You Can’t Trust Zillow And Its Estimates

When launched its website in 2005, the world was a buzz with the company’s ability to bring appraisals, called Zestimates, to everyone’s fingertips. It was fun to type in your own home address, or that of your colleague’s or boss’s house to see what they paid. Some of the estimates were way off and were course corrected by owner’s ability to log on, claim one’s home, and update the data will all relevant features under oath.

Zillow empowered buyers to become smarter shoppers by understanding comparables and knowing when and at what price the house was last sold. When you know the seller paid $1,000,000 at the top of the market for example, you know it would be ludicrous to pay more by definition.  Zillow brought once exclusive information, available only to real estate agents and people who paid for it to the masses. There was hope for an industry which generally is maligned for it’s two-faced ways, shady appraisal practices, and aggressive lending standards.

My biggest hope was that Zillow would make the markets more efficient for buyers and sellers, thereby cutting out a lot of unnecessary middlemen, and ultimately lower fees from 5-6% down to perhaps just 1-2% of selling price.  Boy was I wrong.


Zillow has created a heard of zombies who rely on their zestimates to tell them what value a particular property is.  Here’s a news flash for all of you: A property is only worth what someone is willing to pay for it.  As a seller, you can’t go around sticking to a selling price because Zillow or your real estate agent said your house is worth $1,000,000. If nobody has bought it after 6 months, it’s definitely worth less!

Buyers are no better when it comes to relying on Zestimates. A big problem with Zillow’s database is that it is based off comparable sales.  In the downturn, volume dried up, making real-time comparables hard to find.  All the data is lagging. Feel free to pull up estimates around the entire neighborhood to educate yourself, but if you have only one or two sales in the past 6 months to a year, they are hardly reliable.

Eratic Estimates

I’ve had Zillow increase the value of my house by 23% during the housing collapse.  As we begin to recover, their estimate has gone down by about 7% from the peak.  One of my rental properties also skyrocketed by about 25% during the housing downturn to about 50% higher than when I purchased it 4 years earlier.  Now the estimate is only about 17% when I’ve seen comps trade at 40% higher this year.  And one of my other properties can’t even get a Zestimate, even though there are many units in that building and is located in one of the best places in Lake Tahoe.

The point is, anybody trying to buy my properties during the multi-year downturn would be scratching their heads at ever increasing prices.  In fact, anybody trying to buy any property using Zillow during the downturn would be misled.  Now that prices are recovering with all the pent-up demand, low rates, and internet money, my estimates are declining.  Go figure.  There is a serious lag and volatility in their estimates.

Zillow’s best use is for trying to figure out what the seller paid and when. Their Zestimates and Rent Zestimates give ball park figures, but they are just one of many considerations one should take before setting a price.

 The Biggest Problem

The biggest problem I have with the real estate industry is not the shady appraisers, or the unscrupulous agents whose motto is, “It’s always a good time to buy, or sell real estate.” No. The biggest problem I have with the real estate industry is the absolutely ridiculous 5-6% selling fee the homeowner has to pay the real estate agent.

If it costs $10,000 to sell a $200,000 home, does it really cost $40,000 to sell an $800,0000 home based on a 5% selling commission?!  One could argue that it might take more effort to sell the $200,000 home, because it is likely in a less desirable, or lower demand area. Imagine if you owned a $2 million home, which is quite typical in places such as San Francisco and New York City. Are homeowners really expected to pay a whopping $100,000 to sell their home? This is utterly ludicrous and something that companies like Zillow, Trulia, and Redfin should have fixed.  But they haven’t.  Why is this?

The reason is simple.  Zillow is in cahoots with the real estate industry. They derive advertisement revenue from real estate companies and agents who want to use Zillow’s platform to broadcast their services and homes for sale. 74% of Zillow’s revenue comes from fees agents pay for customer leads and apartment leads, 8% comes from fees banks pay for mortgage leads, and 18% comes from advertising based on their latest 3Q2014 earnings results. As a result, Zillow goes limp dick on the fight to lower selling costs for sellers, which ultimately creates higher prices for buyers.

