Wake
Active member
Looks greatJust got an offer acepted on a new house
ISd834s6mllzrp1000000000 by Brianbigoats, on Flickr
Just need to sell the old one now
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Looks greatJust got an offer acepted on a new house
ISd834s6mllzrp1000000000 by Brianbigoats, on Flickr
Just need to sell the old one now
Current house under contract in 7 days so closing has been moved up to Feb 18th from March 26th. While this is awesome I now have three weeks to get ready to move, this should be fun!
This is fantastic news. Finally get to move on and get on with your life. I'm extremely happy for youI hear you. Sold mine Monday and closing is the 26th of February. Now scrambling to get into a new place
I hear you. Sold mine Monday and closing is the 26th of February. Now scrambling to get into a new place
Generally speaking they are a joke. If you live in a large community of similar style newer homes with no real variation it will probably be close, but other than that it is possibly very wrong.Very interesting article in the LA Times regarding Zillow Estimates and their "accuracy".
http://www.latimes.com/business/realestate/la-fi-harney-20150208-story.html
"nationwide Zestimates have a "median error rate" of about 8%."
" in New York County — Manhattan — the median valuation error rate is 19.9%. In Brooklyn, it's 12.9%. In Somerset County, Md., the rate is an astounding 42%. In some rural counties in California, error rates range as high as 26%. In San Francisco it's 11.6%. With a median home value of $1,000,800 in San Francisco, according to Zillow estimates as of December, a median error rate at this level translates into a price disparity of $116,093."
Zillow estimates are garbage, much like the site in general. Inaccurate information more often than not, and estimates that are usually way off base. In a cookie cutter neighborhood, zillow can be somewhat close. If you're on the water however, not so much. We've seen it be as much as 20-25% off on homes with premium locations like that.
If you want a free estimate of your home, ask a local realtor. It's free and takes so little time for us to do. Don't use Zillow unless you just really want to irritate yourself (and me included. Zillow irritates me a lot)
Generally speaking they are a joke. If you live in a large community of similar style newer homes with no real variation it will probably be close, but other than that it is possibly very wrong.
Zillow estimates are garbage, much like the site in general. Inaccurate information more often than not, and estimates that are usually way off base. In a cookie cutter neighborhood, zillow can be somewhat close. If you're on the water however, not so much. We've seen it be as much as 20-25% off on homes with premium locations like that.
If you want a free estimate of your home, ask a local realtor. It's free and takes so little time for us to do. Don't use Zillow unless you just really want to irritate yourself (and me included. Zillow irritates me a lot)
People try to bring it up all the time.Being Realtor's, how often though do buyers or sellers reference this number when deciding an offer or sale price. But Zillow said.....
We clearly can't agree on this, I think Zestimates are a joke, while you believe they are garbage.Hahaha yes, Wake backing it up like a champ!
Being Realtor's, how often though do buyers or sellers reference this number when deciding an offer or sale price. But Zillow said.....
A lot. Buyers will email us about properties they found on Zillow to see, and naturally they sold a while ago since Zillow doesn't update their MLS feed anywhere near as often as sites like Realtor.com (the one we recommend the most). As far as their values, it's pretty easy to show them with our MLS what actual sales numbers were. If they say, "but Zillow..!" it's quick to halt that with, "Do appraisers use Zillow for their appraisals? Or the MLS?"
A lot. Buyers will email us about properties they found on Zillow to see, and naturally they sold a while ago since Zillow doesn't update their MLS feed anywhere near as often as sites like Realtor.com (the one we recommend the most). As far as their values, it's pretty easy to show them with our MLS what actual sales numbers were. If they say, "but Zillow..!" it's quick to halt that with, "Do appraisers use Zillow for their appraisals? Or the MLS?"
My only reservation with Realtor.com is that they make you register to even look at the details of a property. I've always just gone to another site because I'm afraid I'll start getting cold calls from some realtor on that site. Am I wrong to be concerned about that?
Closing on the new house on Wednesday then moving on Friday. Then we're closing on the old house the following Thursday. I'm so ready to be done with this. The people buying our existing home have a horrible agent, that hired a horrible inspector, and they're first time home buyers so they want a bunch of nit pick stuff fixed. It's really making me hate our current home