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Rainmaker
989,652
Jennifer Mackay
Counts Real Estate Group, Inc. - Panama City, FL
Your Bay County Florida Realtor 850.774.6582

EVERY freaking time!

I hate that website with a passion!

Nov 23, 2016 05:29 AM
Rainmaker
1,725,996
Sandy Padula & Norm Padula, JD, GRI
HomeSmart Realty West & Florida Realty Investments - , CA
Presence, Persistence & Perseverance

Sure; it is like a bad penny that keeps on haunting us.

Nov 23, 2016 04:13 AM
Ambassador
2,436,099
Kat Palmiotti
eXp Commercial, Referral Divison - Kalispell, MT
Helping your Montana dreams take root

People do still mention z-stimates, but I just explain the process and that usually does the trick.

Nov 23, 2016 04:06 AM
Rainmaker
3,416,038
Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of the Manchester NH's area Leading Agents

Most often it is buyers who are calling on sold homes. But when listing, i do meet sellers who think their values are much higher, but recently one that thought lower and was amazed i was higher. 

Nov 23, 2016 05:53 AM
Rainmaker
4,319,419
Praful Thakkar
LAER Realty Partners - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

Paul S. Henderson, REALTOR®, Broker, Tacoma Washington - actually Zestimates help me a lot at listing presentation! 

Nov 22, 2016 10:36 PM
Rainmaker
2,194,668
Elizabeth Weintraub Sacramento Broker
Elizabeth Anne Weintraub, Broker - Sacramento, CA
Put 40 years of experience to work for you

I make sure to bring it up before they do, and once I explain the difference between a website and a Realtor, they get it. You just have to move them away from any thinking that Zillow is real estate related because it's not. It's just a website that monetizes its existence.

Nov 23, 2016 03:30 PM
Ambassador
5,230,113
Debe Maxwell, CRS
Savvy + Company (704) 491-3310 - Charlotte, NC
The RIGHT CHARLOTTE REALTOR!

I totally agree with Sandy Padula and Norm Padula, JD, GRI NMLS#1483386 - it IS like the bad penny that keeps turning up!  I do pre-warn them as early-on as possible, that those are unreliable and that I will gladly do the work to show them REAL comparables!  Most of them get it but, it takes a few times with others. 

Nov 23, 2016 11:49 AM
Rainmaker
4,800,082
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

Only if the Zestimate works to their advantage.

Nov 23, 2016 10:18 AM
Ambassador
6,393,609
Bob Crane
Woodland Management Service / Woodland Real Estate, KW Diversified - Stevens Point, WI
Forestland Experts! 715-204-9671

It pays to be prepared for this one.

Nov 22, 2016 09:46 PM
Rainmaker
679,404
Diana Dahlberg
1 Month Realty - Pleasant Prairie, WI
Real Estate in Kenosha, WI since 1994 262-308-3563

I really don't have a problem with them because as soon as the subject is brought up I explain how far off they are - and all across the board - and then we move on.

Nov 22, 2016 09:29 PM
Rainmaker
2,362,977
Lise Howe
Keller Williams Capital Properties - Washington, DC
Assoc. Broker in DC, MD, VA and attorney in DC

no- i can explain Zillow to them 

Nov 22, 2016 09:24 PM
Ambassador
5,049,450
Jeff Dowler, CRS
eXp Realty of California, Inc. - Carlsbad, CA
The Southern California Relocation Dude

No. I look it up before I go and I bring up the online estimates during my presentation  as compared to the market data. No issues so far once I explain how it works

Nov 22, 2016 09:22 PM
Rainer
2,315
Direct House Buyer
Direct House Buyer - Berryville, TX

How fast can a house be sold? What different techniques are there to sell a house and what are the advantages and disadvantages of each technique?

I have said a lot about what I need in the question title but my reason to want to know is that I need to sell a house ASAP. My house is under threat of repossession and I need to sell my house in the next 2 months at an absolute maximum. Whilst I need to receive as much money for the sale as I can, speed is also critically important. What options are open to me? If anybody has access to resources/information about selling a house, different techniques with their timescales and relative advantages and disadvantages that would be ideal. I would really appreciate any help and responses that I receive to this question, many thanks in advance.

 Here is an Infographic for your answer

http://directhousebuyer.co.uk/infographics/house-buyers-vs-selling-agents-timeline/

Mar 21, 2017 04:36 AM
Rainer
4,545
Susan Bearry
Select Properties Winghaven/Lake St. Louis - O'Fallon, MO
Specializing in west St Charles County, MO

It inevitably comes up, but with a little educating they realize it is really just a guideline--and sometimes a very rough one at that!

