Peter Mohylsky, South Walton, Let me help you find your path to the beach.  (PrimeSouth Properties)

Spam prevention
Rainmaker
1,309,176
Carol Williams
Although I'm retired, I love sharing my knowledge and learning from other real estate industry professionals. - Wenatchee, WA
Retired Agent / Broker / Property Manager

I have checked the Z value on my property. It's laughable. Way over valued. I have no interest in selling but if they would buy it from me for that value, I would sell. 

Jul 19, 2019 07:18 AM
Rainmaker
1,230,086
Ryan Huggins - Thousand Oaks, CA
https://HugginsHomes.com - Thousand Oaks, CA
Residential Real Estate and Investment Properties

Most definitely!  It is good to know what the uninformed masses are going to see.  I hear enough "oh but zillow says it's only worth X" that it's good to know ahead of time.  It won't influence anything.  Right now I have a listing that's about 100k off of the zestimate, because the prior sale that it's basing the price on was a bank foreclosure sale.  So yes, I'm ready to have those discussions, should they come up.

Jul 19, 2019 08:18 AM
Rainmaker
405,606
Dan Pittsenbarger
Keller Williams Western Realty - Bellingham, WA
Improving Conditions

Sure. It's good to know what the Zestimate is on a prospective listing so one can be prepared to handle the objection/consideration about it. Especially if it's way too high.

Jul 19, 2019 07:21 AM
Rainmaker
4,404,096
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Peter,

Good idea to check, then you know where those silly numbers are coming from. A

Jul 19, 2019 07:16 AM
Ambassador
4,165,522
Bob Crane
Woodland Management Service / Woodland Real Estate, Keller Williams Fox Cities - Stevens Point, WI
Forestland Experts! 715-204-9671

Should check to see what the client is seeing and be ready do defend why your numbers are more accurate.

Jul 19, 2019 10:42 AM
Rainmaker
1,527,045
Lyn Sims
RE/MAX Suburban - Schaumburg, IL
Schaumburg IL Real Estate

Yes of course. They cannot help but be curious but correct .... that is the point. I had one seller tell me 20K more than what other houses sold for because of Z. I told her that I didn't care what it said, that it had never even been in a house in the neighborhood.

Jul 19, 2019 10:03 AM
Ambassador
1,631,443
Joe Pryor
The Virtual Real Estate Team - Oklahoma City, OK
REALTOR® - Oklahoma Investment Properties

In the grand scheme of things I think agents worry about it too much.

Jul 19, 2019 09:49 AM
Ambassador
3,966,893
Jeff Dowler, CRS
Solutions Real Estate - Carlsbad, CA
The Southern California Relocation Dude

I always check so I am prepared - you know sellers are looking, and buyers, too. Redfin, too.

Jul 19, 2019 09:38 AM
Ambassador
2,859,382
Tammy Lankford,
Lane Realty Eatonton, GA Lake Sinclair, Milledgeville, 706-485-9668 - Eatonton, GA
Broker GA Lake Sinclair/Eatonton/Milledgeville

eh, I look, but I give it zero credibility.  It's wrong 90% of the time by more than 25% in my market.

Jul 19, 2019 08:56 AM
Rainmaker
760,545
Doug Dawes
Keller Williams Realty - Topsfield, MA - Georgetown, MA
Your Personal Realtor®

Yes, I do and for the reason you have stated

Jul 19, 2019 08:52 AM
Rainmaker
2,975,754
Richard Weeks
Dallas, TX
REALTOR®, Broker

Would be a waste of my time.

Jul 19, 2019 08:47 AM
Rainmaker
2,782,335
Kathleen Daniels
KD Realty - 408.972.1822 - San Jose, CA
San Jose Homes for Sale-Probate & Trust Specialist

I do not.  If someone mentions it I educate them on the truth about Z - estimates. 

Jul 19, 2019 07:56 AM
Rainmaker
697,192
Candice A. Donofrio
Next Wave RE Investments LLC Bullhead City AZ Commercial RE Broker - Fort Mohave, AZ
928-201-4BHC (4242) call/text

Wellp. Zillow no longer says I have a pool. (I've never had a pool)
HOWEVER they show my 3/2/2 as a 2/2/2.

