Comments on: Zillow Crows, Redfin Stews? http://www.futureofrealestatemarketing.com/zillow-crows-redfin-stews Internet, Web 2.0 and Real Estate Marketing Fri, 19 Mar 2010 21:02:39 -0700 http://wordpress.org/?v=2.8.4 hourly 1 By: The XBroker Mortgage Real Estate Marketing Technology » The Beginning of The End of The MLS As We Know It? http://www.futureofrealestatemarketing.com/zillow-crows-redfin-stews/comment-page-1/#comment-28160 The XBroker Mortgage Real Estate Marketing Technology » The Beginning of The End of The MLS As We Know It? Mon, 13 Jul 2009 22:35:06 +0000 http://www.futureofrealestatemarketing.com/zillow-crows-redfin-stews#comment-28160 [...] Zillow Crows, Redfin Stews The Future of Real Estate Marketing… [...] [...] Zillow Crows, Redfin Stews The Future of Real Estate Marketing… [...]

]]> By: The End Of The MLS As We Know It? - The XBroker: Transparency in Mortgage http://www.futureofrealestatemarketing.com/zillow-crows-redfin-stews/comment-page-1/#comment-10892 The End Of The MLS As We Know It? - The XBroker: Transparency in Mortgage Sun, 06 May 2007 13:59:49 +0000 http://www.futureofrealestatemarketing.com/zillow-crows-redfin-stews#comment-10892 <!--%kramer-ref-pre%-->[...] Zillow Crows, Redfin Stews The Future of Real Estate Marketing... [...]<!--%kramer-ref-post%--> [...] Zillow Crows, Redfin Stews The Future of Real Estate Marketing… [...]

]]> By: 5032989 Mapping Patent Real Estate Patent Infringement and IDX Real Estate Mapping http://www.futureofrealestatemarketing.com/zillow-crows-redfin-stews/comment-page-1/#comment-3123 5032989 Mapping Patent Real Estate Patent Infringement and IDX Real Estate Mapping Tue, 02 Jan 2007 15:33:11 +0000 http://www.futureofrealestatemarketing.com/zillow-crows-redfin-stews#comment-3123 <!--%kramer-ref-pre%-->[...] http://www.futureofrealestatemarketing.com/zillow-crows-redfin-stews [...]<!--%kramer-ref-post%--> [...] http://www.futureofrealestatemarketing.com/zillow-crows-redfin-stews [...]

]]> By: Real Estate Blog - The End of The MLS As We Know It? http://www.futureofrealestatemarketing.com/zillow-crows-redfin-stews/comment-page-1/#comment-2635 Real Estate Blog - The End of The MLS As We Know It? Thu, 21 Dec 2006 23:18:02 +0000 http://www.futureofrealestatemarketing.com/zillow-crows-redfin-stews#comment-2635 <!--%kramer-ref-pre%-->[...] Zillow Crows, Redfin Stews The Future of Real Estate Marketing… [...]<!--%kramer-ref-post%--> [...] Zillow Crows, Redfin Stews The Future of Real Estate Marketing… [...]

]]> By: jf.sellsius http://www.futureofrealestatemarketing.com/zillow-crows-redfin-stews/comment-page-1/#comment-2544 jf.sellsius Mon, 18 Dec 2006 01:09:52 +0000 http://www.futureofrealestatemarketing.com/zillow-crows-redfin-stews#comment-2544 Good one Danilo. MSN Money did a AVM contest back in June that included zillow. The winner? Electronic Appraiser (FL). They've been around since 1999. They charge $29.95. I had the opportunity to speak to Greg Sullivan, Pres. of EA at Inman last year and he told me they use title company data among other sources. http://moneycentral.msn.com/content/Banking/Homefinancing/P150627.asp?GT1=8176 Good one Danilo. MSN Money did a AVM contest back in June that included zillow. The winner? Electronic Appraiser (FL). They’ve been around since 1999. They charge $29.95. I had the opportunity to speak to Greg Sullivan, Pres. of EA at Inman last year and he told me they use title company data among other sources.
http://moneycentral.msn.com/content/Banking/Homefinancing/P150627.asp?GT1=8176

]]> By: Danilo Bogdanovic - real/diaBlog http://www.futureofrealestatemarketing.com/zillow-crows-redfin-stews/comment-page-1/#comment-2541 Danilo Bogdanovic - real/diaBlog Sun, 17 Dec 2006 18:29:13 +0000 http://www.futureofrealestatemarketing.com/zillow-crows-redfin-stews#comment-2541 Joel, I agree with you 100%! Ny buddy (and fellow blogger) Tony Arko posted a blog on real/diaBlog on how the various AVMs stacked up against each other and how they compared to the true value of his house. They were up to 33% from the true market value of his property! I think we should all get together and form our own site. All we have to do is write some html and pick a number out of a hat each time We'll get $53M in funding within 9 months like Zillow did and then we can all retire in a few years. HA! Joel,

I agree with you 100%! Ny buddy (and fellow blogger) Tony Arko posted a blog on real/diaBlog on how the various AVMs stacked up against each other and how they compared to the true value of his house. They were up to 33% from the true market value of his property!

