Zillow Zestimates

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Zillow Zestimates May Be Inaccurate Again and Again in Baltimore

July 25th, 2016

Zillow Zestimates may be inaccurate again and again in Baltimore. Zillow Zestimates. Buyers often look to them, thinking they are a good representation of a home's value. In reality, often (not always, but often,) Zillow Zestimates can be off. Especially in Baltimore County. This happens across the country. The Los Angeles Times published an article regarding this [...]

  • Towson Zillow Zestimate January 2013

Towson Zillow Zestimates Incorrect and Problematic

January 26th, 2013

Towson Zillow Zestimates continue to be incorrect and problematic in the public's understanding of the value of a home. I listed a Towson home that will be coming to the market in March. We have completed our paperwork, and are readying for the Baltimore real estate market. One thing we discussed was their rather low [...]

Wells Fargo HELOC Class Action Lawsuit

March 20th, 2012

A Class Action Lawsuit has been filed against Wells Fargo due to reductions in HELOCs all over the country. In May of 2009, I wrote about Towson Zillow Zestimates affecting a client's HELOC loan, and how his line of credit had been reduced right in the middle of construction on the property. This is what [...]

Baltimore Zillow Zestimates Still Off

February 7th, 2012

Baltimore Zillow Zestimates are still often off from true value, despite the change in algorithms last year. "Desktop Valuations" are a quick way to look at the potential value of a home, but they do not take many factors into consideration, and some of the things they DO use to determine a value should not be used! [...]

A New Low for Incorrect Zillow Zestimates

August 31st, 2011

Last night, Zillow posted a tweet, inviting you to look at this glorious mansion on the market for $35,000,000. Please note, that is $35 MILLION. The amusing part to me, is when I clicked on it, directly under the asking price is the Zillow Zestimate: $396,500. Yes, you read that right, Three hundred ninety-six THOUSAND, [...]

Computerized Appraisal Problems

January 5th, 2011

Computerized appraisals have been an issue for awhile, but recently, they have become a problem for a much larger group of people. Appraisals done by people in general are both objective and subjective, which means that often if you had two professional appraisers come to your house, you would likely get two different price opinions, [...]

Realtormarney.com is Baltimore’s Best Real Estate Blog on Zillow

August 13th, 2010

Realtormarney.com was voted by readers as Baltimore's Best Real Estate Blog on Zillow! Though I have my issues with Zillow and the very incorrect Towson Zillow Zestimates, it is still an honor to be nominated for best Baltimore real estate blog, and even more so to have the voters choose my blog to win! The [...]

Baltimore Zillow Best Blog Nomination

August 2nd, 2010

Zillow has named its' top 10 real estate blogs in Baltimore based on traffic, and realtormarney.com is one of them! I am proud to have been nominated, and the hard work I put into my Towson real estate blog is being noticed. You can vote every day until August 11, 2010 at midnight, so please [...]

Incorrect Towson Zillow Zestimates Strike Again

May 26th, 2009

Memorial Day brings families together, and discussions many times go to real estate, especially when you have a member of your family who specializes in that field. I like to know my Towson real estate marketplace so when I am asked how much a home is that someone passed on the way to my house, [...]

Misleading Towson Zillow Zestimates Explained Further

May 21st, 2009

As I wrote March 2, Towson Zillow Zestimates in general, are statistically off by a large amount. Last week I had a client call me because his HELOC was reduced by a large amount right in the middle of construction to improve his home. He could not understand how the bank could make the determination [...]