Comments on: Maybe it’s not such a good thing afterall http://mioaklandcounty.com/blog/2006/12/14/maybe-its-not-such-a-good-thing-afterall/?utm_source=rss&utm_medium=rss&utm_campaign=maybe-its-not-such-a-good-thing-afterall Real Estate in Birmingham, Bloomfield Hills, Beverly Hills, Royal Oak, Troy and Oakland County Michigan Tue, 07 Feb 2012 20:06:34 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Larry Cragun http://mioaklandcounty.com/blog/2006/12/14/maybe-its-not-such-a-good-thing-afterall/comment-page-1/#comment-2321 Larry Cragun Tue, 16 Jan 2007 20:47:29 +0000 http://mioaklandcounty.com/blog/2006/12/13/maybe-its-not-such-a-good-thing-afterall/#comment-2321 Hey, I think we got your snow storm. Please take it back. We want rain here. Hey, I think we got your snow storm. Please take it back. We want rain here.

]]> By: jf.sellsius http://mioaklandcounty.com/blog/2006/12/14/maybe-its-not-such-a-good-thing-afterall/comment-page-1/#comment-925 jf.sellsius Fri, 15 Dec 2006 16:24:53 +0000 http://mioaklandcounty.com/blog/2006/12/13/maybe-its-not-such-a-good-thing-afterall/#comment-925 Welcome to the Z party. They make for good commentary because it’s hype versus help. Seeing every house online is, of course, helpful. Public data is helpful if it’s accurate, complete and fresh—but public data is not self-validating information & therefore not helpful enough to rely on. So you have to double check it anyway as part of your due diligence– so what time do you save? Having comps is helpful but how can you be sure an AVM picked the correct, accurate & freshest comps? You can’t. Not helpful. Flawed zestimates beside good list prices don’t help either. Yet brokers flocking to list on Z will serve to validate the flawed zestimates, to some degree, and they will never leave. Can anyone say a flawed zestimate beside a list price has No effect on potential buyers? Where is the control over what appears next to your listing? At the very least, an owner or agent should have the right to prohibit someone’s unsolicited opinion of what your listing is worth, especially if that value opinion is wrong. This other value tag that must be stuck next to yours should have EVERYONE up in arms. Next Z will have someone standing next to your lawn sign. All in the name of transparency. Watch for those who drop that buzzword as justification for someone publishing their wrong opinion of value of your property. Seemingly, that free carrot of listings is a heady enticement for some to ignore the fact that someone other than the owner or you, the agent, is forcing you to accept something that may not be helpful in getting a buyer to call. It’s free so you shouldn’t complain, i guess. (Im not talking about the case where the zestimate is accurate and you’d not want to remove it). Z has courted real estate bloggers and some former critics have gone so far as to proclaim Z the next coming, a giant behemoth that will immediately kill off any competition. Pure hogwash IMO from those who have gotten the David G high-five. The real estate universe is immense and craigslist, Realtor.com. Re/Max, Yahoo/Pru, Google are all 900 lb gorillas who will coexist for a long time. If Z wants to disintermediate professionals, they may become “the” FSBO site and they will do fine. But to say Z will make extinct any other model or website are underestimating the diversity which is real estate and the hard working experienced professionals who add value to the transfer of property. That giving of value will NEVER become extinct. BTW, love the new look. Welcome to the Z party. They make for good commentary because it’s hype versus help. Seeing every house online is, of course, helpful. Public data is helpful if it’s accurate, complete and fresh—but public data is not self-validating information & therefore not helpful enough to rely on. So you have to double check it anyway as part of your due diligence– so what time do you save? Having comps is helpful but how can you be sure an AVM picked the correct, accurate & freshest comps? You can’t. Not helpful.
Flawed zestimates beside good list prices don’t help either. Yet brokers flocking to list on Z will serve to validate the flawed zestimates, to some degree, and they will never leave. Can anyone say a flawed zestimate beside a list price has No effect on potential buyers?
Where is the control over what appears next to your listing? At the very least, an owner or agent should have the right to prohibit someone’s unsolicited opinion of what your listing is worth, especially if that value opinion is wrong. This other value tag that must be stuck next to yours should have EVERYONE up in arms. Next Z will have someone standing next to your lawn sign. All in the name of transparency. Watch for those who drop that buzzword as justification for someone publishing their wrong opinion of value of your property.

Seemingly, that free carrot of listings is a heady enticement for some to ignore the fact that someone other than the owner or you, the agent, is forcing you to accept something that may not be helpful in getting a buyer to call. It’s free so you shouldn’t complain, i guess.
(Im not talking about the case where the zestimate is accurate and you’d not want to remove it).

