Posts tagged zestimates

Trulia Enters the Cluttered and Confusing Home Valuation Arena

With one more entry into the (automated) home valuation arena, how does one make sense of all the methods of valuing a home in this market?

There are at least six methods of home valuation out there right now; I know that my customers and clients are going to use the ones that they find; my challenge in advising them is to put these valuations in context and either demonstrate their respective accuracies or most likely, prove just how wrong they are. And why.

Trulia’s Estimates – (automated) – “Trulia has jumped into the home value game.” Now that they’re here, so what? While the Trulia Estimate are only in San Francisco right now, presumably they’ll be making their way nation-wide.

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Knowing This, Would you Trust Zillow?

It’s been a while since I’ve taken an in-depth look at Zillow; generally I tell my clients that it’s good for content but not actual good, conclusive, base-any-real-decisions-on-what-it-says.

If you’ve been using Zillow’s zestimates and trends to understand the market, not only are you finding that you were misinformed, but now you really don’t know how misinformed you were (or are).

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