I Am A Local Real Estate Expert - Zillow Is Not

Reblogger Michele Sims
Real Estate Agent with Affinity Real Estate, LLC

 

I just read thisi blog by Leese Finley and I ound waht she siad to be true and I just wanted to share.

 

Original content by Leesa Finley NC #129285

I Am A Local Real Estate Expert - Zillow is Not

Wake Forest NC Real Estate AgentWhether you are thinking of buying a home or possibly selling your home you more than likely have stumbled upon Zillow and thought you hit the mother-load of real estate information!  It's a fancy site with Zestimates, has homes marked on a map that are either currently listed or have recently sold, and you can spy on your best friends home on the other side of town to see what it's worth and that's cool, right?  Wrong!  Well, if spying on your neighbor is cool to you then that's your business BUT if you are thinking of buying or selling a home then you want to steer clear of Zillow.

You see, I cringe when I speak with a buyer or seller and they come at me with all their research from Zillow.  They already have a predetermined listprice based on what they learned from Zillow or they think they already know if a home is over or under priced with information they received from Zillow.  Well, let me set the record straight - more often then not, Zillow is inaccurate.

Zillow is a computer generated program that acquires information from various sources and then runs it through a program to give you information based on a mathematical equation.  Trust me, there is no human sitting at a desk inputting data about all of the homes throughout the country.  What Zillow can not replicate and therefore will never be able to accurately price real estate is the human touch and the ability to physically see into other properties.

Zillow does not take into account upgrades and/or updates to a home or lack thereof.  It doesn't know:

  • While your home may have Formica countertops your neighbors have all upgraded to solid surface counter tops.
  • You have replaced your carpet, vinyl in the kitchen and bathrooms and updated the appliances while your neighbors have carpets that are worn thin, 15 year old outdated vinyl and brass fixtures from the 80s
  • ZILLOW DOES NOT KNOW THAT THE HOME NEXT TO YOURS WAS A FORECLOSURE ANDWake Forest NC Real Estate Agent THE PREVIOUS OWNER RIPPED OUT ALL THE CABINETS, TOILETS AND MADE OFF WITH THE COMPRESSOR UNIT TO THE HVAC.

All Zillow knows is what is found on other public sites - statistics.  There is no room for the human touch.

So, please, if you are thinking of buying or selling a home don't consider Zillow as your source for pricing.  It's a fun site - lot's of bells and whistles - cool tools and great graphics but that's about it.  If you are serious about buying or selling real estate then you want to rely on a real estate professional that can add the human element and knows your neighborhood and the local real estate market. 

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Whether you are buying or selling Real Estate in Wake Forest NC it just makes sense to use a Realtor® that knows the area!  I live here, work here and play here - I call Wake Forest NC home!  For more information regarding Wake Forest NC be sure to visit my websites:

  • Leesa Finley - Homes for Sale in Wake Forest NC, Wake Forest NC schools, restaurants, shops, entertainment and MORE....
  • Circa Properties - My company website with information for the entire Raleigh NC area including Cary, Apex, Garner, Franklinton, Youngsville, Holly Springs and MORE....

 

 

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Rainmaker
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Lance Owens (RS)
LUVA Real Estate - Kailua-Kona, HI
Luxury Real Estate and Vacation Property sales

Well said Michelle,

I had those same sellers walk into my office, cant throw them out fast enough - Just Kidding.

But you do end up spending a lot of time educating them on the real world. You know what gets me even worse than that though - the guy that walks in with all the RealtyTrac.com misinformation!

Thank you for putting such an educted blog together on this

Aloha

Lance

Aug 03, 2010 09:07 PM #1
Rainmaker
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Michele Sims
Affinity Real Estate, LLC - Alamogordo, NM

Thanks Lance, but I cannot take the credit Leese Finley wrote the blog. I think she did such a great job and said iat so well that I just had to re-blog.  

Aug 04, 2010 08:27 AM #2
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