One of the biggest reasons homes remain illiquid and turnover remains low is transaction costs. If it only cost $10 bucks to sell your home, you’d probably be more willing to sell. But if it costs $50,000, you’ll think twice and might be stuck and lose money because of it. If the industry can drop down to a fixed fee model, or a scaling percentage fee which declines as the price of your house goes up, that would go a long way into helping the industry get out of its funk. The barriers to selling is just too high.

My proposed selling fee structure is simply $2,000 for every $100,000 value range in a home up to a $1,000,000 value cap. Hence, a $500,000 house will cost $10,000 to sell (2%). A $1,000,000 house costs $20,000 to sell (2%). While a $4,000,000 house also costs $20,000 to sell (0.5%). Sounds like a great solution doesn’t it?  Bring it up to any real estate agent and they’ll scoff.


Zillow relies on the industry to survive, and therefore will do nothing to disrupt the hands that feed them. Zillow’s product is producing a Zestimate which they claim to be accurate +/- 10%. That could be the case, but ultimately, if they are so accurate, and they have provided such a killer product, transactions costs should have come WAY down by now. The very fact that every broker here in San Francisco won’t go below 5% selling fee, even on a multi-million dollar house after the launch of Zillow and many other similar companies proves that consumers are the ones who are being screwed the most.

Zillow could have helped millions of sellers and buyers save millions more in transaction costs.  They should have stood up and announced to the world their mission to save people money and provide for a better real estate experience. Then, users would be clamoring hand over fist to use their product and transact instead of be part-time voyeurs who never will spend a dime or user their advertised agents.  Instead, Zillow decides to stay quiet in the face of a crime and follow the robbers hoping to catch hundred dollar bills that occasionally fall out of their stolen bags.

The main thing I use for is checking comparable homes sold in the area to get an idea on price. It’s good to see what their Zestimates are, but always take the values with a grain of salt. It’s fun to punch in your neighbor’s, colleague’s or boss’s house to see what they paid too.


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Updated 2H2015

Sam started Financial Samurai in 2009 during the depths of the financial crisis as a way to make sense of chaos. After 13 years working on Wall Street, Sam decided to retire in 2012 to utilize everything he learned in business school to focus on online entrepreneurship. Sam focuses on helping readers build more income in real estate, investing, entrepreneurship, and alternative investments in order to achieve financial independence sooner, rather than later.

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          • Marc says

            You keep trashing the 6% commission fee, but you have no idea the marketing costs to work with selling a home, the fees Realtors pay to stage a home correctly, to have a home photographed rather than take horrible pictures themselves, and to market a home for sale. Signs, websites, access to list a home, and the costs associated with selling a home aren’t free. So why don’t you do a little more research rather than make comments about what you don’t really seem to know a lot about other than some research and writing an opinion.

            • says

              Sure I know the marketing costs.

              I was quoted $10,000 to stage my house that I had to pay for.

              I know how much marketing handouts costs per 100 glossy pages. I know how much websites cost to run.

              In case you don’t know, I run a website, and have consulted in the marketing department of various fintech startups, and I’ve spoken to and visited over 1,000 realtors.

              Spending $150,000 via a realtor to sell my house is utterly stupid.

              No wonder why sellers are on strike and volume is so low. Why lose 6% instantly.

              What’s your background and experience?

  1. says

    I am totally guilty of using Zillow to look up my boss’s house, haha. I completely agree their values are volatile and far from real time. It’s fun to look up places in the neighborhood though to get more color on values and prior sales.

    You make so many interesting points on the agent fees. I like your $2,000 for every $100,000 proposal.

  2. says

    I used to look up in Zillow in the past however given the volatility in the estimates I have stopped using it. Real estate agents are not be trusted anywhere in the world is my motto. I have seen that in action in India, Canada and in this country. They are the same breed everywhere.

  3. says

    The thing about house prices is that your house is only worth as much as people are willing to pay for it. For example, in the 2008 crisis, many banks were threatened with writing off their real estate assets as $0 because no one wanted to buy it! Hence, it’s literally impossible to make an accurate prediction as to how much a house is worth.

