I have suspected that consumers rely on their zestimate more than we'd like to admit. It's been around for ten years, so it's familiar and easy. Because there isn't any other internet tool like it, homeowners follow their zestimate and fantasize about their equity...
Our listing in Fire Mountain is back on the market. The buyers, who according to their agent were in love with the house and the price, decided to cancel because of what they found out about the city restrictions. The City of Oceanside won't allow short-term rentals...
Zillow's full assault on realtors is ramping up. They are happy to buy your house for the amount of their zestimate, which in this fast-moving market can only mean that sellers are leaving money on the table - it's just a matter of how much. But sellers - who have...
This week we heard the the news that homes.com was acquired: Homes.com has a similar business model to massive real estate website Zillow, at least as far as Zillow's core business goes. Homes.com is a property listing portal that helps agents and brokers market...
An excerpt from Zillow's seller survey: With the rollout of vaccines against COVID-19, 70% of homeowners in a recent Zillow survey say they would feel mostly or completely comfortable moving to a new home when vaccines are widely distributed — and 78% of homeowners...
Today: This isn't the type of environment that you should put much stock in your latest zestimate. A month ago, on March 3rd, the zestimate was $1,336,035. Today, on April 4th, it is $1,723,510. Zillow wants you believe that their zestimates are within 1.9% of being...
Zestimate Accuracy
I also wanted to test the Zillow lead generator. Now that they have buried the three Premier Agents at the bottom of the listing, how do consumers get more information - and from who do they get it? They added the Contact Agent box at the top of the listing, which...
There are a few Zillow issues to unpack here, so let's start with them saying they are willing to buy your house for the amount of the zestimate - which is fine, if you don't care about cashing in on the actual value. In their press release, the boss claims that the...
Would you sell your house for the zestimate? They say their accuracy is within 1.9% with on-market homes - no kidding! Of course, they concoct the zestimate after the list price is published, just like Redfin does. There’s been no shortage of news when it comes to...
