Comments on: Zillow vs Appraisal Ethics Rules https://appraisersblogs.com/zillow-vs-appraisal-ethics-rules Appraisal News and Tips for Real Estate Appraisers Fri, 10 Nov 2017 01:45:34 +0000 hourly 1 https://wordpress.org/?v=7.0.1 By: koma https://appraisersblogs.com/zillow-vs-appraisal-ethics-rules/#comment-18149 Fri, 10 Nov 2017 01:45:34 +0000 http://appraisersblogs.com/?p=6916#comment-18149 Bing Maps is now giving out estimates on home values. WTH! When appraising a property I always look at multiple maps (tax assessor/county/state flood/google/bing/etc) of the subject to see if anything sticks out before venturing out the door. Well on left side under the address seeing some info about the house sf/site sf/year built and I click on the drop down and it starts talking about their “estimate of value” and “Comparable” nearby homes.

Well, lets take a look at their comparables. Actually just one because the orders are coming in before the holiday. First the subject is a 4/2/1 single family house built in 1920. They list the address of their comparables and wouldn’t know it one is a 5/3/2 sf house with an attached studio apartment built in 1930. Just have to give the next 6/3/1 sf house built in 1956. Realize that I’m giving you not much info., but you get the drift though.

This is just crazy! AVM’s are leading us to the next crash.

]]> By: HW https://appraisersblogs.com/zillow-vs-appraisal-ethics-rules/#comment-11481 Sun, 18 Jun 2017 19:10:10 +0000 http://appraisersblogs.com/?p=6916#comment-11481 Hopefully such lawsuits continue against Zillow, Trulia, and any other entities that think they can circumvent federal and state laws such as Fannie Mae does by operating outside of the parameters of their Charter that strictly prohibits them from having any business operations in the primary market and mandates their operations to be confined to that of the secondary market only.

]]> By: Jason https://appraisersblogs.com/zillow-vs-appraisal-ethics-rules/#comment-11479 Fri, 16 Jun 2017 14:16:51 +0000 http://appraisersblogs.com/?p=6916#comment-11479 We need to take our profession back and leave the true opinions or estimates of values to the licensed professional appraisers.

]]> By: Carl https://appraisersblogs.com/zillow-vs-appraisal-ethics-rules/#comment-11478 Thu, 15 Jun 2017 21:07:16 +0000 http://appraisersblogs.com/?p=6916#comment-11478 Great analysis. This will be interesting to follow.

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