Participate in the The Ultimate Zillow Poll

JF Sellsius makes a good point in his
comment on yesterday's Zillow post about how Zestimates actually provide brokers more utility than the consumer because they use the Zestimate as a baseline and incorporate the unZillowable factors that current comps and visuals provide. *(check comments for clarification...)

Ultimate Zillow Poll at sellsius reveals Home buyers and sellers don't trust the Zestimate itself and furthermore they see the realtor as the fine tuner and won't bypass them.

Once completed, the Ultimate Zillow Poll data should provide ammunition for the 
Zillow blog - realtors will be relieved and start to see and accept Zillow as a "partner". I'm sure Zillow management understands that the Zestimate itself will likely never be universally accepted at face value, and they have wisely positioned their macroscopic analytical products to inspire awe from the masses.

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  • 8/16/2006 8:13 AM jf sellsius wrote:
    A bit of comment clarification, if I may.

    The overall point of my comment was that data (from one or more sources), COUPLED WITH visual inspection will probably get you closer to value than data alone. And a Zestimate is data alone. Visual inspection uncovers "unzillowables" either plus or minus. (an unzillowable in not always a negative factor, but rather one that affects price positively or negatively). I suggested that experienced local professionals are better equipped to factor in the unzillowables.

    Also, I suggested that, provided the data in the zestimate was fresh & accurate, brokers could use it as one more source of data, not the only source.

    I did NOT say that an agent would use the Zestimate as a BASELINE value, which implies (a) that the data is de facto fresh & accurate and (b)that it sets a value one must work UP from. So this point must be made CLEAR.

    Check our poll for the latest results.
    Reply to this
    1. 8/16/2006 9:53 AM Transparent RE wrote:
      Thanks for the clarification jf... I agree with you... we're not too far off in the interpretation... I don't consider the Zestimate to be any kind of defacto standard... your poll confirms this. I guess the word "baseline" was misused... we know brokers use a variety of sources for a CMA.

      Reply to this

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