Friday, October 26, 2007

Why Does Zillow.com Get So Much Attention?

I have to admit when Zillow www.zillow.com first caught every one's attention I was one of those people. I immediately logged on and looked up my house and had Zillow tell me what it was worth. Zillow didn't do a very good job! It still showed my home being a 3 bed 2 bath home with 1316 square feet. We remodeled about 5 years ago and my home is closer to 2300 square feet now and it is a 4 bed 4 bath. Right off the bat this website struck me as something that needed a lot of work. I have been reading recently and Zillow keeps coming up along with another site name Trulia www.trulia.com. I have not spent any time on Trulia, so I'll do that later. So, I thought I would check back in with Zillow. It has probably been over a year and nothing on my house has changed and there are many sales in my area that aren't represented. I'm still not impressed. I did start poking around and saw that I could go in and change the information they had on my home. O.K. that's a start, but if other people don't do it then how is the pricing piece of the site going to be accurate? I then poked around a little further to see what homes are for sale and landed on a small Goleta Tract home priced at $799,000. The Zillow estimate of it's value was between $1,060,000 and $1,500,000. This amount of inaccuracy drives me nuts and I decided to say good bye again to Zillow, even though there seemed to be many other cool features to check out. I just can't see how a website that got all this attention for being a site where someone could determine the valuation of their home is still getting a bunch of attention. I guess I'll check back in again in another 6 months or so to see what is happening. In the mean time if you want to know the value of your home I would call a trusted real estate agent, of which there are many. See You In Escrow!

3 comments:

Scott Williams said...

Greg, I just let www.primevoyage.com out into the net world. It contains a true CMA and allows you to pick the comps, even do adjustments for time, location, condition and S.F. You could see if that is more what you had in mind for evaluating your home. Scott Williams

For Sale By Owner said...

Thanks for the informative article. I like also Fizber.com. I've once visited real estate website Fizber.com and now I visit it every time I need some information on the topic of real estate. This site has plenty of services, for example Services Search

Greg Knowles said...

Scott, good luck with Primevoyage.com!

for sale by owner, I'll have to check out Fizber.com. Thanks for commenting.

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