***”“We’ve taught the Zestimate to discern quality by training convolutional neural networks with millions of photos of homes on Zillow, and asking them to learn the visual cues that signal a home feature’s quality,”

A mix of deception; hyperbole and software gibberish to intimidate those unfamiliar with a dictionary and “SKYNET, Hal or overwhelming failure of Big Data to accurately predict much of anything. Heck, they can’t even get it right with hindsight! (Check Zillow after a property sale).

CA-You are familiar with California Constitution Article XIII, aren’t you? That is one way you and a neighbor with identical houses could have different taxes and assessments.

It is also possible your house was originally built as a 1 br 1 ba and had subsequent additions that were either not permitted and reported, or were permitted but not updated in county records. Ultimately if you want corrected county data reported it is strictly up to you to do it. Better find out possible tax impacts first.

Bill, different but similar in one of my counties the assessor always gives the GBA on houses but outside sources (even some agents) don’t know that and report it as the GLA.

I had two this week Taunya. One turned out to be 700sf smaller because agents in CA have no idea what below grade means and just call it GLA. No big deal, just $150,000 less in value. The 2nd one is a classic, meaning the agent simply pulled public record files and listed the characteristics accordingly, but it turns out the original owner purchased from the builder an optioned/updated floor plan and thus had significantly more legal GLA, extra BR, BA, etc. I’m still working on it, but in this specific neighborhood (1.1 to 1.5 million) the difference could result in the appraised value coming in over $150,000 above contract price. No one seems to care, nor want to hear from the boots on the ground appraiser.

Seek the truth.

How many times have we gone to the house thinking it’s one thing, based on pictures, only to find something else on inspection? Does anyone actually ever ask an appraiser what we do??

Helen, unfortunately none will care except the home owner who gets stuck with it. Well you can say they can sue, but that’s no easy task.

I inspected a house with differences in GLA from tax records different bath count. Is a third party qualified to determine whether it is in similar quality to the rest of the dwelling? Do they notify appraiser of possible non permitted addition? Will Zillow know the difference? Will anyone care until someones house burns down and insurance refuses to pay?

Concur.

Ford, the most important part of appraising is the INSPECTION. period. Its not quadratic equations, not squrilly stats, not conic sections, not E&O ins, not market direction analysis, in face, not any sort of analysis at all.

Without an inspection there is no Big Data. period. and a Google street shot ain’t gonna do it.

Reminder Folks: appraising is a JOB, and a job entails putting on a Ben Davis & getting bruised knuckles.

GREAT question and observation!

Has anyone asked the question; What about the home inspection service? Are they being automated away alongside appraisers? Perhaps we’re asking the wrong questions.

It may be somewhat random, and perhaps rare, but I can see a scenario where a home sells multiple times, always selling to well qualified borrowers whom would qualify for waivers or avm’s in lieu of a full appraisal service. It’s possible that homes which continue to flip over could never be seen by an appraiser at all for decades into the future. But what about the home inspector? An avm is a robo signed opinion of value. Remote inspections? Why not.

I just did a back flip regarding your revelation that; Corporations are greedy and put profits before people. Wow, any other groundbreaking contributions to make? Adopt the defeatist argument at your own peril.

It’s more devious than that. Big tech tyranny is taking on many new interesting forms. When you fill out an income survey, this will directly affect your coupon access, your online pricing, and even the products offered to you through a wide range of online stores. Kiss your bogo coupons and lower priced item access goodbye if they see you coming. There are multitudes of disclosures in just the past year of people dealing with changing prices once they actually get to the store, because the companies use the correlation of their known data profile, along with the gps phone tracking, to custom tailor a ‘fair and equitable’ pricing plan for that individual.

Adapt or change you say? I suppose just go with it because price and value are relative and in a socialistic model, it’s only fair that you pay more and help carry the load for the next guy. Be careful what you wish for. I’ll put liberty ahead of income, but if you want to crash and burn by trying to adapt to tyranny in order to appease a multi national corporation, feel free.

Americans in their ignorance, no longer having a solid understanding of the constitution and our rights, have allowed it to happen to themselves. It’s very simple. Big tech companies are violating our inalienable rights to privacy and that is why they should have absolutely no say in how government operates, and should be regulated to the dustbin of history. In some scenarios, government can be good. What government is supposed to be limited to in the first place, protecting inalienable rights of legal citizens. In this case the 4th amendment because without having violated that, there would be no zillow or google in the first place, not in their current form.

