patrick.net

So in Miami there are places where 60% are UW and 30+ are deliquent but you dont see that amount of house listed where are they can they keep this forever?

robertoaribas says

so yeah, zillow is completely worthless.

haha, that's funny... it's hardly worthless. It's the best tool that exists on the planet aside from pulling comps yourself.

But I've seen haters of Zillow from both sides of the fence.. those that think Zillow prices are grossly inflated... and those that think they are grossly under-inflated.

Just like the same people who pull comps in Jan-march and say... oh those were just crappy homes.. the comps will be better in a few months.

All anecdotal... atleast Zillow gives you a sense of the market.. even if it is 20-30K plus or minus off.

robertoaribas says

'd call that pretty amazingly bad. NOTHING pisses me off more, than when a buyer uses zillow to base what to write an offer for...

What should a buyer base an offer off of? Your opinion?

Look Zillow could use some improvement for sure. But, the more information you have to make the largest purchase of your life the better.