2007-04-04 11:42:37 · 3 answers · asked by trer 3 in Business & Finance ➔ Renting & Real Estate
It may hurt some of the really stupid ones. Zillow is accurate to within about +/- 20%. That means that if Zillow says a house is worth $100,000. You can be fairly certain it is worth somewhere between $80,000 and $120,000.
If your agent isn't better than that, he has more to worry about than Zillow running him out of the business.
2007-04-04 11:48:49 · answer #1 · answered by teran_realtor 7 · 0⤊ 0⤋
Not until it gets more reliable. Improvements in the formulas it uses are said to be coming soon. Even then, I would think appraisers would be in more danger than agents.
2007-04-04 20:04:18 · answer #2 · answered by Cardinal Rule 3 · 0⤊ 0⤋
Read:
http://www.bawldguy.com/zillow-is-the-pong-of-real-estate-valuation/
http://www.bloodhoundrealty.com/BloodhoundBlog/?p=1257
http://sandiegohomeblog.com/2006/12/07/while-i-was-sleeping-godzillow-strikes/
2007-04-04 19:04:54 · answer #3 · answered by austin_texan 3 · 0⤊ 0⤋