2,684,109
I want to make an offer to buy it. Make my offer contingent on me previewing the house within the next 21 days. And that real estate lady on HGTV says never offer full price, so I only want to pay $765,000 with a payment of $2800 per month. Thank you. Oh, and I want you to give me half of your commission at closing.
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Ron and Alexandra Seigel
Carpinteria, CA
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Kasey & John Boles
Boise, ID
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Lyn Sims
Schaumburg, IL
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Carla Freund
Raleigh, NC
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Brenda Mayette
Glenville, NY
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Nina Hollander, Broker
Charlotte, NC
-
Kat Palmiotti
Kalispell, MT
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Debe Maxwell, CRS
Charlotte, NC
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Kathleen Daniels, Prob...
San Jose, CA
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Candice A. Donofrio
Fort Mohave, AZ
1,751,129
Funny you should ask, Kathleen. I had two clients send me dozens of listings this weeks that were either under contract, off the market, sold or were never on the market. One lady argued with me. I had to go by the house to prove it was not available.
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Ron and Alexandra Seigel
Carpinteria, CA
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Lyn Sims
Schaumburg, IL
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Carla Freund
Raleigh, NC
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Nina Hollander, Broker
Charlotte, NC
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Debe Maxwell, CRS
Charlotte, NC
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Kathleen Daniels, Prob...
San Jose, CA
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Fred Griffin Florida R...
Tallahassee, FL
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Bob Crane
Stevens Point, WI
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Candice A. Donofrio
Fort Mohave, AZ
1,052,221
How long ya got?
Truly, it is like freakin' CRACK.
No matter HOW MANY TIMES we tell them THEY ARE GUESSING, it is based on an algorithm and has no basis in reality, the home is not for sale, see it SAYS OFF MARKET, IT'S FAKE NEWS . . . they just can't resist being sucked in.
One of my clients sent me 6 listings - ALL either pending or not for sale - he is on auto-emails but he can't put the pipe down.
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Fred Griffin Florida R...
Tallahassee, FL
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Ron and Alexandra Seigel
Carpinteria, CA
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Lyn Sims
Schaumburg, IL
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Brenda Mayette
Glenville, NY
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Debe Maxwell, CRS
Charlotte, NC
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Kathleen Daniels, Prob...
San Jose, CA
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Bob Crane
Stevens Point, WI
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Candice A. Donofrio
Fort Mohave, AZ
3,345,091
The answer for me is that when I tell my clients that the data is not accurate some will just go there anyway. Despite the fact they are set up on an MLS search which is a direct feed from my MLS I still from time to time get messages about their interest in a home that is not for sale. They just don't see the property is pending or off the market.
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Lyn Sims
Schaumburg, IL
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Brenda Mayette
Glenville, NY
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Nina Hollander, Broker
Charlotte, NC
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Debe Maxwell, CRS
Charlotte, NC
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Fred Griffin Florida R...
Tallahassee, FL
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Bob Crane
Stevens Point, WI
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Candice A. Donofrio
Fort Mohave, AZ
5,104,931
That houses don't change value day by day the way a pound of potatoes do. They also don't understand how these numbers are derived. And they don't understand that there is a difference in a forensic value such as derived by an appraiser versus market value as seen by buyers. As for asking about houses that are not on market... that's something I've been dealing with for years.
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Becca Rasmussen
Highlands Ranch, CO
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Fred Griffin Florida R...
Tallahassee, FL
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Kathleen Daniels, Prob...
San Jose, CA
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Lyn Sims
Schaumburg, IL
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Brenda Mayette
Glenville, NY
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Jordan Ayan
Scottsdale, AZ
851,242
What don't they understand? ALL KINDS of things! At least a million times per week, I hear myself saying "they just don't get it". I guess it's time we taught them more effectively.
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Debe Maxwell, CRS
Charlotte, NC
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Fred Griffin Florida R...
Tallahassee, FL
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Kathleen Daniels, Prob...
San Jose, CA
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Lyn Sims
Schaumburg, IL
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Candice A. Donofrio
Fort Mohave, AZ
5,230,136
We have that same issue with buyers here, Kathleen. They'll text me with a link to a very similar thing that you shared ' OFF MARKET ' - What don't they understand about those two words!
They'll say, "I know you don't like me searching on Zillow but, ..." Inevitably, the home is NOT available. It's SUCH a time-suck and the day we FINALLY get them off of these sites will be a day to REJOICE!
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Anthony Acosta - ALLAT...
Atlanta, GA
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Fred Griffin Florida R...
Tallahassee, FL
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Kathleen Daniels, Prob...
San Jose, CA
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Candice A. Donofrio
Fort Mohave, AZ
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Brenda Mayette
Glenville, NY
4,272,548
This is the Gospel truth, I read it online...
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Fred Griffin Florida R...
Tallahassee, FL
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Lyn Sims
Schaumburg, IL
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Debe Maxwell, CRS
Charlotte, NC
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Kathleen Daniels, Prob...
San Jose, CA
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Paul S. Henderson, REA...
Tacoma, WA
6,393,609
There is a lot that the public does not understand.
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Brenda Mayette
Glenville, NY
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Debe Maxwell, CRS
Charlotte, NC
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Kathleen Daniels, Prob...
San Jose, CA
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Joseph Domino 480-390-...
Scottsdale, AZ
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Bob Crane
Stevens Point, WI
54,940
It is not about what the public understands about Zillow - you don't have to understand a product to use it (and like it). However, IMHO it is less what Zillow says today, and more about what Zillow will say in the future.