    • JohnG says

      Well, yes, but this is true for virtually everything, including the price of milk at the grocery store, but that doesn’t mean that it’s not possible to come up with reasonable estimates based upon comparables in the same neighborhood.

      If comparable properties in your neighborhood are currently selling for $200,000, it’s a pretty sure bet that yours wouldn’t sell for $400,000. In fact, it’s not at all difficult to predict that your sale price is going to come in around $200,000, give or take a little.

      And this is what makes these “Zestimates” problematic: For about a year and a half, Zillow’s Zestimate for my house went up by 10s of thousands of dollars until they had it valued at more than double the market price for similar homes in my neighborhood.

      Even though my house is worth “what someone will pay” for it, that price would never, ever (under any circumstances) be twice the current market price for similar houses in my neighborhood.

      Tony, there actually is such a thing as a good vs a bad estimate, and it’s actually kind of silly to throw up your hands and say that estimates in general are wholly bogus, because they can’t predict the exact amount that someone will ultimately pay for a property.

      The fact of the matter is, good estimates actually do come pretty close. And the problem with Zillow is not that they are in the business of providing estimates but that they tend to produce unreliable estimates that vary widely for similar properties in the same market (even for similar properties that are right next to each other) and commonly trend in the opposite direction as the local market. (Astonishingly, mine doubled in value right in the middle of the housing crisis, according to Zillow.)

      • Ted says

        John, it’s not just that these online estimates aren’t consistent amongst similar nearby homes, but that they often suffer from the opposite problem too.

        Consider two houses next to each other, with identical square footage and room count. From the computerized perspective of real estate sites, the values are a match. But upon inspecting the properties, we find one to be a featureless stucco and drywall box with no built-ins, a terrible floor plan, and in dire need of new electrical, plumbing and foundation. The other home turns out to be a beautiful Craftsman jewel, with lovely built-ins, a wonderful floor plan, and recently upgraded electrical, plumbing and foundation. The result? It turns out the latter residence is quite capable of selling for almost twice the amount of the former.

        I know from personal experience, because my home falls into the latter category.

        So don’t take these online quotes too seriously without personal investigation.

  4. Darwin's Money says

    I used Zillow quite a bit last year when looking for homes but I didn’t trust the “zestimates” at all. What I liked was you could easily click on a property and see the prior home sales, prior list prices, etc. So, it was good for real historical data, but the zestimates were always completely off in my experience.

    • says

      That was our experience as well when looking for homes. Personally I prefer to use Redfin if it covers the area you’re looking at – it’s a much better interface and if you’re hung up on estimates it shows Zillow’s as well as eppraisal’s where available.

  5. says

    I take Zillow’s estimate, recent sales, and the county’s assessment to come up with a ballpark figure for our home’s worth for our monthly review. Most of the time the Zestimate is within the current range, but I’ve seen where it’ll jump up for no reason and then go back down next time I check.

    It’s a bit volatile for my tastes.

    • Udo says

      You recalculate an estimate on what you think your dwelling is worth as part of a “monthly review”? The way you mention it seems to indicate that you are under the impression that re-guestimating your home’s worth 12 times a year is normal….

  6. says

    In the absence of anything better, I’m forced to go with Zillow. It does make it easy to do a quick lookup! :)

    Now that they are a public company, they’ll have to get even more creative to make profits which of course, may not be aligned with what home owners would like to hear.

  7. says

    as a real estate investor, i find myself on Zillow quite a bit. that said, it’s more a sniff check than anything else. fluctuations are beyond belief, and mostly determines by the very last sale in the area (may it be a foreclosure sold at a significant discount). it’s good to use as a benchmark, but certainly not as a bible. i like broader MLS comps to get a “truer” / better picture of values. from an internet perspective, i like Trulia better between the two as i find it more accurate . . . here comes another dot com bubble.

    • says

      It’s a good sniff test, and better than nothing for sure. But, why haven’t they been able to lower selling commission rates from 5% down to 2% if they are so good? This is the real point of the article.

