Comments on: Unzillowable, To Coin A Phrase http://blog.sellsiusrealestate.com/zillow/unzillowable-to-coin-a-phrase/2006/08/14/ Sun, 12 Oct 2008 10:12:51 +0000 http://wordpress.org/?v=2.3 By: mover http://blog.sellsiusrealestate.com/zillow/unzillowable-to-coin-a-phrase/2006/08/14/#comment-100310 mover Fri, 13 Jul 2007 17:08:59 +0000 http://blog.sellsiusrealestate.com/zillow/unzillowable-to-coin-a-phrase/2006/08/14/#comment-100310 I also agree with that words can called unzillowable I also agree with that words can called unzillowable

]]> By: sellsius http://blog.sellsiusrealestate.com/zillow/unzillowable-to-coin-a-phrase/2006/08/14/#comment-80793 sellsius Tue, 01 May 2007 05:31:34 +0000 http://blog.sellsiusrealestate.com/zillow/unzillowable-to-coin-a-phrase/2006/08/14/#comment-80793 And Jay Thompson in Arizona actually used it in a listing. That's better than being googleable. And Jay Thompson in Arizona actually used it in a listing. That’s better than being googleable.

]]> By: Kelly Kilpatrick http://blog.sellsiusrealestate.com/zillow/unzillowable-to-coin-a-phrase/2006/08/14/#comment-80783 Kelly Kilpatrick Tue, 01 May 2007 04:15:19 +0000 http://blog.sellsiusrealestate.com/zillow/unzillowable-to-coin-a-phrase/2006/08/14/#comment-80783 I think it's brilliant. It's documented, linked back to...and it continues to be an effective word. I think it’s brilliant. It’s documented, linked back to…and it continues to be an effective word.

]]> By: Maureen http://blog.sellsiusrealestate.com/zillow/unzillowable-to-coin-a-phrase/2006/08/14/#comment-62606 Maureen Mon, 12 Feb 2007 19:07:24 +0000 http://blog.sellsiusrealestate.com/zillow/unzillowable-to-coin-a-phrase/2006/08/14/#comment-62606 But I could have said something nice about it here before Februray.. I thought I had coined a term today I Googled it and it's on Google a mere 43,000 times. oh well.. I can say I know someone who coined a term. But I could have said something nice about it here before Februray.. I thought I had coined a term today I Googled it and it’s on Google a mere 43,000 times. oh well.. I can say I know someone who coined a term.

]]> By: sellsius° http://blog.sellsiusrealestate.com/zillow/unzillowable-to-coin-a-phrase/2006/08/14/#comment-62577 sellsius° Mon, 12 Feb 2007 14:54:28 +0000 http://blog.sellsiusrealestate.com/zillow/unzillowable-to-coin-a-phrase/2006/08/14/#comment-62577 Thanks Maureen. We know you have helped spread "unzillowable" to the masses and we thank you for it. Thanks Maureen. We know you have helped spread “unzillowable” to the masses and we thank you for it.

]]> By: Maureen http://blog.sellsiusrealestate.com/zillow/unzillowable-to-coin-a-phrase/2006/08/14/#comment-62574 Maureen Mon, 12 Feb 2007 14:31:27 +0000 http://blog.sellsiusrealestate.com/zillow/unzillowable-to-coin-a-phrase/2006/08/14/#comment-62574 Great post.... I can't believe I never commented on it before.... Hard to believe I did not comment on it back then. Or maybe I did and said something inane. Or redundant like "great post." The word is in my vocabulary. I came searching for this very post. Great post…. I can’t believe I never commented on it before…. Hard to believe I did not comment on it back then. Or maybe I did and said something inane. Or redundant like “great post.” The word is in my vocabulary. I came searching for this very post.

]]> By: bossyflossy http://blog.sellsiusrealestate.com/zillow/unzillowable-to-coin-a-phrase/2006/08/14/#comment-61019 bossyflossy Wed, 07 Feb 2007 15:29:27 +0000 http://blog.sellsiusrealestate.com/zillow/unzillowable-to-coin-a-phrase/2006/08/14/#comment-61019 I would call unzillowable an adjective, not a noun. I would call unzillowable an adjective, not a noun.

]]> By: Condo Contessa http://blog.sellsiusrealestate.com/zillow/unzillowable-to-coin-a-phrase/2006/08/14/#comment-39449 Condo Contessa Fri, 22 Dec 2006 00:20:41 +0000 http://blog.sellsiusrealestate.com/zillow/unzillowable-to-coin-a-phrase/2006/08/14/#comment-39449 Love how you coin a phrase, Sellz! Zillow is pretty much like FICO, it's all about algorithyming past events and behaviors. Zillow won't tell you how many buyers are qualified in a specific price range and neighborhood; and remember, it's buyers who determine value and what they will pay. Love how you coin a phrase, Sellz! Zillow is pretty much like FICO, it’s all about algorithyming past events and behaviors. Zillow won’t tell you how many buyers are qualified in a specific price range and neighborhood; and remember, it’s buyers who determine value and what they will pay.

