I saw Zillow.com mentioned on this site. Being an owner of housevalues (even through the recent drop) I panicked a little bit. Zillow.com is a great idea, but what it doesnt have is credibility. I just have a small sample of data that you guys can check out.#1 - It doesnt have the house I bought for 217,000 - 1227 Welch St, 77006#2 - It doesnt have the correct price for the house my parents sold - it is about $100,000 off on the sale price of 89 Sunrise Hill, Norwalk CT - the house was sold March 2, 2005. #3 - It overvalues my bosses house by about 40 grand. #4 - Everyone else in my office that tried the site said it was off. If individuals dont trust the numbers, then how can the site kill Housevalues. Housevalues has a lot of exposure in Texas. The Houston market is hot right now while all of the others are cooling. My boss listed his house 3 days ago, had 7 or 8 people look at it and 1 offer on it (above what he expects to make). I anticipate that SOLD is doing an AAPL and underpromising in order to overperform. What do you think?
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