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You can find estimate calculators from various banks, realtors, etc. I just did a basic google search and checked out estimates from Zillow, Chase, and RE/MAX,
by mr_tristan 9y ago
You can find estimate calculators from various banks, realtors, etc. I just did a basic google search and checked out estimates from Zillow, Chase, and RE/MAX, and they range from 4% under my home price to 11% over. That's a pretty crazy range of guesses.
My question is: why aren't these other home estimate calculators subject to being sued, then?
(And when I checked out Zillow, I noticed there was a direct link to "I disagree" next to the Zestimate. None of the other calculators had any kind of feedback mechanism.)
Seems like the journalist here forgot to mention that home estimates are pretty common and come from many different sources.
- strictnein 9y agoThe "I disagree" button is a lead gen for realtors, not for you to give them feedback.
- yellow_postit 9y agoIs there evidence they do zero tracking of clicks on that link for model eval.? It seems much more likely it's a case of lead gen and feedback.
- mcguire 9y ago'Hasn't been sued' != 'Won't be sued'. Zillow is the most popular and have been pushing it in their advertising.