Posts tagged Zillow

Trulia Enters the Cluttered and Confusing Home Valuation Arena

With one more entry into the (automated) home valuation arena, how does one make sense of all the methods of valuing a home in this market?

There are at least six methods of home valuation out there right now; I know that my customers and clients are going to use the ones that they find; my challenge in advising them is to put these valuations in context and either demonstrate their respective accuracies or most likely, prove just how wrong they are. And why.

Trulia’s Estimates – (automated) – “Trulia has jumped into the home value game.” Now that they’re here, so what? While the Trulia Estimate are only in San Francisco right now, presumably they’ll be making their way nation-wide.

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Knowing This, Would you Trust Zillow?

It’s been a while since I’ve taken an in-depth look at Zillow; generally I tell my clients that it’s good for content but not actual good, conclusive, base-any-real-decisions-on-what-it-says.

If you’ve been using Zillow’s zestimates and trends to understand the market, not only are you finding that you were misinformed, but now you really don’t know how misinformed you were (or are).


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If You’re Looking at Zillow to Value homes in the Charlottesville Area

Heck, Greene County’s not even there .  Of course, they “only” represented 10% of all homes sales in the Charlottesville MSA last year. 🙂 Median sales price and volume of single family, attached and condo sales for Charlottesville MSA in 2010: Sales by area - Charlottesville MSA - Greene County Highlighted Note: the less metropolitan/urbanized/populated areas are less accurate. … For now, “But until Zillow gets a lot smarter, I don’t recommend making it a trusted bookmark. ” Virginia Data Coverage and Zestimate Accuracy - Zillow - Albemarle through Fluvanna Virginia Data Coverage and Zestimate Accuracy - Zillow - Charlottesville.jpg In time of course, they will get better. It’s best not to underestimate those with piles of money and lots of smart people. Thanks to Dan Greene for pointing this out ; I’d seen it a few years ago but forgot all about it.

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Showed Houses in Charlottesville Last Week -or- Why AVMs Suck

Zillow hasn’t been in the three townhomes in another neighborhood in Charlottesville , one of which needs to be gutted, one with a moist basement and mold coming on a piece of ceiling hanging from the bathroom and another one that absolutely needs to be taken to the studs.

…The product of an automated valuation technology analysis, public record data, and computer decision logic combined to provide a logical calculated estimate of a probable selling price of a residential property. … An AVM typically includes:   â–ª An indicative market value for many residential properties nationwide.   â–ª The Tax assessor’s indication of value, if available.   â–ª Information on a subject property and recent sales history.   â–ª Comparable Sales analysis of like properties.

…Cyberhomes puts it at $184,842 , the price range is $166,357 – $212,568: – You have to agree to have a Realtor contact you to provide the report.

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Zillow Steps Beyond Free – Rental and Search

2 – When searching for homes for sale, you will be able to search by monthly payment – homes for sale and for rent. 3 – The spammy craigslist will see some real competition 4 – Eventually (I’d wager) Zillow is going to charge for everything they can. … Real estate blog roundup: Zillow starts charging for listings – 1000WattJoel Zillow adds Rental Listings – Charges for them – Tribus Zillow Adds Lease Search, Fills in a Critical Gap in the Their Offering – AG Zillow to Go Head to Head With, RPR & Your Wallet? – AgentGenius Announcing: Rental Listings and Search – ZillowBlog Zillow Adds Rentals – RCG My notes from the phone call yesterday are below. … In the Charlottesville Current market – a lot of homes are for sale or rent.

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