Buy a copy for yourself today… I keep them on my garage wall and I often love to read the Declaration, Constitution, and Bill of Rights, when I’m drinking an evening whiskey and having a smoke. We can take this and any other industry back from the clutches of tyranny, with the right effort, and the right patriotic sentiment. The boston tea party happened for much less, something under 5% taxation and the occasional stationing of troops in homes. These days Americans abide over 50% cumulative taxation and both private corporation and government oversight is riddled through our lives, public and private. Where is the line?

https://www.nationalarchivesstore.org/products/u-s-constitution-1-page-poster

It’s the click game. Why does zillow post amazing appealing high numbers? More clicks.

We demand the right to be forgotten. Requesting a loan for real property or even owning real property should not come with a de facto requirement we relinquish our right to privacy.

Scam artists are having a field day in America. Big tech has facilitated crime on a previously unheard of level. Some time in the next few years, over one half of all Americans will have been the victims of successful data or identity theft scams of one sort or another.

People used to wonder why I never participated. Now they themselves wonder how they can get out. Lead by example. Trust is earned, not given. The latest big tech propaganda floating around goes something like; That argument for privacy sailed a long time ago, there is nothing we can do, you have nothing to hide so why worry, it’s important that we adapt to big tech changes and let that happen.

The right of the people to be secure in their persons, houses, papers, and effects, against unreasonable searches and seizures, shall not be violated, and no Warrants shall issue, but upon probable cause, supported by Oath or affirmation, and particularly describing the place to be searched, and the persons or things to be seized.

Zillow and Google have seized my personal data without a warrant, and put it on display for the world to see. Right to be forgotten is just getting started, the argument is not settled. Hell no I do not want to ‘take advantage of automation’ or forgo ‘long standing checks and balances systems’ if I ever have the unfortunate pleasure of needing another home loan.

Various tech companies, of which there is a new one every day of the week, often may draw that data from google street and aerial photos, or similar. Google over the past few years has apparently been updating the time of photo date stamp, while not updating the actual photo itself. I know because my home has a complete new fence system, not reflected on google street which bears a current date stamp. Because new construction projects from 8 years ago are finished and expanding, yet googles dated aerial image views now maintains a 2019 date stamp, just developing land from 10 years ago. It appears that after the 5 year mark, they just update the date stamp.

Big tech is dealing with the symptom of overly rapid expansion, without the manpower or properly allotted resources to keep data accurate, current, and consistent. It’s probably time for me to create an official google account, and ask for my homes image both street and aerial to be blurred for privacy reasons. Everyone here, as a notice of objection, should do the same. I gave Lowes my email the first time ever, due to a large material purchase. Surprisingly, they had on file an old business address and my now absent fax number, even though I had never once gave them any personal data. Big data. Big illusion.

There are plenty of people just like me who feed big tech false information in an effort to slow this technocratic expansion. Rely on that. It’s a safe call to predict that all new tech integration will result in dramatically reduced privacy, and dramatically increased data brokerage for anyone’s info who dares to get a loan. Get off of facebook already, you can access this site in an unrestricted uncensored manner by simply typing the web address in, even on a mobile. CJK, cross compare against assessors records for a better reference. The real benefit of tech in real estate is coming soon and everyone will enjoy ultra current taxation, assessors will no longer be in the arrears.

More importantly, was zillow photo interpreter trained to view foundation cracks? A clogged toilet or tub? Uneven flooring? Mildewed walls, cracks in tile caulking that have allowed water seepage into the underlying wood below (rot)? Does it recognize termite droppings or rodent waste? How about that trail of ants? Cockroaches? Dead rat smell in the attic? How about chartreuse and brilliant purple and orange wall paint? (OK that last was a bit of a stretch, but the point remains).

FIRREA required MINIMUM standards after the S&L crisis. Those minimums were pared away before the ink was dry. Had just 1 in 10 of all appraisals done been field reviewed, the TARP fiasco and Too Big to Fail WOULD NOT HAVE BEEN POSSIBLE!

https://www.picsera.com/real-estate/
https://www.boxbrownie.com/

that’s where my smell vision works best. If i can smell a comp from the street there a problem

Exactly! Helen they will try and blame us, but this we will not have a hand in. I will be waiting to clean up this mess soon enough because these methods will not last long before they lead us into the next crash.