Doesn’t Mean It’s Right
I’m constantly having to tell sellers that Zillow is wrong. What happened to not believing everything you read on the internet?
Last week I had to convince a home seller that their house wasn’t worth $2 million. Why 2 million? Because Zillow said so.
“Zillow makes no claim that the home prices they list are accurate. In fact they call them Zestimates and they state that they use a proprietary formula and that the number is not an accurate home valuation. Proprietary means secret and they don’t show their math and could be using a dart board.”
As much as I jump up and down people still believe Zillow.
Well on April 5th the State of Colorado got a little surprise when Forbes ranked Denver as the second-worst home sales market in the country. And where did they get the data to support this claim? Zillow.
The Wheels on the Bus Go Round and Round
Zillow gets thrown under by Forbes and will no longer be used. The article’s been pulled by Forbes.
Bottom Line on Zillow
They’re talking about inventory numbers. I’m talking about prices. Why doesn’t it work? It’s done by computers. The computer doesn’t discern that the house next door is a crack house; that one house has been updated by Uncle Fred on the side while the other was done professionally and thoroughly. The computer doesn’t know there’s a dog next door that barks and scares the buyers away. It doesn’t know the house smells like old socks.
Each property has to be evaluated by a human. Buyers buy on emotion. Home sellers need to capture that emotion. That’s why we use stagers and bake cookies.
Thinking about selling?
text me ~ email me ~ call me
I’m here to help.
Vicki Moore, Realtor
Alain Pinel Realtors
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