Zillow.com Sued Over Zestimate

It was a matter of time. Some buyers take the home value estimate seriously, known as the “zestimate”, and use this value when writing an offer on a home. We have found “zestimates” tend to be inaccurate when the home is located on a premium lot, has a private pool, and it is unable to adjust for any upgrades that the most recently sold homes may not have. (ex. home is 100% tile versus a home that has mostly carpet and some tile.)

Article From the Miami Herald: Homeowner sues Zillow, says ‘Zestimate’ is nonsense

Video: Lawsuit questions the accuracy of the Zillow home “Zestimate” tool

2013-sellingtips

About Farhat and Associates Real Estate

Professional - Our early careers were in Accounting, Property Management, and Technology fields. Both Aziz and I found our passion for real estate as we started in the industry as Investors. Since 2004, we have devoted ourselves to this business on a full-time basis and have sold 100s of homes for our clients. Personal - Our passions are our family, our dogs, outdoor activities, reading, photography, golfing, and discovering new foods/restaurants.
This entry was posted in Buyer Advice, Seller Advice. Bookmark the permalink.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s