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Old 01-15-2018, 07:58 PM
 
Location: Cary, NC
29,032 posts, read 51,429,738 times
Reputation: 27262

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Gee, I asked Zillow to delete my home Zestimate and they said that the algorithm did not allow that.
.
But, apparently, they can.
Did Z fib to me?

https://therealdaily.com/corporate/z...m_campaign=trd
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Old 01-15-2018, 09:10 PM
 
4,511 posts, read 1,733,421 times
Reputation: 2861
Why did you want it taken off?
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Old 01-15-2018, 10:25 PM
 
Location: Needham, MA
6,077 posts, read 8,243,829 times
Reputation: 4969
I remember when I first became an agent I signed up to advertise on Zillow. My sales rep at one point said to me . . . don't worry if you get any negative reviews we'll just delete them for you. Luckily, I've never had to take him up on his offer, but I also discontinued my service 6 months later so I'm not sure he would do it for me now anyway.

I don't really have a major issue with Zillow. I think NAR is a gaggle of morons for sitting back and watching it become the #1 real estate website but that's another story. My biggest complaint is that Zillow is not transparent about what they really are: a website to market sales leads to real estate agents. They don't care about data accuracy, listing accuracy, the Zestimate being within a million dollars of the real value or anything else. They just want consumer's information to sell to real estate agents and that's about it.

Quote:
Originally Posted by pittsflyer View Post
Why did you want it taken off?
Maybe because it's wildly inaccurate but yet many in the public seem to think it's some kind of appraisal . . . just hazarding a guess here.
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Old Yesterday, 12:53 AM
 
4,511 posts, read 1,733,421 times
Reputation: 2861
Quote:
Originally Posted by MikePRU View Post
I remember when I first became an agent I signed up to advertise on Zillow. My sales rep at one point said to me . . . don't worry if you get any negative reviews we'll just delete them for you. Luckily, I've never had to take him up on his offer, but I also discontinued my service 6 months later so I'm not sure he would do it for me now anyway.

I don't really have a major issue with Zillow. I think NAR is a gaggle of morons for sitting back and watching it become the #1 real estate website but that's another story. My biggest complaint is that Zillow is not transparent about what they really are: a website to market sales leads to real estate agents. They don't care about data accuracy, listing accuracy, the Zestimate being within a million dollars of the real value or anything else. They just want consumer's information to sell to real estate agents and that's about it.



Maybe because it's wildly inaccurate but yet many in the public seem to think it's some kind of appraisal . . . just hazarding a guess here.
Considering "market value" is subjective I am not sure what the basis of the law suit would even be. It sounds like someone is butt hurt that they did not see a fatty value when they went on to the web site ... so?

The property is worth what someone is willing to pay.
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Old Yesterday, 03:17 AM
 
Location: Cary, NC
29,032 posts, read 51,429,738 times
Reputation: 27262
Quote:
Originally Posted by pittsflyer View Post
Why did you want it taken off?
Because I did not give them permission to publish an opinion of value on my home.

Because I think "Opinion of Value" is the realm of formal appraisal. Pop appraisals via commercialized AVMs are unregulated, without any accountability or responsibility.

Quote:
Originally Posted by pittsflyer View Post
Considering "market value" is subjective I am not sure what the basis of the law suit would even be. It sounds like someone is butt hurt that they did not see a fatty value when they went on to the web site ... so?

The property is worth what someone is willing to pay.
Pop appraisals via commercialized AVMs DO influence what some parties are willing to pay, or what some parties expect to receive for the property.
Meddling with valuation perception with unsolicited pop appraisals is irresponsible and harmful to consumers.

Did you read the story?
Zillow is being sued for favoring some firms by withholding Zestappraisals, but refusing to withhold them for other firms.
After telling me that their algorithm did not allow them to pick and choose, they proceeded to pick and choose.
Liars.
I support the plaintiffs.

Last edited by MikeJaquish; Yesterday at 03:33 AM..
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Old Yesterday, 05:44 AM
 
2,817 posts, read 2,324,581 times
Reputation: 5599
Quote:
Originally Posted by MikeJaquish View Post
Because I did not give them permission to publish an opinion of value on my home.

Because I think "Opinion of Value" is the realm of formal appraisal. Pop appraisals via commercialized AVMs are unregulated, without any accountability or responsibility.



Pop appraisals via commercialized AVMs DO influence what some parties are willing to pay, or what some parties expect to receive for the property.
Meddling with valuation perception with unsolicited pop appraisals is irresponsible and harmful to consumers.

Did you read the story?
Zillow is being sued for favoring some firms by withholding Zestappraisals, but refusing to withhold them for other firms.
After telling me that their algorithm did not allow them to pick and choose, they proceeded to pick and choose.
Liars.
I support the plaintiffs.
Surbiton, Let Mike go and we won't press charges.
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Old Yesterday, 05:57 AM
 
Location: Cary, NC
29,032 posts, read 51,429,738 times
Reputation: 27262
Quote:
Originally Posted by 1insider View Post
Surbiton, Let Mike go and we won't press charges.

I miss ol' Surbiton.

Smart guy.
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Old Yesterday, 07:33 AM
 
Location: Finally the house is done and we are in Port St. Lucie!
2,672 posts, read 1,183,487 times
Reputation: 6912
Quote:
Originally Posted by 1insider View Post
Surbiton, Let Mike go and we won't press charges.

Bwahahahaha!!

If I wasn't a daily reader of this section, I wouldn't get this.

I do read and this was fuuuuuuuuny!
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Old Yesterday, 08:31 AM
 
Location: Needham, MA
6,077 posts, read 8,243,829 times
Reputation: 4969
Quote:
Originally Posted by pittsflyer View Post
Considering "market value" is subjective I am not sure what the basis of the law suit would even be. It sounds like someone is butt hurt that they did not see a fatty value when they went on to the web site ... so?

The property is worth what someone is willing to pay.
It is absolutely subjective. I'm not sure why you quoted me because I never said it wasn't.

Market value falls into the realm of a "common man" test. If you lined up 100 average Joes and asked them what they think a particular house is worth, you may get 80 different answers. However, the vast majority will fall within a fairly narrow range.

This being said, is it responsible for a company to put a value label on each and every property in the country that has a fairly limited chance of actually falling within that range? If you sell some property, I would encourage you to follow the Zestimate before, during, and after your sale. I think you'll find it quite interesting. Larger question from the article though is: is it fair to put the Zestimate front and center on some listings and hide it in the small print in others?

BTW, my favorite thing about the Zestimate is that Zillow puts a disclaimer on it saying that it's for entertainment purposes only. Maybe I'll start going around slandering people and when someone sues me I'll just say it was for entertainment purposes only.

Quote:
Originally Posted by 1insider View Post
Surbiton, Let Mike go and we won't press charges.


Hilarious!

Last edited by MikePRU; Yesterday at 09:17 AM..
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Old Yesterday, 10:44 AM
 
Location: St Augustine
179 posts, read 239,459 times
Reputation: 268
my only issue with Zillow was when I seen my house for sale on there and it wasn't really up for sale at that time. I had a friend call the number and it was a scam where the lady told them that she is relocating out of state but needed a deposit to hold the house.

I had to contact Zillow three times before they finally removed the house and it was only after I threatened them with a lawsuit. I actually had people looking into my house through the windows.
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