4 ms·

I don't know how accurate these things are, though my gut tells me not to trust them. That said, as a recent home-buyer, I can state without uncertainty that re

• famousactress 10y ago
  I concur. Though I tend to find this attitude pretty ridiculous since the status-quo home valuation process is just as bullshit at the zillow strategy is. Status Quo in my experience goes: 1. List your house (usually at slightly above whatever the realtor thinks it might sell at) 2. Someone's willing to buy at listing price +/- 5% 3. Bank sends an appraiser whose job it is to figure out what a house is worth (guess what: see #2 for relevant demand evidence), and magically the number comes remarkably close to the price sorted out in #2 massively most of the time I've never heard a real estate agent complain that zillow's numbers are too low, mind you... only ever that they're too high, which makes sense to be frustrated by if your biggest challenge is controlling your time-costs.
• jaclaz 10y ago
  Yes, sites like those - even if with "wrong" info, alter the information asymmetry that estate agents had and that used as part of their profession. Only seemingly unrelated, just in case, the classic from Frakonomics: https://www.wired.com/2005/05/realestate/ https://www.wired.com/2005/05/realestate/