Comments on: Incorrect Towson Zillow Zestimates Strike Again http://www.realtormarney.com/incorrect-towson-zillow-zestimates-strike-again/ Timonium and Towson Real Estate Agent Wed, 28 Jul 2010 20:28:24 -0500 http://wordpress.org/?v=2.9.2 hourly 1 By: Jerry Powers http://www.realtormarney.com/incorrect-towson-zillow-zestimates-strike-again/comment-page-1/#comment-1353 Jerry Powers Wed, 27 May 2009 13:23:28 +0000 http://www.realtormarney.com/?p=1449#comment-1353 I totally agree that Zillow's Zestimates are not accurate. However, in my local market, Tulsa, I'm seeing that their estimates are too high! I don't know how they are calculating the values in my market because the county tax appraisal is always lower. I use PropStream for determining my comps but I use Zillow, RealQuest, and Homegain to back up my comp value. However, I almost always find that Zillow is too high but RealQuest is usually real close to my value. And Homegain just gives a broad range so it's not extremely useful. I would imagine that homeowners using Zillow in my market to determine their house value drives the Realtors crazy when they go to sell it. Homeowners are always going to believe their house is worth more than what it is and I'm sure that it's a challenge for Realtors to convince them otherwise. That's where a good CMA comes in handy. As many people that use Zillow I just wish they would tighten up their value calculations! I totally agree that Zillow’s Zestimates are not accurate. However, in my local market, Tulsa, I’m seeing that their estimates are too high! I don’t know how they are calculating the values in my market because the county tax appraisal is always lower.

I use PropStream for determining my comps but I use Zillow, RealQuest, and Homegain to back up my comp value. However, I almost always find that Zillow is too high but RealQuest is usually real close to my value. And Homegain just gives a broad range so it’s not extremely useful.

I would imagine that homeowners using Zillow in my market to determine their house value drives the Realtors crazy when they go to sell it. Homeowners are always going to believe their house is worth more than what it is and I’m sure that it’s a challenge for Realtors to convince them otherwise. That’s where a good CMA comes in handy.

As many people that use Zillow I just wish they would tighten up their value calculations!

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