Dec 08, 2016 10:05 PM
Ambassador
3,727,873
Patricia Kennedy
RLAH@Properties - Washington, DC
Home in the Capital

No, because I do a killer market analysis.  Zillow makes me look really good.

Nov 23, 2016 09:15 PM
Rainmaker
3,988,007
Debbie Reynolds, C21 Platinum Properties
Platinum Properties- (931)771-9070 - Clarksville, TN
The Dedicated Clarksville TN Realtor-(931)320-6730

I have always been able to explain the purpose of Zestimates and talk them into an understanding of real value.

Nov 23, 2016 09:10 PM
Ambassador
3,345,091
Kathleen Daniels, Probate & Trust Specialist
KD Realty - 408.972.1822 - San Jose, CA
Probate Real Estate Services

Zestimates are my friend. It makes my job easier and raises my credibility 

Nov 23, 2016 08:18 PM
Rainmaker
3,986,258
William Feela
WHISPERING PINES REALTY - North Branch, MN
Realtor, Whispering Pines Realty 651-674-5999 No.

Yes still an issue

Nov 23, 2016 06:54 PM
Rainmaker
1,502,998
Ryan Huggins - Thousand Oaks, CA
https://HugginsHomes.com - Thousand Oaks, CA
Residential Real Estate and Investment Properties

Not really, but I did have it come up at an open house recently.  Had to drop a "knowledge bomb" on the visitors.  They left shellshocked by all the new information.

Nov 23, 2016 03:27 PM
Rainmaker
1,280,748
Donna Foerster
HomeSmart Realty Group - Parker, CO
Metro Denver Real Estate Assistant

Yes. Zillow is still a problem.

Nov 23, 2016 03:21 PM
Rainmaker
758,035
Peter Testa
Nationwide Homes - Danbury, CT
PETER TESTA

People take the Zillow value (or Zestimate) very serious; too seriously sometimes. One seller I met with proudly furnished a handwritten log of his Zestimates.  

Nov 23, 2016 02:35 PM
Rainmaker
570,030
Denise Hamlin, Broker/Owner
Cardinal Realty ~ 319-400-0268 - Iowa City, IA
Helping Happy Clients Make Smart Choices

I don't have a problem with sellers and Zestimates. Sometimes they will comment on them, but they don't seem to take them as seriously as they used to. They understand it's an automated system and results can vary. That goes for Zillow's comparative sales research tool too. I'm not a big fan of what Zillow offers, but I do think that in offering sub par information, they are actually helping to show the true value of talking to a professional. And that's good for us!

Nov 23, 2016 12:33 PM
Rainmaker
711,852
Lynnea Miller
Bend Premier Real Estate - Bend, OR
Premier Real Estate Service in Central Oregon

Absolutely.  But you can educate them - and use a tool like RPR which allows you to really customize your search.  RPR has a great mobile app which is fabulous!

Nov 23, 2016 12:10 PM
Rainmaker
4,936,705
Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

Always have a problem with that but I have the real facts I tell them.

 

Nov 23, 2016 10:46 AM
Rainmaker
2,781,173
Richie Alan Naggar
people first...then business Ran Right Realty - Riverside, CA
agent & author

Everyone has an opinion and that is the core problem. All is remediable

Nov 23, 2016 10:42 AM
Rainmaker
1,844,301
Lyn Sims
Schaumburg, IL
Real Estate Broker Retired

No I really haven't lately but now that I wrote this .....

Nov 23, 2016 10:33 AM
Rainmaker
666,639
AJ Heidmann ~ CRS
McEnearney Associates, Inc. - Alexandria, VA
YOUR Alexandria & Arlington, VA Real Estate Expert

Paul - The zestimate still comes up about half of the time, but in a few minutes of explaining how it is guessed and relevant comps from the neighborhood, it is quietly laid to rest.

Nov 23, 2016 10:08 AM
Ambassador
3,587,960
Anna "Banana" Kruchten
HomeSmart Real Estate - Phoenix, AZ
602-380-4886

No!  They're a joke and everybody (almost) knows that!  A local agent who knows the 'real' market is the best source.

Nov 23, 2016 09:30 AM
Rainmaker
797,457
Liz Wallace
Century 21 Sherlock Homes - Rockville Centre, NY
Broker C21 Sherlock Homes, Rockville Centre, LI, N

Yes and it's a nightmare.

Nov 23, 2016 08:35 AM
Rainmaker
1,325,299
Donald Urschalitz
Lubeck Realty Group - Jupiter, FL
P.A. Realtor ABR RSPS North Palm Beach County

Oh yes but I explain to them they have never been in a home.

