The Zillow iBuyer program failure is a complicated and nuanced issue. What was the Zillow iBuyer Program? The Zillow iBuyer program was a program where Zillow would buy a home directly from a homeowner/seller to allow the homeowner not to have showings, get the home ready to show, etc. Zillow then would own the house [...]
Zillow Zestimates are still incorrect in Baltimore and beyond. Recently, the founder of Zillow bought a home. He paid $1 Million ABOVE the Zestimate for the home he bought. This was reported in a real estate industry newsletter called Inman, who got the information from an article on the Variety website. From the November 11, [...]
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 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 [...]
A Class Action workers compensation case by Schibell & Mennie 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 [...]
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! [...]
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 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 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 [...]
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 [...]