      • says

        The simple answer is that’s not their business model. You stated that your “hope was that Zillow would make the markets more efficient for buyers and sellers, thereby cutting out a lot of unnecessary middlemen, and ultimately lower fees from 5-6% down to perhaps just 1-2% of selling price.” The key word there is HOPE and the fact that it is your HOPE. Zillow does bring efficiency. I used my Zillow price to justify an artificially higher valuation on my home that allowed me to re-finance at a lower rate, get out of escrow, and pay off a HELOC. Could I have done it without Zillow? Probably, but being able to hand that data to the appraiser along with Trulia data and tell him the number I wanted surely helped and made my process far simpler.

        • says

          I’m not sure how it’s logical? How does reducing the rate that all buyers/sellers pay in commission help increase their website utilization? How does one monetize this because logic would dictate that Zillow should profit by making a market more efficient?

          Maybe you should create a website where realtors can bid on the opportunity to represent a property owner in a buying or selling transaction based on reduced commission percentages. This could achieve your hoped for Zillow goal. #givingawaybusinessmodels

        • says

          I’m not sure how it’s logical? How does reducing the rate that all buyers/sellers pay in commission help increase their website utilization? How does one monetize this because logic would dictate that Zillow should profit by making a market more efficient?

          Maybe you should create a website where realtors can bid on the opportunity to represent a property owner in a buying or selling transaction based on reduced commission percentages. This could achieve your hoped for Zillow goal.

  8. Money Beagle says

    Zillow is a tool and nothing more. I never expect that it accurately reflects what a home will go for. I do use it as one input to estimating my home price when I calculate my net worth, but there are other factors that go in.

    As far as real estate fees, on one hand I agree. On the other, I’m compelled to tell what happened when we bought our house and sold my condo in 2007. I complained openly that the realtor seemed to be making out excessively as he got the full commission on my condo and half on the house. When we were negotiating on the house, I was prepared to take the seller’s ‘final offer’. My realtor said, ‘Let’s go $5k lower’. We did and they accepted. He very politely pointed out that a good chunk of the fees I’d been b*tching about had just been erased because of his work. I couldn’t really argue. The risk with capping / lowering realtor fees is that the good ones stop working as hard, and buyers/sellers will end up paying, just in other ways.

    • says

      That’s a decent example, but is only known after the fact. If the seller didn’t have to pay 5-6% and only 1-2%, calculate what 2% times the price of the house you bought. That’s theoretically what you could have saved, which blows $5,000 out of the water.

  9. says

    I always thought the sales commission was somewhat negotiable particularly for higher priced homes. Although that can be a double edged sword since sales of homes depend on brokers who connected with the negotiation to sell it. They may back off it the commission is too low. I think there are some companies who offer a flat fee, but they are not the predominant force, so they are at a disadvantage. This smacks of a monopoly doesn’t it.

    Zillow and the other online services are dependent on real estate people for information which may contribute to the inaccuracy. When the market is moving up or down quickly, the information is even more inaccurate. I think I checked once and never went back. I find out more calling a real estate friend.

  10. says

    “Zillow’s best use is for trying to figure out what the seller paid and when.”

    Sam, that’s public information and many states and counties have sites that let you run a search on that sort of thing. The one for NJ lets you search by street address and it shows the actual price that the buyer paid as well as current property taxes, assessments, etc. I managed to find something similar for San Francisco but it doesn’t seem to have as much information. Here’s the link if you want to play around…

    It’s not exactly what you’re looking for but if you dig around a little you might be able to find what you need.

  11. says

    (This is a reply to your comment on the Sunil thread – for some reason I could not reply there)

    I’m not sure how it’s logical? How does reducing the rate that all buyers/sellers pay in commission help increase their website utilization? How does one monetize this because logic would dictate that Zillow should profit by making a market more efficient?

    Maybe you should create a website where realtors can bid on the opportunity to represent a property owner in a buying or selling transaction based on reduced commission percentages. This could achieve your hoped for Zillow goal.