And it's undervalued by about 20%. Figures since they think it's a 2.
Dumbasses.

Jul 19, 2019 07:43 AM
Rainmaker
3,056,483
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Only when getting ready to go on a listing appointment to see just how far off their estimate is. But I also check the AVM's from others besides Zillow.

Jul 19, 2019 07:22 AM
Rainmaker
996,169
Kevin J. May
Florida Supreme Realty - Hobe Sound, FL
Serving the Treasure & Paradise Coasts of Florida

Can't remember a time when being less informed was an advantage. I'm not saying they're accurate, only that knowing AVM estimates have come in handy many times since their inception.

Jul 19, 2019 10:10 AM
Rainmaker
1,827,077
Michael J. Perry
KW Elite - Lancaster, PA
Lancaster, PA Relo Specialist

I always check before a Listing Appointment because the Sellers have done so and Buyers will too

Jul 19, 2019 09:55 AM
Rainmaker
756,046
Annette Lawrence , Palm Harbor, FL 727-420-4041
ReMax Realtec Group - Palm Harbor, FL
Making FLORIDA Real Estate EZ

I want to know the number that is in the consumers brain. Consumers ARE turning to the recognized 'Voice of Real Estate' for information. To not know what Zdevil is feeding them is to be the ostrich.

Jul 19, 2019 08:54 AM
Rainmaker
1,006,705
Sam Shueh
(408) 425-1601 - San Jose, CA
mba, cdpe, reopro, pe

Aside from monthly eMail. I can not disagree they are far off.

Jul 19, 2019 08:45 AM
Rainmaker
437,739
Greg Large
ERA Real Solutions - Grove City, OH
A Tradition of Trust

I do not, there value is meaningless to me. One less click from me to claim they are the most visited site.

Jul 19, 2019 08:44 AM
Rainmaker
3,304,379
Michael Jacobs
Pasadena, CA
Los Angeles Pasadena 818.516.4393

Often information provides context. 

Jul 19, 2019 07:59 AM
Rainmaker
1,054,248
Anthony Acosta - ALLATLANTACONDOS.COM
Harry Norman, REALTORS® - Atlanta, GA
Associate Broker

I don't 

Jul 19, 2019 05:32 PM
Rainmaker
1,519,724
Evelina Tsigelnitskaya
SIB Realty - Sunny Isles Beach, FL
www.SIBRealty.org 305-931-6931

No, I did not check. 

Jul 19, 2019 02:34 PM
Rainmaker
731,920
Olga Simoncelli
Veritas Prime, LLC dba Veritas Prime Real Estate - New Fairfield, CT
CONSULTANT, Real Estate Services & Risk Management

Yes, it's good to check exactly because the customers are looking at it; need to know how to refute it.

Jul 19, 2019 11:26 AM
Rainmaker
4,952,969
Barbara Todaro
RE/MAX Executive Realty - Franklin, MA
Marketing Agent for The Todaro Team

I think they do, just to be aware of the number in case it's mentioned at a listing presentation.... they just signed up two more.... they have their listing presentation down to a science.

Jul 19, 2019 11:15 AM
Rainmaker
1,009,045
Corinne Guest
Corinne Guest, REALTOR® | Barrington Realty Company - Barrington, IL
Barrington Lifestyles

i have quite often. As a general guide here in the midwest it's not bad with it's numbers. And we cannot blame consumers, they wanted the data Z provided it. Crude or not, everyone else followed. Consumers want it!

Jul 19, 2019 10:44 AM
Ambassador
3,279,216
Debe Maxwell, CRS
www.iCharlotteHomes.com | The Maxwell House Group | RE/MAX Executive | (704) 491-3310 - Charlotte, NC
Charlotte Homes for Sale - Charlotte Neighborhoods

Always - we are going to face someone, whether is be the seller or a buyer (or multiple buyers) who attempt to use that number against us. We need to be prepared to respond to their pseudo value.

Jul 19, 2019 10:14 AM
Rainmaker
2,445,601
Richie Alan Naggar
people first...then business Ran Right Realty - Riverside, CA
agent & author

absolutely check z for values....All sources are relevant

Jul 19, 2019 08:27 AM
Ambassador
2,977,442
Margaret Rome, Baltimore Maryland
HomeRome Realty 410-530-2400 - Pikesville, MD
Sell Your Home With Margaret Rome

Sure I check...because the consumers are there. I want to "know" what the consumers "know". 

