purposes, but I don’t think it’s that different than what Zillow will do.

]]> By: 3 cents http://raincityguide.com/2006/02/10/3-easy-steps-to-stop-zillow-from-publishing-the-zestimate-of-your-home/#comment-1970 3 cents Sun, 12 Feb 2006 04:43:04 +0000 http://raincityguide.com/2006/02/10/3-easy-steps-to-stop-zillow-from-publishing-the-zestimate-of-your-home/#comment-1970 Thanks for the "price" correction Osman. Glad i could give a laugh. A Zinger for Zillow: In the words of a vice-presidential candidate: "I've met Kelley Blue Book, and sir, you are no Kelley Blue Book". Thanks for the “price” correction Osman. Glad i could give a laugh.

A Zinger for Zillow:

In the words of a vice-presidential candidate:
“I’ve met Kelley Blue Book, and sir, you are no Kelley Blue Book”.

]]> By: ARDELL http://raincityguide.com/2006/02/10/3-easy-steps-to-stop-zillow-from-publishing-the-zestimate-of-your-home/#comment-1969 ARDELL Sun, 12 Feb 2006 04:38:32 +0000 http://raincityguide.com/2006/02/10/3-easy-steps-to-stop-zillow-from-publishing-the-zestimate-of-your-home/#comment-1969 The Title Companies provide comps, but I tell them not to bother. They work as well as Zillow. In fact, they are pretty much like Zillow. I Zillowed a house in Cherry Hill NJ that I sold in 1991 for $175,000 and it is currently Zillowed at $184,000. I bought it for $115,000 in 1985. Looks like I sucked out all of it's future upward potential :-) The Title Companies provide comps, but I tell them not to bother. They work as well as Zillow. In fact, they are pretty much like Zillow.

I Zillowed a house in Cherry Hill NJ that I sold in 1991 for $175,000 and it is currently Zillowed at $184,000. I bought it for $115,000 in 1985. Looks like I sucked out all of it’s future upward potential :-)

]]> By: Osman http://raincityguide.com/2006/02/10/3-easy-steps-to-stop-zillow-from-publishing-the-zestimate-of-your-home/#comment-1967 Osman Sun, 12 Feb 2006 02:27:21 +0000 http://raincityguide.com/2006/02/10/3-easy-steps-to-stop-zillow-from-publishing-the-zestimate-of-your-home/#comment-1967 3 cents, you crack me up. Thanks for the good laugh. A few points... 1) Supply and Demand determines PRICE, not VALUE. What's the difference? VALUE is a long term benefit to the asset owner and doesn't tend to fluctuate with speculative forces as rapidly as price. Think VALUE INVESTING or INTRINSIC VALUE. 2) Jordan - real estate agents (at least here in Colorado) don't use Title companies for pricing homes. We begin the process by looking up comps on the MLS. Where it goes from there depends on a realtor's skills. 3) Can't forget to plug <a href="http://boulderrealty.blogspot.com" rel="nofollow">my site.</a> 3 cents, you crack me up. Thanks for the good laugh.

A few points…

1) Supply and Demand determines PRICE, not VALUE. What’s the difference? VALUE is a long term benefit to the asset owner and doesn’t tend to fluctuate with speculative forces as rapidly as price. Think VALUE INVESTING or INTRINSIC VALUE.

2) Jordan – real estate agents (at least here in Colorado) don’t use Title companies for pricing homes. We begin the process by looking up comps on the MLS. Where it goes from there depends on a realtor’s skills.

3) Can’t forget to plug my site.

]]> By: 3 cents http://raincityguide.com/2006/02/10/3-easy-steps-to-stop-zillow-from-publishing-the-zestimate-of-your-home/#comment-1966 3 cents Sun, 12 Feb 2006 02:16:00 +0000 http://raincityguide.com/2006/02/10/3-easy-steps-to-stop-zillow-from-publishing-the-zestimate-of-your-home/#comment-1966 yes you are right...you can be on the Board of Directors :-) yes you are right…you can be on the Board of Directors :-)

]]> By: ARDELL http://raincityguide.com/2006/02/10/3-easy-steps-to-stop-zillow-from-publishing-the-zestimate-of-your-home/#comment-1965 ARDELL Sun, 12 Feb 2006 01:34:17 +0000 http://raincityguide.com/2006/02/10/3-easy-steps-to-stop-zillow-from-publishing-the-zestimate-of-your-home/#comment-1965 You sure that's not Zonka named after Willie Wonka? You sure that’s not Zonka named after Willie Wonka?

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