AZ calling out zillow on their BS!

[cdog]

http://www.azcentral.com/arizonarepublic/business/articles/0414biz-zillow0414.html

[beaverretriever]

I have always said Zillow was a joke.
Just this week, I looked up a few houses in my neighborhood that have recently sold in the current slow market.
Zillow shows what they sold for and what the original 'zestimate' quote was. They were off a good 50-85k on almost all of them. :eek:
I would be pissed as well. Consumers that are looking at houses actually use that site and believe what it says.

[dumbandyoung]

zillow is a joke. zillow doesnt follow market trends or does not physically go to a neighbor hood or home to find comparisons. IMO you need a human being. Call a Realtor.

[Screaming Pete]

do they run high or low...........or just all over the place???

[All-Star]

They are all over the place.... and just no method to their maddness.
Whatever!:idea:

[beaverretriever]

do they run high or low...........or just all over the place???
Every area I have ever checked they have been way low. The best one ever was a house in Boulder City Nv near my parents they said was worth 550,000 sold for over a million.. They were not even close.

[BrendellaJet]

They are right on the money in my neighborhood. South OC.

[INFINITEJJ]

They are right on the money in my neighborhood. South OC.
YEP! North O.C. also.

[Rock-A-Bye-Baby]

I think that Zillow is a work in progress. I am not sure about the areas that you all mention that are not accurate, but speaking for the accuracy of OC, i bet it's because there is a lot more data due to the volume of houses sold.
Its my best guess and I could be misinformed.

[cdog]

I think that Zillow is a work in progress. I am not sure about the areas that you all mention that are not accurate, but speaking for the accuracy of OC, i bet it's because there is a lot more data due to the volume of houses sold.
Its my best guess and I could be misinformed.
As a matter of fact. It's terriable in OC. Most of the newer homes built in the last 10-12 yrs. have wrong if any tax info. They will take a luxury home up the street with 5 beds 4baths & a 3 car garage and comp that to a attached home 1/8 mile away with 3 beds and 16oo sqft.. The values are all over the place and the ranges often very 100k +. It's only great if it tells you what you want to hear. Good luck selling it for that price. But what do I know? I just sell homes for a living.:)

[My Man's Sportin' Wood]

From what I've seen, it's pretty inaccurate. Way low for out here. I know it's the boondocks and all, but I'm only 7/10 mile from 2 major grocery stores, pizza, hollywood video, walgreens, gas, etc. It rated our 2.5 acres and 1600 sq ft house at $195,000 LOL

[Roxysnow]

Damn! It's free! If you want exacts, order an appraisal or have your title rep get you access to something better! (and that site is only good for seeing a satelite view of your house!)

[My Man's Sportin' Wood]

If a piece of junk is free, that makes it . . . a free piece of junk.
I guess if it was wrong $500K in the OTHER direction, I wouldn't think it was so bad, though. LOL