Cool Tool: Zillow, on the Fly

by Alex Stenback on August 10, 2006

Zillow_mobile
This is probably old news, (since we’ve been on our unofficial-official summer hiatus, and haven’t kept up with our reading) but Zillow.com is now providing home price estimates via sms/text messaging.

How to: Just text the property address to z@labs.zillow.com and (lickety split) the estimated price bounces right back.

For those not familiar, Zillow is the web based real estate doodad that aggregates all publicly available data on a property to produce a sort of super-automated home price estimator.  Awesome concept, though accuracy is still spotty, so your mileage will vary.
Zillow Mobile [zillow.com/labs]
via Paul Kedrosky’s Infectious Greed [paul.kedrosky.com]

{ 3 comments… read them below or add one }

Todd Jayes August 10, 2006 at 4:37 pm

I’m not sure about the value of this tool. I just looked up my own property to see what information it takes into account. It doesn’t even show how many bedrooms we have! And it’s WAY off on pricing.

It’s this sort of thing that makes me worry when I see consumers without agents trying to guess about home values and making decisions based on faulty information. Only a hands-on agent has access to all the tools, people, and records to get a good feel for a property’s true value.

Mark Schwartz May 8, 2007 at 7:42 pm

I have found Zillow to have a lot of valuation errors (typically low) so be wary of using their numbers. They rely on tax records which are often outdated. For example, we added 680 sqft onto our house 4 years ago, and Zillow valued our house minus the addition.

Mark Schwartz May 8, 2007 at 7:49 pm

I have found Zillow to have a lot of valuation errors (typically low) so be wary of using their numbers. They rely on tax records which are often outdated. For example, we added 680 sqft onto our house 4 years ago, and Zillow valued our house minus the addition.

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