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Real estate the zillow.com way
I spoke to some young home buyers last week who were both very intelligent, until it came to the world of real estate.
They at least had taken the time to read a book and ask questions about our company and others.
However I think I might have really turned them off when we talked about Zillow and using zillow.com to value homes.
The truth is Zillow can be interesting and can provide useful comparison information, but assuming the Zillow value projections are accurate enough to use for home buying is absolutely nuts.
Give me a fresh, smart buyer and about 3 days to review property (by going through actual homes) and I bet the fresh buyer would outperform the Zillow projections.
Here is a link to a couple posts that go deeper:
Reality and Zillow value projections
They at least had taken the time to read a book and ask questions about our company and others.
However I think I might have really turned them off when we talked about Zillow and using zillow.com to value homes.
The truth is Zillow can be interesting and can provide useful comparison information, but assuming the Zillow value projections are accurate enough to use for home buying is absolutely nuts.
Give me a fresh, smart buyer and about 3 days to review property (by going through actual homes) and I bet the fresh buyer would outperform the Zillow projections.
Here is a link to a couple posts that go deeper:
Labels: internet appraisals, market value, zillow
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