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Since Zillow is the exclusive topic, and Z is clearly the Mother of All Pop Appraisal Scammers, anyone paying attention and posting in good faith would reasonably conclude that limiting marketing to Z, who routinely lies about home values, may be an "only."
Since Zillow is the exclusive topic, and Z is clearly the Mother of All Pop Appraisal Scammers, anyone paying attention and posting in good faith would reasonably conclude that limiting marketing to Z, who routinely lies about home values, may be an "only."
Sheesh. What Fun!!!
Completely unnecessary snark.
"Pop appraisals" are ubiquitous. ALL the main sites do them. If you're against them, you're against them. I don't know what "mother of all..." is supposed to mean. If you're against fast food, is McDonalds in a completely different category from KFC, Burger King and Taco Bell because someone might say it's the "mother of all..."? If Zillow is a liar, they are all liars. Maybe I'm different but as a consumer, I don't single Zillow out in terms of doing pop appraisals because THEY ALL DO. This thread isn't even about pop appraisals so it's a very odd comment.
There are certainly arguments against listing your home "only" on one site. However, I struggle to see how this has anything at all to do with "pop appraisals". Especially since all the main sites do pop appraisals, including the one owned and branded in the name of your professional body to which you pay dues. The logic here is flawed. Why bring up pop appraisals when it's not in any way unique to Zillow? Zillow explains the limitations of their pop appraisals to consumers in a far more responsible way than Realtor.com who hardly has any health warnings about them. So if being a "mother of..." means you are careful and responsible, maybe that's a good thing as compared to others who are much more reckless with their pop appraisals.
There are certainly arguments against listing your home "only" on one site. However, I struggle to see how this has anything at all to do with "pop appraisals". Especially since all the main sites do pop appraisals, including the one owned and branded in the name of your professional body to which you pay dues. The logic here is flawed. Why bring up pop appraisals when it's not in any way unique to Zillow? Zillow explains the limitations of their pop appraisals to consumers in a far more responsible way than Realtor.com who hardly has any health warnings about them. So if being a "mother of..." means you are careful and responsible, maybe that's a good thing as compared to others who are much more reckless with their pop appraisals.
This. To answer Op’s question, the answer is probably no, advertising on Zillow alone will likely not get top dollar.
But it doesn’t really have anything to do with pop appraisals IMO. Moreso that you’re just limiting your audience. And if people discount Zillow for being “wildly inaccurate,” the bigger issue is with ensuring their listings are actually accurate (which they often aren’t), not the zestimate.
This. To answer Op’s question, the answer is probably no, advertising on Zillow alone will likely not get top dollar.
But it doesn’t really have anything to do with pop appraisals IMO. Moreso that you’re just limiting your audience. And if people discount Zillow for being “wildly inaccurate,” the bigger issue is with ensuring their listings are actually accurate (which they often aren’t), not the zestimate.
Pop appraisals are certainly truly relevant if one is only going to advertise only on Zillow.
Thread topic snip: "Does Zillow alone get top dollar...?
Will a seller get top dollar with exposure only on Zillow? How about when the list price is $600,000, and Z's pop appraisal says, "$555,000?"
People DO look at pop appraisals and give them some credibility.
Regarding MLS data integrity...
Most listing errors are corrected for their clients by buyers agents with due diligence at viewing and before writing an offer, agents who also have a fiduciary duty to their client to confirm information presented.
And, if reported by other agents, there are consequences for posting inaccurate data.
What are the consequences for Zillow for lying? One should know before considering Z as their only ad venue.
Last edited by MikeJaquish; 10-23-2018 at 07:31 AM..
Imagine going to the grocery store and you need a gallon of milk. By the milk case there is a real price and there is a estimated value price. The estimated value is $2.25 the real price is $3.75.
What credibility does that store have now?
The MLS is for cooperation and compensation between real estate brokerages.
Will pop appraisal sites include cooperation? Or would that be added to the list price?
Pop appraisals are certainly truly relevant if one is only going to advertise only on Zillow.
Thread topic snip: "Does Zillow alone get top dollar...?
Will a seller get top dollar with exposure only on Zillow? How about when the list price is $600,000, and Z's pop appraisal says, "$555,000?"
People DO look at pop appraisals and give them some credibility.
Sure but that goes back to the point that all the big websites do pop appraisals, so buyers can run into that situation regardless. And if they care about pop appraisals, they can still likely search the pop appraisals on the other sites even if that particular home isn’t listed for sale there.
Sure but that goes back to the point that all the big websites do pop appraisals, so buyers can run into that situation regardless. And if they care about pop appraisals, they can still likely search the pop appraisals on the other sites even if that particular home isn’t listed for sale there.
No.
The point of the thread is specifically Zillow as the venue.
Why would someone look further after they see Z's appraisal?
How often does that happen now?
I nearly never hear a consumer refer to any pop appraisal other than Zestimates.
No.
The point of the thread is specifically Zillow as the venue.
Why would someone look further after they see Z's appraisal?
How often does that happen now?
I nearly never hear a consumer refer to any pop appraisal other than Zestimates.
I looked at other pop appraisals when buying/selling. I knew they were “only a starting point” but was still curious to see how they all compared. And that was how I came to my own conclusion that IMO Redfin’s are the “best.”
If the person found the listing to see that the zestimate was higher than the list price, has it not done the job of getting “exposure”? If someone primarily searches on Zillow and won’t consider properties priced higher than the zestimate (how often does that happen now?), they may toss out that property anyway even if it was listed on the MLS and other RE sites.
As a whole, Zillow might be enough to sell the house without having it on the MLS. People sell houses with an FSBO sign and maybe an ad in the classifieds; whether or not its the best way to do it is another discussion.
On a more philosophical level, Zillow doesn't exist without the MLS's, because (as I understand it anyway) they have to scrape information off sights that ARE on the MLS feed or otherwise get listings from agents and sellers alike.
As a whole, Zillow might be enough to sell the house without having it on the MLS. People sell houses with an FSBO sign and maybe an ad in the classifieds; whether or not its the best way to do it is another discussion.
On a more philosophical level, Zillow doesn't exist without the MLS's, because (as I understand it anyway) they have to scrape information off sights that ARE on the MLS feed or otherwise get listings from agents and sellers alike.
Z doesn't scrape.
Either MLSs, Firms, or Agents provide Z with a RETS feed from MLS.
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