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Old 02-28-2008, 02:43 PM   #1
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Default Was watching the Morning show...

Has anyone used this website? Its pretty nice actually

Zillow.com
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Old 02-28-2008, 02:51 PM   #2
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All the time..but sometimes the information contained is wrong. It is best used as a rough estimate kind of info. But it is nice to see the "Zestimate" being more than what we are offering LOL
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Old 02-28-2008, 03:19 PM   #3
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WAY off. The house I sold in Albany is a 1400 square foot with 3 bedrooms and a bonus loft.

They have it listed as a 2BR, 1142 square feet.
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Old 02-28-2008, 03:26 PM   #4
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That site is an entire farse.

The only thing you can trust on that site is the sale amounts. Even that is nothing special to retreive. Sale amounts are public information that can be obtained from the assessor of all townships, cities, or villages in the United States.

As far as zestimates, those are a joke. They assume straight-line appreciation nationwide based on the cost of goods annual increase which is an ENORMOUS fallacy. Every market is different and just because COG went up, does NOT mean housing appreciated in the same manner.

Use with caution, to say the least.
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Old 02-28-2008, 03:27 PM   #5
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It says my grandma'* house is worth 99k, yet the house across the street IDENTICAL to it is worth 115k? WTF?!?!?! her house was appraised in 1998 for $114,900. It'* a 1955 3BR 2 BA ranch home.
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Old 02-28-2008, 03:30 PM   #6
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A 10 year old appraisal report is hardly reliable. Appraisal reports are considered "old" or of "no use" after 30 days. The markets change very quickly.
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Old 02-28-2008, 03:31 PM   #7
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Wow.....30 days. Holy crap.
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Old 02-28-2008, 05:20 PM   #8
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Its off on a few houses that I know of too.
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Old 02-28-2008, 07:12 PM   #9
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they were pretty accurat with my house.

they said

house sold for $125,000
zestimate $129,500
4 bd rooms, 1.5 baths 1871 sq ft

i paid $125,000 ( seller paid $5000 closing cost )
my house appraised for $149,000 ( in its current condition )
i have 5 bd rooms, 3 floors, 2.5 bathrooms and its actually 1,984 sq to be exact..

so yeah keep in my its just an zestimate
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Old 02-28-2008, 07:44 PM   #10
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You seem to know alot about real estate Vital. Are you in that business?
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