I think we should all get together and form our own site. All we have to do is write some html and pick a number out of a hat each time We’ll get $53M in funding within 9 months like Zillow did and then we can all retire in a few years. HA!

]]> By: jf.sellsius http://www.futureofrealestatemarketing.com/zillow-crows-redfin-stews/comment-page-1/#comment-2540 jf.sellsius Sun, 17 Dec 2006 18:11:46 +0000 http://www.futureofrealestatemarketing.com/zillow-crows-redfin-stews#comment-2540 James, Your comment brings to clarity 2 important zillowistics: (1) Knowing the statistical median margin of error does NOT help when you examine the guestimate of a particular property. YOU KNEW the house was outside the margin of error, big time. But how would I? If I did not have your knowledge, I would guess that the value may only be off a bit, based on the margin of error. This is the underlying fallacy of statistical medians or averages (amalgamated from a whole range of data)---they cannot predict value of a particular INDIVIDUAL unit, especially one that has not been "seen by the machine". (2) Public Data cannot self-validate. Thus, guestimates based on unvalidated data are inherently suspect. Somebody needs to double check. Somebody still has to do some work. This extra work then tells you if Z was helpful--but it's AFTER the fact of doing the work. That's why Z had owners step in--to fix their data. For homes with no owner corrections, what are you to suppose? Z's statistical median mind game is great if your playing craps in a casino and you want to know your odds on a throw, but buying or selling real estate is a major investment which should not be determined to any degree by the toss of the Zillow dice. That's just crap. James,
Your comment brings to clarity 2 important zillowistics:
(1) Knowing the statistical median margin of error does NOT help when you examine the guestimate of a particular property. YOU KNEW the house was outside the margin of error, big time. But how would I? If I did not have your knowledge, I would guess that the value may only be off a bit, based on the margin of error. This is the underlying fallacy of statistical medians or averages (amalgamated from a whole range of data)—they cannot predict value of a particular INDIVIDUAL unit, especially one that has not been “seen by the machine”.
(2) Public Data cannot self-validate. Thus, guestimates based on unvalidated data are inherently suspect. Somebody needs to double check. Somebody still has to do some work. This extra work then tells you if Z was helpful–but it’s AFTER the fact of doing the work.
That’s why Z had owners step in–to fix their data. For homes with no owner corrections, what are you to suppose?

Z’s statistical median mind game is great if your playing craps in a casino and you want to know your odds on a throw, but buying or selling real estate is a major investment which should not be determined to any degree by the toss of the Zillow dice. That’s just crap.

]]> By: James Corle http://www.futureofrealestatemarketing.com/zillow-crows-redfin-stews/comment-page-1/#comment-2537 James Corle Sun, 17 Dec 2006 16:51:05 +0000 http://www.futureofrealestatemarketing.com/zillow-crows-redfin-stews#comment-2537 I used the zillow site to get a value on my home. I was given a value that was twice the amount my home was actually worth. Therefore I think the site is worthless and would not use it again or recommend it to anyone else. I used the zillow site to get a value on my home. I was given a value that was twice the amount my home was actually worth. Therefore I
think the site is worthless and would not use it again or recommend
it to anyone else.

]]> By: jf.sellsius http://www.futureofrealestatemarketing.com/zillow-crows-redfin-stews/comment-page-1/#comment-2494 jf.sellsius Thu, 14 Dec 2006 20:55:29 +0000 http://www.futureofrealestatemarketing.com/zillow-crows-redfin-stews#comment-2494 Hi again David. A "consultant" or any other term you care to use would be a person who stands between the buyer and seller to advise/facilitate a sale for compensation. You answered the question in any case. Thank you. I was unaware that For Sale content was part of the Zillow plan. Is this public knowledge or have you given FOREM an exclusive? Hi again David.

A “consultant” or any other term you care to use would be a person who stands between the buyer and seller to advise/facilitate a sale for compensation. You answered the question in any case. Thank you.

I was unaware that For Sale content was part of the Zillow plan. Is this public knowledge or have you given FOREM an exclusive?

]]> By: David G from Zillow.com http://www.futureofrealestatemarketing.com/zillow-crows-redfin-stews/comment-page-1/#comment-2478 David G from Zillow.com Thu, 14 Dec 2006 14:55:24 +0000 http://www.futureofrealestatemarketing.com/zillow-crows-redfin-stews#comment-2478 Hi, it's David from Zillow, jf - Zillow has no plans to represent or advise real estate consumers in their transactions -- I don't know what a "real estate consultant" does (that one is new to me), but I hope that answers your question. Also, For Sale content was always a part of the plan. As Marcus says above ... this move should have been predictable. Hi, it’s David from Zillow,

jf –
Zillow has no plans to represent or advise real estate consumers in their transactions — I don’t know what a “real estate consultant” does (that one is new to me), but I hope that answers your question. Also, For Sale content was always a part of the plan. As Marcus says above … this move should have been predictable.

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