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I did. We were out-of-towners at the time, so I would use that to build a strike list of 10-20 properties. We would fly in and do as many visits as we could sch

I did. We were out-of-towners at the time, so I would use that to build a strike list of 10-20 properties. We would fly in and do as many visits as we could schedule in a weekend. Currently at 8 doors (that SFH, a tri, a quad), but now that we live in the area I typically just run one or two at a time in a spreadsheet instead of cranking through 100 in one go. I find the list much more interesting than the insurance (I'm a big boy who can do my own risk evaluation). I only invest in one market, though (Atlanta), so not sure I would pay $100 for a nationwide list. How do your internal valuations compare to the Zestimates? Zillow's data is better than nothing, but I know a lot of folks track their net worth through things like Mint/Personal Capital who might be interested in a more accurate daily/weekly/monthly valuation tool. I feel like that's how Zillow got their initial users ("You can look up the price of any house!") and if you could figure out a way to expose that data you might be able to get good leads out of it.

loftyai 7y ago
Totally understandable that $100/month may be steep for a nationwide list when you would only want Atlanta. We do plan to add a cheaper tier where you can select just one or a few cities. As far as having a Zestimate like tool - most of our models have focused on predicting future appreciation. That being said, our instantaneous pricing tool often gives similar estimates to Zestimate but differs from Zestimates a decent amount of the time. I know Zestimate reports having quite a high accuracy but anecdotally it can be way off, especially when comparing the Zestimate for a property to what it ends up being listed and sold for. Part of that is i think is, as you mentioned, there data is better than nothing. We have recently begun tracking our internal instantaneous pricing estimate VS zestimates for properties before they go on the market and comparing who was closer to the sale price so that will be interesting to see. Appreciate the feedback though as we are looking for the best balance between sharing insights and data and protecting it so as to generate the strongest leads with the highest conversion rate.
- jedberg 7y ago
  You should track your internal estimates against Redfin instead/also. They tend to be more accurate, at least in the Bay Area.
  - loftyai 7y ago
    That's interesting, we'll take a look. Thanks for the suggestion!

loftyai 7y ago

Totally understandable that $100/month may be steep for a nationwide list when you would only want Atlanta. We do plan to add a cheaper tier where you can select just one or a few cities. As far as having a Zestimate like tool - most of our models have focused on predicting future appreciation. That being said, our instantaneous pricing tool often gives similar estimates to Zestimate but differs from Zestimates a decent amount of the time. I know Zestimate reports having quite a high accuracy but anecdotally it can be way off, especially when comparing the Zestimate for a property to what it ends up being listed and sold for. Part of that is i think is, as you mentioned, there data is better than nothing. We have recently begun tracking our internal instantaneous pricing estimate VS zestimates for properties before they go on the market and comparing who was closer to the sale price so that will be interesting to see. Appreciate the feedback though as we are looking for the best balance between sharing insights and data and protecting it so as to generate the strongest leads with the highest conversion rate.

jedberg 7y ago
You should track your internal estimates against Redfin instead/also. They tend to be more accurate, at least in the Bay Area.
- loftyai 7y ago
  That's interesting, we'll take a look. Thanks for the suggestion!