We will never convince the public that Zillow is wrong. Zillow spends way too much in marketing what they do, and they have captured the mindshare of the public. Most people that I encounter today have lots of awareness on topics they are interested in(not necessarily knowledge) because of the internet. Doesn't matter the field - ask a doctor how many people have figured out what is wrong with them before their appointment.
Why I think Zillow is going to become more of a powerhouse in the future is the power of Big Data. They have built and are continuing to grow an incredible database and have data scientists who work daily to improve what they do with that data. The real estate industry has been the aggregator of data but has always left the analysis of that data up to others. Zillow and newcomers we do not even know yet are harnessing the power of data, and will ultimately deliver a product that will be much more accurate in the future.
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Fred Griffin Florida R...
Tallahassee, FL
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Kathleen Daniels, Prob...
San Jose, CA
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Jordan Ayan
Scottsdale, AZ
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Candice A. Donofrio
Fort Mohave, AZ
2,436,470
The general public loves using online search portals such as the one you've shown, and most don't care what we have to say about the inaccuracies of estimates, unavailability of homes that show as available, etc.
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Debe Maxwell, CRS
Charlotte, NC
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Fred Griffin Florida R...
Tallahassee, FL
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Kathleen Daniels, Prob...
San Jose, CA
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Nina Hollander, Broker
Charlotte, NC
1,502,998
I have one I'm listing. Owners have had it for about a month and a half, still shows as pre-foreclosure. Only recently got listed by them.
I tell people the truth, out here Zillow has no direct access to listing data and relies solely on agents allowing their listings onto their site. Also that the zestimate, by Zillow's own admission, is flawed and can be off between 8%-20%!
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Fred Griffin Florida R...
Tallahassee, FL
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Kathleen Daniels, Prob...
San Jose, CA
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Candice A. Donofrio
Fort Mohave, AZ
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Debe Maxwell, CRS
Charlotte, NC
1,844,301
That Z is not the true distibutor of homes for sale. They don't know where they come from (us is the answer).
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Debe Maxwell, CRS
Charlotte, NC
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Fred Griffin Florida R...
Tallahassee, FL
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Kathleen Daniels, Prob...
San Jose, CA
1,374,473
There will always be a great deal of confusion about on line listings, valuations and availability. Very difficult to monitor accuracy when there are so many portals and variances. Educating the public is key.
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Debe Maxwell, CRS
Charlotte, NC
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Fred Griffin Florida R...
Tallahassee, FL
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Kathleen Daniels, Prob...
San Jose, CA
901,881
1. They send homes that are under contract and in some cases closed years ago.
2. They don't understand values are "estimates"
3. People call and think they're calling the listing agent and they're not
4. They think you can show them the house if their agent is busy
5. They think their home value may have changed a week after their closing
The list goes on. Of course, this is part of what gives agents job security.
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Debe Maxwell, CRS
Charlotte, NC
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Fred Griffin Florida R...
Tallahassee, FL
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Kathleen Daniels, Prob...
San Jose, CA
3,164,294
we've had a ton of "this foreclosure, that foreclosure" when the tax records indicate they aren't foreclosed at all.
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Fred Griffin Florida R...
Tallahassee, FL
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Kathleen Daniels, Prob...
San Jose, CA
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Debe Maxwell, CRS
Charlotte, NC
2,220,654
That's a great question Kathleen Daniels
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Debe Maxwell, CRS
Charlotte, NC
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Anthony Acosta - ALLAT...
Atlanta, GA
1,466,207
Kathleen Daniels They don't understand that this is Fake News.
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Debe Maxwell, CRS
Charlotte, NC
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Kathleen Daniels, Prob...
San Jose, CA
4,800,082
They don't take the time to read the small print, and sometimes even the not so small print.
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Anthony Acosta - ALLAT...
Atlanta, GA
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Kathleen Daniels, Prob...
San Jose, CA
3,416,038
They take them for gospel, they believe everything as it is on the internet after all.
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Debe Maxwell, CRS
Charlotte, NC
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Kathleen Daniels, Prob...
San Jose, CA
7,836,431
Many assume that properties are available when they see them online.
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Debe Maxwell, CRS
Charlotte, NC
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Kathleen Daniels, Prob...
San Jose, CA
911,338
Some people are just stupid.
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Debe Maxwell, CRS
Charlotte, NC
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Kathleen Daniels, Prob...
San Jose, CA
3,071,489
Luckily we have not encountered this issue...yet.
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Kathleen Daniels, Prob...
San Jose, CA
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Lyn Sims
Schaumburg, IL
2,781,273
Like anything of value it has to be verified by a credible source (s)
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Debe Maxwell, CRS
Charlotte, NC
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Kathleen Daniels, Prob...
San Jose, CA
2,250
That they really are just a way for agents to advertise and generate leads from.
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Debe Maxwell, CRS
Charlotte, NC
2,450
3,383,334
I think people believe what they want to believe. Buyers want to believe there are more homes for sale than there actually are in low inventory markets. Sellers want to believe their home is worth as much as possible. Like moths to a flame, they are drawn into these sites that feed their desired reality.
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Debe Maxwell, CRS
Charlotte, NC
5,217,268
They are not all the same regarding accuracy!
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Kathleen Daniels, Prob...
San Jose, CA
2,182,552
4,319,419
Kathleen Daniels - I discuss this with my buyers at our first meeting - and request them to stay away from Zillow - or at least do not trust Zillow!
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Kathleen Daniels, Prob...
San Jose, CA
1,311,397
What’s not to understand? They are timely, accurate and true. Right?
…and I have some ocean front land for sale to you at a bargain.
3,986,258
644,135
4,434,127
5,772,575
Kathleen,
Perhaps it has to do with the generalized public perception of real estate agents, and Zillow et al appear as white knights with more info than an agent could give them. A