Zillow - For Entertainment Purposes Only

By
Real Estate Agent with RE/MAX Components

 

 

That's right, I said it.

Zillow - It's for entertainment purposes ONLY!

Type in an address, any address, wind 'er up and let 'er go!

BAM!

Your home is worth: 500,000

Yours? 437,000

And yours?

MAKE ME AN OFFER!

Go ahead, make me an offer!

I dare ya.

Ok, Z...I just bought all new appliances.  I want 15,000 extra for those. They're top o' the line.  The salesman said so.   So, I"ll take ummm, er....say, 349,999 for mine.  Nine rhymes with mine.  Ha!

BAM!

Seller says 349,999 going once, twice...SOLD for 192,500**

 

 

That was very entertaining, if I say so myself,

Lanette in Bel Air

 

**That's Z-bucks - 192,500 Z-Bucks, folks.

 

 

BTW, if you're looking to sell your home and you'd like to know what your home is worth in today's market, call me. I'll do a professional CMA and let you know.  I'll tell you in US Dollars, too, not Z-Bucks...'cause telling you your home's worth in Z-bucks just wouldn't be cool.

Posted by

_______________________________________________________________________________________

All the best,

Lanette in Bel Air

friend me on facebook  twollow me on twitter  flollow me on flicker  yollow me on youtube  lollow me on linkedin  Google Lanette  Email Lanette  Visit Lanette at her website

 

 

 

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Re-Blogged By Re-Blogged At
Topic:
Home Selling
Location:
Maryland Harford County
Groups:
Localism Success and Accountability Group
Local Expert
Club Chaos
"Whacked"!!!
Tags:
zillow
cma
whats your home worth
selling your belair home
lanette branch
lanette in belair
sell in belair

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Ambassador
1,681,721
Richard Weisser
Better Homes and Gardens Real Estate Metro Brokers - Newnan, GA
Richard Weisser Coweta Newnan Homes for Sale

Lanette...

Cute post about the famous estimates that start with "Z"

Featured in the Group "Whacked!!!"

Aug 12, 2010 09:31 PM #1
Rainmaker
340,047
Robert May
Verico Canada First Mortgage/ Rainbow Realty - Lethbridge, AB
Real Estate Expert & Mortgage Broker- Lethbridge

 I see tons of listings where they flaunt the Zillow estimate in the ad, obviously because it is so inflated over the actual market value of the home.  I am amazed that Zillow doesnt adjust itself so it isnt such a joke.

Aug 12, 2010 09:37 PM #2
Rainer
12,728
Keith Bennett
Premier Mortgage & Real Estate - Santee, CA

haha, funny... I like it.

Aug 12, 2010 09:37 PM #3
Rainer
18,368
Wallace Ashby
Bison Properties - Portland, OR

I recently ran into this "zestimate" they come up on the listing side.  The seller was adament that his home was worth $25K more just because Zillow said so.  Ironically, no one reads the fine print about these estimates.

Aug 12, 2010 09:39 PM #4
Ambassador
935,420
Ralph Gorgoglione
John Aaroe Group - Los Angeles, CA
California Real Estate (800) 591-6121

Lanette,

You should check out my blogs and join our group called "Putting Zillow to the Test"

Aug 12, 2010 09:41 PM #5
Rainmaker
130,403
Lanette Branch
RE/MAX Components - Fallston, MD
Bel Air, MD REALTOR

Thanks, Richard et al. 

Just simple-minded ramblings about one of my favorite sites - NOT.

Aug 12, 2010 10:12 PM #6
Rainmaker
438,313
Marcy Moyer
Keller Williams Realty Palo Alto Probate & Trust Specialist - Palo Alto, CA
CDPE

I love zillow, when they agree with me. i must say they are more accurate than cyberhomes on epraisals.com

Aug 12, 2010 11:51 PM #7
Rainmaker
645,240
Team Honeycutt
Allen Tate - Concord, NC

I think they are totally useless. The only time they help is when the buyer sees that they bought the home for much lower than the Zillow estimate - then they think we are wonderful for getting them such a deal!

Aug 13, 2010 09:17 AM #8
Rainer
337,983
Jennifer Prestwich
Henderson, Thornton, Broomfield and Westminster - Henderson, CO
Your Castle RE Colorado

Funny how Realtors (including me!) find Z to be in the useless category, but so many homeowners consult it like it's the bible!  I am constantly reminding my husband that those zestimates aren't very realistic, though I truly wish they were.  

One of my favorite things when you consult a Z map of neighborhood values is when the alley is valued at $699,000!

Aug 15, 2010 07:39 PM #9
Rainmaker
310,168
Michael Delaware
Troxel Realty Co. LLC - Battle Creek, MI
REALTORĀ®, CRS

A sad, but very funny accurate presentation on Zillow.  I wish more people could see this post that are taken in by that site. 

Aug 16, 2010 08:52 AM #10
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Rainmaker
130,403

Lanette Branch

Bel Air, MD REALTOR
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