    • says

      If you can’t understand how a reduction in transaction costs helps the market, I can’t help you. And if you can’t understand the reason why commission rates remain high and Zillow hasn’t pressed to reduce bc the real estate industry pays most of its revenue, I can’t help you.

  12. says

    I love Zillow, but more for amusement than an actual way to price the market. Besides price, I like the square foot and other info Zillow provides.

    When we sold our last house, someone tried low-balling us using some internet info and we walked away from them.

    We have always sold our homes ourselves, but that was always in good markets. I just don’t think it is realistic to expect Zillow to really know the value of a house. Sure, it can be a starting point, but then you have to take other aspects into consideration. For instance, our home backs up to a park and is totally updated. There is no way that Zillow incorporates that info into their price. Hopefully buyers are smarter than that, but if Zillow is underestimating (which they seem to be doing here), the buyer still may feel like they are getting a bad deal.

    No way would I invest in a Zillow IPO.

  13. says

    My reason for using zillow is to see how long the property has been on the market, how much it has dropped and how much they bought it for. I agree the zillow estimates don’t work.

  14. says

    “Here’s a news flash for all of you: A property is only worth what someone is willing to pay for it.”

    Amen, Sam! And it doesn’t matter how much you owe on the house or how much money you poured into upgrades and renovations, either. A lot of people make the mistake of thinking since they spent $30k on a new kitchen that the house is worth $30k more. Unfortunately it doesn’t work that way.

  15. says

    Zillow isn’t the only one in the game either. If I compare estimates from Zillow to and to, they’re all different and the highs and lows are absolutely not in the same ballpark. In the same token, the valuation determined by the country is WAY overpriced but then it’s in their best interest to do so, right? Anyway, if you’re not selling or getting a mortgage on the home then it doesn’t matter.

  16. Sheree Hudgins says

    I have noticed a street in my city where almost everyone has pulled their houses off Zillow. I don’t know how they did this or their rationale. I suspect it is the volatility of the market and that it is hurting property values. How is it possible to remove your property off Zillow?

  17. says

    As a Realtor, it’s a real problem when sellers strongly believe in Zillow’s “Zestimate” of their home. When all of the comparable sales within the past month show a different story, it still can be difficult to convince them otherwise. I’m not sure how Zillow’s algorithm works, but I think it needs a little work.

    I want to also comment on the “unscrupulous agents” thing. Being an agent myself, I know hundreds of agents. 99% of us are good, hard-working people who work often more than full-time just in order to make an average living. Remember, if you are paying 5% commission, that gets split four ways. It goes to the buyer’s agent’s broker, the seller’s agent’s broker, the buyer’s agent, and the seller’s agent. On top of that, as agents we have off the chart fees in order to be agents. We must be in the Association of Realtors, the national, state, and local, as it’s required by most brokers. We have MLS fees, lockbox fees, E&O insurance, advertising fees, etc. The average full-time Realtor income is in the 30,000’s, and that’s for those who put in at least 40 hours a week! With a few very rare exceptions, most of us have our client’s best interests in mind. I have often given up a decent commission for a lousy one in order to help out my buyers and sellers. Just the other day, I paid for a seller’s roof to be repaired, out of my own pocket, before escrow even closed! Realtors get enough bad talking, because people don’t know how the industry really works.

  18. says

    Too many people automatically rely on “authoritative” websites such as Zillow despite their own better judgment. When I ask clients what their house is worth and they begin by responding “Zillow says …” — I know it’s probably going to be way off in the rapidly declining central Florida real estate market. I ask them to tell me about the sales prices of homes like their home which are situated in their neighborhood, how many homes are in foreclosure, etc. Even the clients who start by reciting a Zestimate have a much better idea of the comparables, prices and market conditions. The Zillow data base is not remotely accurate enough to reliably establish comparables upon which to base their Zestimate.

    • Udo says

      To be more precise, people rely on the information IF it is favorable to them. A person whose house shows up on Zillow at 20% overvalued thinks Zillow is 100% accurate; The same person with a value 20% too low will tell you that Zillow is totally worthless.

