Please I need information because I’m sick and tired to pay to every body without getting anything back.

Realtors Fees

National Association of Realtors Fees
State Association of Realtors Fees
Local Association of Realtors Fees
MLS Multiple Listing Services Fees
Goes to take a pee Fees

Absolutely this cannot not be anymore and something have to change, we can start firing to all of the called directors, of that association we will save just millions on salary, then close the doors of all associations we don’t need then and keep only one Association open in my opinion must be The National Association of Realtors.

I checked out the Zillow website and found it quite useful and accurate. I was able to reduce the set of comps to recent sales of homes which were of similar vintage and size to get a customized estimate. It’s the same process I went through 10 years ago when I bought my home, except then I used Excel and photocopies of the multilist data of past deals I had received from my realtor.

I have my house up for sale at 500,000 (let’s say that’s fair market value) and the Zestimate looming in the air says my house is worth 350,000. Now every ZZombie (my term for a Barton brainwashed buyer) will argue my price is too high. And I am faced with trying to convince this brain snatched person that it’s only a machine estimate. I don’t see this as facilitating a deal but creating another obstacle to sale.

The problem is putting your faith in a machine that sets the price based on the MACHINE’s evaluation of DATA. Remember, everyone who has tried Z has an opinion based on HUMAN evaluation of the Z result. Buyers dont have that and now you arm them with a Z as a negotiating tool. Oh brother. Add an inexperienced broker with the same Z faith and man, let me out of the asylum.

It would be IMMENSELY BETTER to do what Property Shark does. Just give us the data and let our brains figure it out.

PS in an up or down market the Z is totally worthless.

I don’t believe that Z can be 100% gospel because you still have the individual characteristics of the property that cannot be accounted for (view, no view, clean, dirty, run down, etc.)… but with current MLS listing data they will be able to get the estimate much more accurate than currently.

As for why they would.. “why would you advertise your house on zillow for more than the zestimate?”

Just like currently, some agents will take over priced listings and advertise them on the MLS with other properties that are priced correctly. They will put them there because there are millions of people viewing the site… increases the chance that you may find someone…. it’s all about exposure. Also, keep in mind, it’s the agents that will put them there voluntarily for exposure…. and if they are good they will be able to justify why the property is worth whatever they are asking above the estimate… that’s what makes a good agent.

Also, keep in mind that it would depend on the market timing as a whole. If you put an overpriced listing their 1.5 years ago… it would not have mattered… probably would have still sold. Now as the market is cooling it will get more difficult.

What I see this doing more than anything is making prices much more volatile than before… the peaks and valleys will be much larger and people will eventually price more accurately (according to market conditions).

Lastly, if you are an agent and your job is trying to sell homes… why wouldn’t you advertise it, if millions of people are looking there?

Also, regardless of you where you list a property on Z or not buyers will use Z for negotiation…

Jessie
FSBO

there was no point i was trying to prove. i was stating the fact that access to mls data is already available and that Zillow is no genius when it comes to joining every mls for data & cited remax as an example. Just because Barton’s name is attached to a site does not make him a genius. I think someone has studied this phenom that people tend to give more credit to someone who has been successful even though they are doing something unrealted to their suceess- sort of a star struckism. I am not Zillow star struck as many are. The product is not novel, its inacccurate in many situations (& you need people to tell you how much its off–that’s a good one), it takes no consideration of rising or falling markets–you would be laughed out of every deal if you carried around a zestimate in the market last year–you would have bought zippow with your zillow. a lot of zillow is overrated in my humble opinion.
As for website s, i did not say remax was a great site. and no matter how good a site you think you have, it is a proven fact that users will leave the site to look somewhere else. Check out useit.com and see what Jakob Neilsen has to say. He has actually studied web use.

Anyone who believes they can get everything they need from one real estate site is mistaken. There is a lot more to real estate than listings or internet abacuses.
ps I still like your posts