Thinking
Outside of the Zillow Box
by Brandon Cornett
I've heard a lot of agents discussing Zillow.com lately. My s advice is to
view Zillow.com in the proper perspective.
A Closer Look at Zillow.com
The data Zillow provides is nothing new. The way they interpret and present
the data is new, but the data itself has always been publicly available. Zillow
has just simplified the data acquisition process and created clever phrases like
the "Zestimate," fancy talk for their own best guess.
They say it themselves on their website: "We've done the legwork by getting
huge amounts of data...and creating something unique that the public sources
don't provide - a Zestimate..."
Why I'm Not a Mechanic
Let's imagine there was a website where I could enter a description of car
trouble I was having: engine lags when accelerating, blue smoke comes from
exhaust pipes, etc.
That website might give me a rough idea of what the problem is. It might even
give me detailed instructions on repairing these potential problems, and an
estimate of how long it might take. But that doesn't make me a mechanic. And it
doesn't make me any more inclined to perform the repairs myself. That's what a
professional mechanic is for.
Sure, I might take this diagnosis to a mechanic and say, "Here's what I think
the problem is." But I'll still need the mechanic's help.
Now consider the fact that houses cost 10, 20, or 30 times more than a car
(Rolls Royce aside), and you'll see my point.
Just because I know how much a house might be worth doesn't mean I'm ready to
write up a contract and steer the sales process myself. That's a big undertaking
that requires professional help.
Zillow is a number cruncher. It can't listen to clients. It can't look out
for their interests and respect their needs. It can't offer them unique advice
for unique situations. And it can't help them adapt to unforeseen challenges.
In short, it's no
replacement for a real estate agent.