  19. Marcia says

    I find that Zillow hurts home sales rather than helps them. Of course they’re promoting the buyers market and by listing their so-called zestimates which are always low, (besides including a lot of wrong data) they kill the chances of a seller ever selling their home for a decent price. We might as well give them away.

    • says

      Yes, with imperfect information comes imperfect bidding and selling. Zillow can be one of MANY factors used to assess a property. I hope people don’t use it as more than a 10% factor.

  20. babapapa says

    I think the “biggest problem” statement regarding realtors is a common misconception. However, one does not realize how much a “good” realtor can save a potential buyer or seller or realize how much work a “good” realtor does for their fee. One does not quibble about paying a high price when hiring a lawyer to look over complex contracts that could potentially leave an unsuspecting individual at a massive loss or in a legal mess, had they not consulted a professional. Buying and Selling Real Estate is not that much different. Just like all the professions it takes a few bad ones to tarnish those who are more than worth the money they are paid

  21. Martin Murphy says

    They based their estimates on previous sales. That means if someone sells their home at a rediculously low, you could get screwed with their appraisal of your home.

    Someone should sue them for false claims. Or better yet, they should leave out that portion on their web site.

  22. GG says

    Zillow estimates are way off many times. I was able to buy a distress sale in my building for about 20-20% lower than the market. Ever since, Zillow continues to list the unit at 20% lower than every other unit in the building(even lower than my purchase price), even though there are sales going off at 30% higher per sqft price in the same building (in many cases in units not nearly as good).

  23. Let Them Starve says

    Zillow is a complete DISAPPOINTMENT! I still can’t believe after 40-50% decline in sales volumes for 3 years in a row the 5% selling commission has not been lowered.

    Every single business has seen lower commissions thanks to the internet. Not the real estate market b/c they are in collusion.

    Zillow estimates cannot be trusted. Too easily manipulated.

  24. Alan Wendt says

    There are two identical vacant lots across from my house at 1120 W Ironwood Dr in Phoenix. Zillow thinks that one of them is worth $11,000 and the other one’s worth $272,000.

  25. Robert Davis says

    Zillow took my property 5 years ago in Florida from around $1,000,000, down to $400,000 then in the last year up to 2,300,000, and now down to 1,600,000. Talk about a roller coaster ride.

  26. Ryan says

    I completely agree with your complaint about selling costs and for the exact reasons…it HAS to be a fixed fee model and it’s amazing that competition hasn’t come in to force it down. The huge costs (I’m a new homeowner in a currently hot neighborhood of San Francisco) to ever sell has me contemplating alternatives (getting my own real estate license, self-listing, etc…but I know the market doesn’t make it easy)

  27. Gareth says

    Spot on. Also I have left negative, but well considered and honest feedback for unscrupulous realtors on Zillow – and they simply don’t publish it. Until the agents get out of their pocket it isn’t anywhere near an honest guide to anything relating to home buying or renting.

  28. Gregg says

    As a Realtor I can state factually the Zillow offers a sub-standard product and for the consumer Zillow also offers a sub-standard product.
    From a Realtor’s perspective having use lead generation systems which can cost $1500 for several months, I would have been better served by advertising In print media, which is not ideal in itself. They are not innovative, their technology is not robust and their product is lousy.
    From a consumers perspective their product falls way short of being a reliable source. Outdated dated bases, faulty data, estimates that many times are not nearly accurate.
    It escapes me as to how this company has been sold to the public and the stock price it currently sits at.
    Zillow is a company I would never refer a client to nor one that I would ever use again.

  29. Earl Gray says

    I am an investor and own several rental properties. I recently complained to Zillow about erratic data in several Zillow estimates.

