Totally agree! Zillow is crap and has been from the beginning.

Internet-related start-ups are relatively new and still at a stage where they can lie and deceive regulators about what they do… until it hits a saturation point. Zillow can no longer pretend they are an internet novelty and therefore exempt from states appraisal laws. Their marketing created the impression (false or deceptive advertising?) that they are somehow experts and appraising or writing predictive software. Now let them face the consequences. ALL of them.

Frankly the same holds true with UBER. I like the service, but WHY should they have been allowed to bypass each cities taxi licensing laws; medallion requirements, or special location surcharges (like airports)?

Free Enterprise also includes an inherent assumption that we are all playing by the same rules.

Now, they feel duped; especially since no one told them how much it costs to maintain a home. Landscaping costs are through the roof; you need to pay someone to clean gutters, etc. unless you like to do such a thing, and on and on.

Homeownership has become unaffordable and someone forgot to tell the buyers out there–until they figured it out the hard way! They now own the monster–and they have to feed it!– Or sell it!

A quick Google search relating to this topic resulted in finding that 20% of the time their results are off by more than 20%. One in five are off by 20%, wow! What would happen if five out of five homes were allowed to close at the Zestimate price with typical financing for each (no appraisal)? The one in five problem would instantly taint the market data and would corrupt all/most future listings, and or appraisals. A one in five problem becomes a five out of five problem.

Seek the truth.

The Hedge fund he started in 2012 under performed and eventually FAILED

A blind monkey throwing darts at the stock market page did better than he did.

His lame excuse for under-performance was :
“Making investment decisions by looking solely at the fundamentals of individual companies is no longer a viable investment philosophy.”

Wall Street Inside Trading POSERS need to stop promoting themselves as predictors of he future and STAY THE F*CK OUT OF REAL ESTATE

Zillow gets 36 MILLION unique monthly website visitors per month.

Worst case scenario……. they are acquired by Amazon or Facebook.

From minor easement encroachments to legal non conforming to flat out illegal and costs to make something legal, automation just cannot do what the trained appraisal professional can.