OT Zillow buying homes

Welcome to our community

Be a part of something great, join today!

Register Log in
Total theft-by-deception on homeowners, most likely conceived a few years ago by Warren Buffett personally. Zillow has been throwing out their their silly and highly inaccurate "Zestimates" for awhile now to train the public into accepting them as instant appraisals and now wants to steal homes from ignorant sellers based on the false values claimed in their Zestimates. It's an obvious con game and likely violates many states' Real Estate laws, but that's how Buffett became a billionaire in the first place. Ever since he went full bore with Berkeshire Hathaway, Realtors have been waiting to see what scam he was cooking up and now we know. It appears he wishes to become America's landlord through theft. He is a stain on humanity.
 
MARIS61 said:
Total theft-by-deception on homeowners, most likely conceived a few years ago by Warren Buffett personally. Zillow has been throwing out their their silly and highly inaccurate "Zestimates" for awhile now to train the public into accepting them as instant appraisals and now wants to steal homes from ignorant sellers based on the false values claimed in their Zestimates. It's an obvious con game and likely violates many states' Real Estate laws, but that's how Buffett became a billionaire in the first place. Ever since he went full bore with Berkeshire Hathaway, Realtors have been waiting to see what scam he was cooking up and now we know. It appears he wishes to become America's landlord through theft. He is a stain on humanity.
Click to expand...
Right! I'd sell my place for 500 today. I'm thinking I should submit my address for their "offers" and then sue when it doesn't come close to their Zestimate.

Of course there's all kinds of legal mumbo jumbo they'll point to.
 
MARIS61 said:
Total theft-by-deception on homeowners, most likely conceived a few years ago by Warren Buffett personally. Zillow has been throwing out their their silly and highly inaccurate "Zestimates" for awhile now to train the public into accepting them as instant appraisals and now wants to steal homes from ignorant sellers based on the false values claimed in their Zestimates. It's an obvious con game and likely violates many states' Real Estate laws, but that's how Buffett became a billionaire in the first place. Ever since he went full bore with Berkeshire Hathaway, Realtors have been waiting to see what scam he was cooking up and now we know. It appears he wishes to become America's landlord through theft. He is a stain on humanity.
Click to expand...

...fairly certain Warren Buffett has nothing to do with Zillow :dunno:
 
SlyPokerDog said:
Zillow and Hillary both have ill in them.
Click to expand...

So those stories about Clinton being near death were true. I knew it!

I'm guessing she was near death because she was crushed by a house, like the wicked witch she is?

barfo
 
MARIS61 said:
Read the OP’s link.

Then post.
Click to expand...

It says they'll be using Berkshire and Coldwell. As real estate agents, since that's what those companies offer.

Do you not understand how the real estate business works?

Seems like you'd be happy they aren't cutting realtors out of the process.

barfo
 
MARIS61 said:
Read the OP’s link.

Then post.
Click to expand...

I did. Not sure how the following equates to Warren Buffet personally cooking up deceptive theft schemes using Zillow.com as a conduit? :dunno:

Zillow will also partner with three brokerages locally in Phoenix and Las Vegas: West USA (Phoenix), Berkshire Hathaway HomeServices Arizona & Nevada Properties (Phoenix and Las Vegas), and Coldwell Banker Premier Realty (Las Vegas). The partnerships will provide the brokerage companies with the ability to create new seller lead opportunities for their agents.
Click to expand...
 
MARIS61 said:
Total theft-by-deception on homeowners, most likely conceived a few years ago by Warren Buffett personally. Zillow has been throwing out their their silly and highly inaccurate "Zestimates" for awhile now to train the public into accepting them as instant appraisals and now wants to steal homes from ignorant sellers based on the false values claimed in their Zestimates. It's an obvious con game and likely violates many states' Real Estate laws, but that's how Buffett became a billionaire in the first place. Ever since he went full bore with Berkeshire Hathaway, Realtors have been waiting to see what scam he was cooking up and now we know. It appears he wishes to become America's landlord through theft. He is a stain on humanity.
Click to expand...

This might be a concern if lenders didn't actually require a real appraisal before a purchase is finalized instead of a zestimate. If you are buying with cash and you use zillow estimates instead of a licensed appraisal service then you deserve what you get. Also their "highly inaccurate" zestimates are just their algorithms trying to determine every house out there based on generic market factors, to get an accurate estimate you need someone who will look at your specific situation. But your a realtor so you know this......... right?
 
donkiez said:
This might be a concern if lenders didn't actually require a real appraisal before a purchase is finalized instead of a zestimate. If you are buying with cash and you use zillow estimates instead of a licensed appraisal service then you deserve what you get. Also their "highly inaccurate" zestimates are just their algorithms trying to determine every house out there based on generic market factors, to get an accurate estimate you need someone who will look at your specific situation. But your a realtor so you know this......... right?
Click to expand...