Jul 19, 2019 09:26 PM
Rainmaker
213,624
John Van Hogen
Keller Williams Realty Professionals - Hillsboro, OR
Serving Sellers / Buyers / Investors 503-680-9390

Always have a conversation with clients about the real estate sites they frequent and how they view that informatio.  Typically have multiple AVM's ready for a listing appointments to review if needed during the presentation.

Jul 19, 2019 03:09 PM
Rainmaker
3,239,677
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Yes, checked it once and said I would sell at that price if a sucker surfaced!

Jul 19, 2019 02:21 PM
Rainmaker
1,536,310
Sandy Padula and Norm Padula, JD, GRI
HomeSmart Realty West & Geneva Financial, Llc. - Carlsbad, CA
Presence, Persistence & Perseverance

The Z-estimate continues to be erroneous, so it seems the folks desiring good, usable information allow us to provide them with valuations

Jul 19, 2019 02:12 PM
Rainer
230,541
Caroline Gerardo
CMG Financial - Newport Beach, CA
C. G. Barbeau the Loan Lady nmls 324982

It might be good to know wjhat the enemy is thinking but I don't give them the clicks

Jul 19, 2019 12:57 PM
Rainmaker
5,345,885
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

Yes

Jul 19, 2019 11:40 AM
Rainmaker
457,905
Diana Dahlberg
1 Month Realty - Pleasant Prairie, WI
Real Estate in Kenosha, WI since 1994 262-308-3563

It is very rare that I compare Z to my market analysis.  When I have they are almost always off the mark.  When the conversation gets brought up by the seller I am quick to share my opinion and use my thorough market analysius to prove my professional opinion again the Z!

Jul 19, 2019 11:27 AM
Rainmaker
4,064,568
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Yes I do, because my buyers and sellers do too.

Aug 06, 2019 08:26 AM
Rainmaker
3,139,377
Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

Have tro explain to clients how the z company does not know condition of their home.

 

Jul 21, 2019 11:42 AM
Rainmaker
1,594,135
Bob "RealMan" Timm
Ward County Notary Services - Minot, ND
Owner of Ward Co. Notary Services, retired Realtor

NEVER Peter Mohylsky, SoWal Is HOME. I often forget they exist but then I get reminded here on AR.

Jul 20, 2019 06:40 PM
Rainmaker
672,195
John Juarez
The Medford Real Estate Team - Fremont, CA
ePRO, SRES, GRI, PMN

I do check Z out of curiosity. I check other on-line estimates, also. There is often a substantial spread among their guesses.

Jul 20, 2019 04:34 PM
Ambassador
1,970,076
Silvia Dukes PA, Broker Associate, CRS, CIPS, SRES
Tropic Shores Realty - Ich spreche Deutsch! - Spring Hill, FL
Florida Waterfront and Country Club Living

Sometimes I do as an afterthought on my way to a listing appointment.. I figure I need to know what my sellers are looking at.

Jul 20, 2019 08:50 AM
Rainmaker
1,075,500
Gary Frimann, CRS, GRI
Eagle Ridge Realty / Signature Homes & Estates - Gilroy, CA
REALTOR and Broker

Sadly, that number is what buyers look at, as well as sellers.  The number is usually way off.  Just another obstacle to overcome.

Jul 20, 2019 06:56 AM
Rainmaker
619,207
Carla Freund
Keller Williams Preferred Realty - Raleigh, NC
Raleigh - Cary Triangle Real Estate 919-602-8489

I have but, not on a regular basis. Most of the time it is irrelevant. However, there are times it is good to know what people are looking at so you're prepared to reply to comments when it is different that your listing.

Jul 20, 2019 04:53 AM
Rainmaker
1,427,323
Kat Palmiotti
Grand Lux Realty, Monroe NY, 914-419-0270, kat@thehousekat.com - Monroe, NY
The House Kat

Yes. Most buyers and sellers look for the Z estimates and we need to be able to let them know if the number is off. I've definitely checked. 

Jul 20, 2019 03:22 AM