Zillow Frustrations
I received an email today from a woman who contacted me through my website because she is absolutely fed up with Zillow. She currently has a listed home on the market (nwmls and not listed through me). The issue is, and I've heard about this time and time again, is that Zillow is not showing the correct information on their website regarding the house thus showing a substantially smaller Zestimate than what the home is currently listed at. The square footage on the county website shows the correct amount but Zillow shows less, resulting in a lower Zestimate.
Zillow's attempt to help solve this kind of problem is to allow owner's to make changes to their Zillow data. That's great and all, but the issue still remains, that when a buyer types in a property address to see what the value is, one of the first thing they see is the Zestimate compared to what it's listed at and that's going to turn off a lot of potential buyers if the price is way off. She's sent emails to Zillow (not sure about phone calls) with no response. I recommended she seek some legal counsel to see if they can't get Zillow to modify their data.
What would you recommend this seller do since Zillow is hurting her chances of selling her home? Are you a Seller or Realtor who has had this issue with your clients? What have you done to help rectify this situation?



Comments
Hi Beau, it's David from Zillow.com.
We've just corrected a data import error that should have solved for this problem. If not, please let me know.
This week we added Discussion forums to Zillow which are a great way to pass on this kind of feedback. For future reference, you can find them here; http://www.zillow.com/forum/site/Index.htm
Thanks for the feedback, have a great weekend.
Posted by: David Gibbons
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July 20, 2007 4:17 PM
Thanks David for filling me in. I will check out to see if the data was corrected and direct her and others to your forum for future issues.
Posted by: Beau
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July 20, 2007 4:36 PM
Beau
Thanks for highlighting the confusion that AVM create.
A home price is determined between the homebuyer and sell, not by a Zestimate.
HomeGain, had the original
AVM on its site from 1999-2001 and recently brought it back. you can try it on homegain.com or homscape.com or on usatoday.com
AVM's are notoriously inaccurate. I would recommend rather than trying to "correct" data that the realtor educate the customer on what
AVMS can and can not do.
Here are some useful article on the topic.
http://www.homescout.com/values/
(homescout is a division of homegain)
Other site providing AVM's
Yahoo real estate
realestateabc.com
cyberhomes.com
and the list goes on and on-Point is that Zillow nor any other AVM is the authority on valuing homes.
Posted by: louis cammarosano
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July 21, 2007 9:58 AM