    All of a sudden (within 48 hours of my complaint) all of the properties I own had their “make me move” prices taken off (all at once) even though I had recently “renewed” several of them, and I can also no longer get into Zillow using the account that I “claimed” the properties with.
    I know my password is correct (I have a password manager) but the site says it isn’t, and when I go to recover/change it, the website now just ends the process with “ERROR” I started a case with customer service 5 days ago and got an automatically generated email, but no other response since… Just in case, I started another case, got the auto-response, and haven’t received any reply on that either…. I don’t know if I have been blocked, or what is happening (I have no way of knowing for sure) but the timing is amazing, and the response is nonexistent. (Stay Tuned)

    As for “Zestimates” themselves… They are absolute junk. Actually worse than junk, because they tout them as having value, and quite a few people listen. I have 3 properties that are identical (yes literally identical) on the same street, built at the same time, by the same builder, with the same floor plans, same amenities, lot size. etc. etc. Zillow shows them at various times being as much as a 25% difference in value… I have other units that have (according to Zillow) gained and lost 25% of their value is a day, only to gain or lose it back a month later (for no good reason) and then have the whole affair disappear a month after that. Imagine trying to buy or sell looking at THST kind of estime(s). Completely…. Demonstrably….. Preposterous.

    The problem is that some times, people have to sell. And sometimes quickly Luckily I am not in that situation, so I am not making a “my house is worth more” argument, but I digress….When Zillow gets is worng (and they often do) somebody gets hurt, and the house that sold for a lower value (based on a faulty estimate from Zillow) goes into the next “Zestimate” and down we go in a spiral… Meanwhile, Zillow tells desperate agents, they “need” them to sell houses. The quintessential “self fulfilling prophecy” in this case with something to gain by Zillow perpetrating it….

  30. josh says

    I have recently tried to sell my house thru a real estate agency and they have put my house in zillow. The problem is the school district is wrong and it ranks 2 out of 10 and the right one is 7 out of 10. from 2800 viewers I had 2 people that came to see the house. zillow causing me loosing money with their inaccurate information. After contacting them more then few time also thru my agent … no reply.
    What can I do?
    Thank you,

  31. says

    Values change from home to home in high density areas and from block to block in suburban ones. Yet, AVMs aggregate data from “rings”, for example, a 1 mile radius around your home, which often includes areas of greater or lesser desirability. As a result, home values are skewed. Baseless comparisons are never fun to work with, are they?

  32. Turnstone says

    I actually like Zillow and Trulia a lot. They provide an interface that is easy to use and full of information. I am working with a realtor for my weekend home purchase, and it is fun to see all the homes available, inside and out, as well as the land and the neighbors street views. I have also compiled a spreadsheet with over 50 somewhat similar homes to use a comps for the one I am looking. I find the recently sold home information very valuable, specially when I can see the pictures and really compare homes. I never, ever look at their estimates or trends. My spreadsheet is more accurate because it contains truly similar homes in all the aspects that are important to ME.

    • says

      Turnstone, that is exactly how you use Zillow and Trulia. If you use it for anything else, it either gets complicated or the information can be very inaccurate.

  33. soultana says

    A realtor wanted to sell my house for $49k. But I went to a bank and the banker told me my house worth $99k or more due to all improvements and the age of the house is newer. I don’t trust Zillow or the realtors. The calculations go only 2 miles radius, where the banker told me to go 5 miles radius around my house, them price it to homes who are similar to yours.
    The realtors are for their pockets and rip off homes from owners of their profits.
    i met several home buyers who told me, ” I got my house practically for nothing”!
    I have buyers who come to see my house and their cars, suv’s, hummers’ are more expensive then my house. for some buyers with expensive cars only their hub caps are worth more then my house whole furniture. Everybody is a scammer and a free loader. If they want cheap homes there is the ghetto.

  34. soultana says

    Zillow and Trulia are total scam! The home prices are so low, invites all the criminals to buy homes in good neighborhood and create one big ghetto city. The good homeowners who put so much money and effort to keep their home intact, now they are forced to move to a new locations due to many home buyers who are moving in, and cannot take care well for their new homes, creating poor neighborhoods, and all the good home prices are plunging down to nothing! The sellers are loosing almost 50% of their home value.
    Senior citizens are most victims ripped off their homes who are trying to sell their homes to move to assisted living facilities. Zillow and Trulia created a rip off web.

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