Zillow doesn’t provide estimates and no lender would base a financing decision on a Zillow number (just as no reasonable investor would make a final decision based on Zillow.) Zillow is a too - a useful one sometimes - but is not an authoritative source.
Arizona tells ZILLOW to cease & desist - Posted by David Krulac
Posted by David Krulac on April 16, 2007 at 18:42:48:
since they are giving appraisals and are not licensed by the state of AZ. to do that.
I don’t know about AZ, but the zestimates here are almost always wrong sometimes grossly wrong and to call them appraisals is like calling Don Imus a spokesperson for all people of color.
Re: Arizona tells ZILLOW to cease & desist - Posted by Mark (SDCA)
Posted by Mark (SDCA) on April 16, 2007 at 20:09:56:
THis isnt gonna last long. Ever gotten an “appraisal” from your realtor (ie what can I sell my house for)?? They generally arent licensed to do that either.
Re: Arizona tells ZILLOW to cease & desist - Posted by Jennifer-NC
Posted by Jennifer-NC on April 16, 2007 at 19:17:13:
Ha! True.
Seems to me that for them to be called appraisals, some lenders would have to be accepting them as such. I think there’s probably slim chance of that ever happening. However, if someone knows of a lender that excepts Zestimates as an official appraisal, please let me know!