Zillow Is A Starting Point, But Real Estate Agents Are Better Judges Of Home’s Value

Printer-friendly version
September 16, 2016

Looking up the estimated value of any property on Zillow is great. The site just doesn’t replace a good real estate agent, though.

Amy Hoak of MarketWatch writes that Zillow’s CEO, Spencer Rascoff, said that the site was meant to give consumers more access to home-value information. It’s not to put real estate agents out of business, as Hotwire and others did to the travel agency industry.

“We call it a Zestimate and not a zeppraisal and not a zeprice. It’s meant to be a starting point,” Rascoff said. “To determine a more accurate opinion of a home’s value you should hire a real estate agent, or more to the point, you should sell the house and then you will know how much it’s worth.”

Rascoff sold a Seattle investment property for $1.1 million earlier this year. The Zestimate indicated that it was worth $1.7 million.

Read more

Comments on: "Zillow Is A Starting Point, But Real Estate Agents Are Better Judges Of Home’s Value"

July 2017

This Month in Professional Builder

Products
Features

Ashton Woods launched Starlight Homes to target entry-level home...

Overlay Init