Nov 23, 2016 08:29 AM
Rainmaker
5,005,659
Dorie Dillard Austin TX
Coldwell Banker Realty ~ 512.750.6899 - Austin, TX
NW Austin ~ Canyon Creek and Spicewood/Balcones

I love it when they bring it up because then I can show them the REAL numbers. We are in a non-disclosure state and their figures are 25-30% off!!

Nov 23, 2016 07:38 AM
Rainmaker
2,241,053
Andrew Mooers | 207.532.6573
MOOERS REALTY - Houlton, ME
Northern Maine Real Estate-Aroostook County Broker

Not once you explain why the Z is ZZzzzzzzzzz and where it claims something is for sale when not and the other way around. Not accurate, especially in small rural markets where not much for the west coast to tap into to try and formulate the "survey says ... (ding ding ding).." for value out of thin air. Very thin air.

Nov 23, 2016 06:48 AM
Rainmaker
4,572,183
Michael Jacobs
Pasadena, CA
Pasadena And Southern California 818.516.4393

It's not a problem - I love the opportunity to discuss Zestimates.   

Nov 23, 2016 06:30 AM
Rainmaker
5,216,409
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Once in awhile there is the self-professed expert! My reaction, NEXT!

Nov 23, 2016 06:27 AM
Ambassador
2,684,109
Fred Griffin Florida Real Estate
Fred Griffin Real Estate - Tallahassee, FL
Licensed Florida Real Estate Broker

  Everybody goes to Zillow.    You need valid comparables, to refute Zillow.

Nov 23, 2016 06:15 AM
Rainmaker
1,239,901
Sam Shueh
(408) 425-1601 - San Jose, CA
mba, cdpe, reopro, pe

AVM there are many of them. All off off off.

Z ? I never deal with a CEO's toy who sold his home this year $250K short of toy estimates and bought a mansion way way over priced.  He knows it ain't any accurate. 

Nov 23, 2016 06:08 AM
Rainmaker
3,626,530
James Dray
Fathom Realty - Bentonville, AR

Sometimes but not like it was

Nov 23, 2016 05:28 AM
Rainmaker
5,583,278
Barbara Todaro
RE/MAX Executive Realty - Happily Retired - Franklin, MA
Previously Affiliated with The Todaro Team

no, the agents explain that situation....and it's never discussed again...

Nov 23, 2016 05:26 AM
Rainmaker
4,434,127
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

yes

Nov 23, 2016 05:18 AM
Rainmaker
1,712,676
Joe Pryor
The Virtual Real Estate Team - Oklahoma City, OK
REALTOR® - Oklahoma Investment Properties

The Zestimate is an AVM that makes general predictions and was never meant to be accurate. The key is to work with it and use the third part of critical thinking, judgment. Explaining what an AVM is, helps.

Nov 23, 2016 05:15 AM
Rainmaker
900,128
Olga Simoncelli
Veritas Prime, LLC dba Veritas Prime Real Estate - New Fairfield, CT
CONSULTANT, Real Estate Services & Risk Management

Oh, yes - cited all the time.

Nov 23, 2016 05:08 AM
Rainmaker
4,882,355
Richard Weeks
Dallas, TX
REALTOR®, Broker

No, investors are highly educated on property values.

Nov 23, 2016 05:04 AM
Rainmaker
3,071,489
Tony and Suzanne Marriott, Associate Brokers
Serving the Greater Phoenix and Scottsdale Metropolitan Area - Scottsdale, AZ
Haven Express @ Keller Williams Arizona Realty

Not after we point out how inaccurate they are - per their own website!

Nov 23, 2016 04:51 AM
Rainmaker
7,836,164
Roy Kelley
Retired - Gaithersburg, MD

No.

Nov 23, 2016 04:50 AM
Rainmaker
5,104,931
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Frankly, the issue does not come up all that often... but when it does it's a pain when it comes to some clients who think Zillow can't be wrong.

Nov 23, 2016 04:31 AM
Rainmaker
921,504
Annette Lawrence , Palm Harbor, FL 727-420-4041
ReMax Realtec Group - Palm Harbor, FL
Making FLORIDA Real Estate EZ

When I'm talking to sellers I LOVE those 'dark side' numbers.

"Where have you looked to get information regarding the value of your house?"  There's a new kid on the block that you should be aware often used by the <40 group.

 

Nov 23, 2016 04:06 AM
Rainmaker
1,157,785
FN LN
Toronto, ON

It has never been an issue in our great land.

Nov 22, 2016 11:35 PM