I suspect that real estate deals in LaPine must look something like this:

Patty Sue hereby gives Jim Bob 2 head of cattle, free of ringworms, for his dearly departed mother's shack in the hollow down by Bear Creek.

___X___ ____X___
Jim Bob Patty Sue

barfo
 
donkiez said:
This might be a concern if lenders didn't actually require a real appraisal before a purchase is finalized instead of a zestimate. If you are buying with cash and you use zillow estimates instead of a licensed appraisal service then you deserve what you get. Also their "highly inaccurate" zestimates are just their algorithms trying to determine every house out there based on generic market factors, to get an accurate estimate you need someone who will look at your specific situation. But your a realtor so you know this......... right?
Click to expand...
Who's in charge of the algorithm? Mine went down another thousand bucks since I started the thread. In a matket that had been up up up

I know the Zestimate has always been bullshit BUT buyers are influenced by it. If a huge player starts rigging their own system then what?

And who has any oversight over them?
 
Ha, they're on to me. Just went to take a screenshot and it went back up 2000. This stuff needs regulated is all I'm saying.
 
bodyman5000 and 1 said:
Who's in charge of the algorithm? Mine went down another thousand bucks since I started the thread. In a matket that had been up up up

I know the Zestimate has always been bullshit BUT buyers are influenced by it. If a huge player starts rigging their own system then what?

And who has any oversight over them?
Click to expand...

dont know and dont really care. I just use them as a tool to get an idea of what to expect. When I refied my house my lender told me that zillow is about a year behind. We had to get our property appraised for our refi, it came in at $50k more than zillow, one year later zillow was where our appraisal was. So it seemed to work out.
 
barfo said:
I suspect that real estate deals in LaPine must look something like this:

Patty Sue hereby gives Jim Bob 2 head of cattle, free of ringworms, for his dearly departed mother's shack in the hollow down by Bear Creek.

___X___ ____X___
Jim Bob Patty Sue

barfo
Click to expand...

Whoa! I suppose this is intended to get a giggle from your urbanite city boys, but is does smack of condescending to the aborigine.
 
MarAzul said:
Whoa! I suppose this is intended to get a giggle from your urbanite city boys, but is does smack of condescending to the aborigine.
Click to expand...
Well, you could do a city one as a reply.

William and Patrick (not that there is anything wrong with that) sublease this 400 square foot apt over Starbucks (the one on the NW corner of the block, not SE) to crankyG and her cats (haha) for a sum of 4,500 dollars per month.

You get the idea....
 
Just refinanced the house 18 months ago and just now looked at Zillow......their estimate is about $90,000 low then BEFORE we remodeled. So it is WAY off on us.
 
bodyman5000 and 1 said:
Well, you could do a city one as a reply.

William and Patrick (not that there is anything wrong with that) sublease this 400 square foot apt over Starbucks (the one on the NW corner of the block, not SE) to crankyG and her cats (haha) for a sum of 4,500 dollars per month.

You get the idea....
Click to expand...
Nowhere near as funny, sorry. Not much funnier than moonshine makin' hillbillies with "summer" teeth.
 
MarAzul said:
I do, but they would call it nonsense.
Click to expand...

Since I grew up as a backwoods Oregon hillbilly, I feel completely free to poke fun at us. Just cause I got all that fancy book learnin don't mean I can't skin a rabbit.

barfo
 
HCP said:
Nowhere near as funny, sorry. Not much funnier than moonshine makin' hillbillies with "summer" teeth.
Click to expand...

Wow! I live on the hill above Bear Creek, but you lost me with the summer teeth?
 
You must log in or register to reply here.

Similar threads

EL PRESIDENTE
International Real estate - do it yourself????
Replies
3
Views
420
EL PRESIDENTE
EL PRESIDENTE
ABM
The Arizona Uproar
2 3
Replies
81
Views
8K
BrianFromWA
BrianFromWA
Denny Crane
Stocks higher? Famed investor says don't bet on it
Replies
4
Views
586
mook
mook
Shapecity
Genie
Replies
12
Views
690
NBA MAN
NBA MAN
ABM
Deal Of The Week: New Logic In Vulcan Shift
Replies
4
Views
637
ABM
ABM

Users who are viewing this thread

Total: 1 (members: 0, guests: 1)
Back
Top