Zillow

Zestimates Are Not Accurate – Seriously Stop Looking at Them

November 30, 2023 Published by Robert Davis

The Truth About Zestimates: Understanding Their Limitations in Real Estate What Are Zestimates? Zestimates are the estimated market values for homes provided by Zillow, a popular real estate website. Generated through a proprietary formula, they take into account public and user-submitted data. Zestimates are often the first point of reference for many potential homebuyers and sellers. The Inaccuracy of Zestimates While Zestimates provide a convenient starting point for understanding property values, they are often subject to significant inaccuracies. These inaccuracies can arise from outdated information, unaccounted home improvements, or market fluctuations that the Zillow algorithm may not immediately reflect. Risks of Relying Solely on Zestimates Using Zestimates as the sole basis for valuing a home or making an offer can lead to misguided decisions. Over-reliance... Read more

Are Zestimates Accurate?

November 17, 2023 Published by Robert Davis

Are Zestimates Accurate? Nope...but...Understanding the accuracy of Zillow's Zestimates is crucial for both buyers and sellers in the real estate market. This article provides a comprehensive overview, backed by recent data and expert insights, of how Zillow's Zestimate functions and its level of accuracy in 2023. Zestimates are a great help to show market direction but not specific home values. Are Zestimates Accurate? What Is the Zillow Zestimate? Zillow's Zestimate offers an estimated market value for nearly every residential property in the U.S., employing proprietary technology and a sophisticated algorithm. It considers various factors like home features, physical attributes, historical data, tax assessments, market trends, and user-submitted data. Calculation of a Zestimate Zestimates are generated using an automated valuation model that analyzes data from multiple... Read more

Did Zillow Buy Follow Up Boss (FUB)?

November 10, 2023 Published by AgentsGather

Did Zillow Buy Follow Up Boss (FUB)? YES They Bought Your Clients Information!! In the rapidly evolving landscape of real estate technology, major moves by industry giants can significantly impact how real estate professionals conduct their business. One such monumental move is Zillow Group's recent acquisition of Follow Up Boss (FUB), a leading customer relationship management (CRM) system in the real estate industry. This acquisition, officially announced on November 1, 2023, marks a notable shift in Zillow's approach to real estate technology and its offerings to agents and brokers. Zillow's Strategic Acquisition: A Game-Changer for Real Estate CRM Zillow Group, already a dominant player in the real estate marketplace with its extensive listings and market analytics, has further solidified its position by acquiring Follow Up... Read more

Tag: Zillow