Z has courted real estate bloggers and some former critics have gone so far as to proclaim Z the next coming, a giant behemoth that will immediately kill off any competition. Pure hogwash IMO from those who have gotten the David G high-five. The real estate universe is immense and craigslist, Realtor.com. Re/Max, Yahoo/Pru, Google are all 900 lb gorillas who will coexist for a long time. If Z wants to disintermediate professionals, they may become “the” FSBO site and they will do fine. But to say Z will make extinct any other model or website are underestimating the diversity which is real estate and the hard working experienced professionals who add value to the transfer of property. That giving of value will NEVER become extinct.

BTW, love the new look.

]]> By: Athol Kay http://mioaklandcounty.com/blog/2006/12/14/maybe-its-not-such-a-good-thing-afterall/comment-page-1/#comment-889 Athol Kay Thu, 14 Dec 2006 18:15:17 +0000 http://mioaklandcounty.com/blog/2006/12/13/maybe-its-not-such-a-good-thing-afterall/#comment-889 Which just means Zillow is more important to pay attention to than ever. You have to get on Zillow and tell your side of the story with an owners estimate etc. Which just means Zillow is more important to pay attention to than ever. You have to get on Zillow and tell your side of the story with an owners estimate etc.

]]> By: Toby & Sadie http://mioaklandcounty.com/blog/2006/12/14/maybe-its-not-such-a-good-thing-afterall/comment-page-1/#comment-886 Toby & Sadie Thu, 14 Dec 2006 16:49:55 +0000 http://mioaklandcounty.com/blog/2006/12/13/maybe-its-not-such-a-good-thing-afterall/#comment-886 Hmm … Write about “you know who” and readership goes up? Might have to try that :-) I’ve been playing the game a bit as well. Yesterday, I took on the bubble bloggers and nothing. Jeez. I was pumped up looking for a couple nice new ways of spelling Realtor in my inbox. Even had a dream that one of them called me. Yeah. A handful of new readers but not as many as I was hoping. Love the new look - if I haven’t told you already. It fits you such much better than the plain one you had before. Figuring out Wordpress better? There are some cool widgets that you can add to it. I’ve actually turned it into a “mini CMS” for my site. We’ll see how that goes for me. Hmm … Write about “you know who” and readership goes up? Might have to try that :-)

I’ve been playing the game a bit as well. Yesterday, I took on the bubble bloggers and nothing. Jeez. I was pumped up looking for a couple nice new ways of spelling Realtor in my inbox. Even had a dream that one of them called me. Yeah. A handful of new readers but not as many as I was hoping.

Love the new look – if I haven’t told you already. It fits you such much better than the plain one you had before. Figuring out WordPress better? There are some cool widgets that you can add to it. I’ve actually turned it into a “mini CMS” for my site. We’ll see how that goes for me.

]]> By: John Lockwood http://mioaklandcounty.com/blog/2006/12/14/maybe-its-not-such-a-good-thing-afterall/comment-page-1/#comment-881 John Lockwood Thu, 14 Dec 2006 15:52:38 +0000 http://mioaklandcounty.com/blog/2006/12/13/maybe-its-not-such-a-good-thing-afterall/#comment-881 Well, you’re a bit of a backslider, but those of us in the community that never talks about what’s-their-name would be happy to welcome you back. Just say five Hail Marys and try not to do it again. Well, you’re a bit of a backslider, but those of us in the community that never talks about what’s-their-name would be happy to welcome you back. Just say five Hail Marys and try not to do it again.

]]> By: Larry Cragun http://mioaklandcounty.com/blog/2006/12/14/maybe-its-not-such-a-good-thing-afterall/comment-page-1/#comment-871 Larry Cragun Thu, 14 Dec 2006 07:25:28 +0000 http://mioaklandcounty.com/blog/2006/12/13/maybe-its-not-such-a-good-thing-afterall/#comment-871 PS the spider represents our saturday bugs undressed feature. lar PS the spider represents our saturday bugs undressed feature. lar

]]> By: Larry Cragun http://mioaklandcounty.com/blog/2006/12/14/maybe-its-not-such-a-good-thing-afterall/comment-page-1/#comment-870 Larry Cragun Thu, 14 Dec 2006 07:24:51 +0000 http://mioaklandcounty.com/blog/2006/12/13/maybe-its-not-such-a-good-thing-afterall/#comment-870 It is no big deal. you are just going to have to work triple time explaining the flaws in zestimates to sellers and buyers, over and over and over again. Lar It is no big deal. you are just going to have to work triple time explaining the flaws in zestimates to sellers and buyers, over and over and over again. Lar

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