Some say that the complaint that has been filed by the NCRC (National Community Reinvestment Coalition) is all a "shakedown". Could be. Time will tell on this one. Some others state that Zillow is not accurate and something should be done about that. Maybe. But here is my concern and my statement regarding Zillow.
Zillow came into the Real Estate market strong, they have made big waves and have received alot of grief and glory within this time. But what concerns me is the underlying liability that OTHER Realtors are taking on. Listen, everyone is entitled to run their business the way they see fit. Don't get me wrong. Zillow can post the public data - and that is fine. Its your responsibility to KNOW as a consumer that the data you are getting maybe inaccurate, old and not real time valuation of your home. So, you Mr. Consumer - should know that playing with Zillow is just a game. You need to be smarter than that - You can't complain, you are the one that punched in your home address and BELIEVED what you saw. Mr. Consumer, you just should have known better. Shame on YOU!
But, now what happens when Mr. Consumer gets this information from Yahoo Real Estate, or Prudential? Are they giving the data? I know it says "Data Powered by Zillow". But, it is coming from the "mouths" of a real estate company, doesn't it LOOK like YAHOO says that Zillow is correct. Yahoo is endorsing and powering up Zillow to become stronger than a toy.
So maybe this NCRC complaint is just a shakedown, we will see.
Related Articles:
Welcome to Race Piracy 2.0: Zillow.com is targetted for the crime of having deep pockets . . . by Bloodhoundblog
Zillow Gets Zinged by Roberta Murphy on her Active Rain Blog
Complaint to FTC consumers Zillowed? by Columbus Best Blog
A modest proposal at Three Oceans Real Estate — Insights from a Wired Bay Area Realtor
Zillow Zapped with FTC Consumer Complaint by sellsius° real estate blog
Zillow.com shake-down: This is the first shoe dropping . . . by BloodhoundBlog
Zillow - Less than 30% accurate - by Nyhouses4Sale
You make a point many do not appreciate--the use of Zillow zestimates downstream by sites like Yahoo & the highly respected Prudential put a gloss of reliability on this AVM valuation. Perception has a way of putting on the costume of truth.
Posted by: jf.sellsius | October 28, 2006 at 01:41 AM
Hey NY Chick...
What's shaking...Well now the answer to that appears to be The Big Apple...
Like you said we will see...
The Lovely Wife at your service in Florida!
Posted by: The Lovely Wife | October 29, 2006 at 08:05 PM