Do You Zillow?
Posted by Paul Caparas on Tuesday, December 15th, 2009 at 3:30am.
One of the frequent questions I get asked is "what do I think about
Zillow.com?" Well before I answer that question, if you don't know
Zillow.com, it is a website that provides Real Estate information such
as sold price, an estimated value of a home called "Zestimate" and
more.
Alright now for my answer, I don't hate it or love it, I just think Zillow.com is an okay tool. The reason why I think it is just an okay tool is there are some things like and dislike about it. What I like is the sold information that is listed so people can look at the comparables. What I dislike is the Zestimate. Lately I have been seeing Zestimates really off. I had a client that bought a home in Mira Mesa for $400,000 and the Zestimate was actually $510,000... Yes, off by $110,000!!! And what is also crazy is once in a while I would see some Zestimates that look right. I say, don't even look at the Zestimate because in the end, the value of the home is how much a buyer is willing to pay for it. So talk to a Realtor, discuss the comparables and that will put yourself in a great position whether buying or selling a home.
In the end, try out Zillow if you haven't already and let me know what you think. You may or may not like or be like me, a little bit of both.
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