]]> By: sellsius° http://blog.sellsiusrealestate.com/zillow/unzillowable-to-coin-a-phrase/2006/08/14/#comment-11576 sellsius° Fri, 25 Aug 2006 23:37:35 +0000 http://blog.sellsiusrealestate.com/zillow/unzillowable-to-coin-a-phrase/2006/08/14/#comment-11576 Like any tool, some serve the purpose better than others. I've opened a bottle with a screwdriver but a bottle opener works better. But I agree with you in the sense that if that bottle opener cost me $1,000 I'd probably go with the screwdriver (unless that screwdriver cost me $1,000 in broken bottles). It comes down to having choices and weighing the pros and cons of each choice on a given set of circumstances. 3 points re data usefulness: 1. Data is good provided it's fresh, accurate & complete. If it meets this test, it is clearly useful as a starting point but I would argue that a professional needs to examine the data to know this. Example: if a comp says it's 2 bed 2 bath--how do you know that's accurate or complete?. A local agent may know of that sale and point out that it was actually 2 bed 2.5 bath and one of the baths was a jacuzzi. Here is where I see the need for an experienced local agent. 2. An AVM margin of error is only known AFTER the sale is made. To rely on a tool who's accuracy is determined post facto assumes a risk. An average or median % error rate is simply that-- an average or in the middle value, with many errors being above or below, some grossly so. A professional may cut your odds of being one of the gross errors had you relied on the raw data alone, as in example in 1. 3. Data coupled with experienced sensory evaluation is better than data alone because data alone does NOT factor in unzillowables, even MLS data. Some things just can't be number crunched. Ultimately, for your particular real estate need, the zestimate may not be the bestimate. Thank you for your comment SoMdrenter. BTW, are you near Ocean City? -jf Like any tool, some serve the purpose better than others. I’ve opened a bottle with a screwdriver but a bottle opener works better. But I agree with you in the sense that if that bottle opener cost me $1,000 I’d probably go with the screwdriver (unless that screwdriver cost me $1,000 in broken bottles). It comes down to having choices and weighing the pros and cons of each choice on a given set of circumstances.

3 points re data usefulness:

1. Data is good provided it’s fresh, accurate & complete. If it meets this test, it is clearly useful as a starting point but I would argue that a professional needs to examine the data to know this. Example: if a comp says it’s 2 bed 2 bath–how do you know that’s accurate or complete?. A local agent may know of that sale and point out that it was actually 2 bed 2.5 bath and one of the baths was a jacuzzi. Here is where I see the need for an experienced local agent.

2. An AVM margin of error is only known AFTER the sale is made. To rely on a tool who’s accuracy is determined post facto assumes a risk. An average or median % error rate is simply that– an average or in the middle value, with many errors being above or below, some grossly so. A professional may cut your odds of being one of the gross errors had you relied on the raw data alone, as in example in 1.

3. Data coupled with experienced sensory evaluation is better than data alone because data alone does NOT factor in unzillowables, even MLS data. Some things just can’t be number crunched.

Ultimately, for your particular real estate need, the zestimate may not be the bestimate.

Thank you for your comment SoMdrenter.

BTW, are you near Ocean City?

-jf

]]> By: SoMdrenter http://blog.sellsiusrealestate.com/zillow/unzillowable-to-coin-a-phrase/2006/08/14/#comment-11573 SoMdrenter Fri, 25 Aug 2006 22:09:12 +0000 http://blog.sellsiusrealestate.com/zillow/unzillowable-to-coin-a-phrase/2006/08/14/#comment-11573 "unzillowable"? How about uncommisionable? The reason for the brugh ha ha over zillow? The RE industry is not getting a commission from it. No, zillow doesn’t have “secret shoppers” out collecting carpet and air quality samples. Anyone who thinks they do/should simply does not have a firm grasp on the internet nor the potential data spigot that has been opened. Zillow is one of many tools. Just as: http://www.mris.com/reports/stats/ http://tinyurl.com/kk8gj (mapable tax records) http://tinyurl.com/ohrlq (Washington Post link) http://www.mdlandrec.net (Must have a password, but registration is free) Are tools. It’s almost to the point where the only thing one would need a realtor for, is to open the lock box. The last vestiges of a realtor? How about a new poll? If you’re a buyer would you rather use a realtor and pay the commission based on the sales price of a house, OR For a small fee, full (read only) access to the MLS? “unzillowable”?

How about uncommisionable?

The reason for the brugh ha ha over zillow? The RE industry is not getting a commission from it. No, zillow doesn’t have “secret shoppers” out collecting carpet and air quality samples. Anyone who thinks they do/should simply does not have a firm grasp on the internet nor the potential data spigot that has been opened.

Zillow is one of many tools. Just as:

http://www.mris.com/reports/stats/

http://tinyurl.com/kk8gj (mapable tax records)

http://tinyurl.com/ohrlq (Washington Post link)

http://www.mdlandrec.net (Must have a password, but registration is free)

Are tools.

It’s almost to the point where the only thing one would need a realtor for, is to open the lock box.

The last vestiges of a realtor? How about a new poll? If you’re a buyer would you rather use a realtor and pay the commission based on the sales price of a house, OR

For a small fee, full (read only) access to the MLS?

]]>