Looking Out From the Garage

Z is for...

Z06 Corvette, Nissan 240Z, Z28 (1LE!), Zamboni, Zagato, Zonda, some other fabulous car beginning with Z....

No.  

Zillow.  I mean really, this is a real estate blog.  How could I go through the alphabet and not hit Zillow for Z?  If you don't know what Zillow is, go ahead and Google it... we'll wait...

Got it, ok.  

There is a whole language that has sprung up around Zillow.  The valuations that they provide are called Zestimates.  But, most interesting is the use of the word zillow and zestimate as verbs... comically.

Zestimate:  to provide a wildly inaccurate valuation.  "The zestimates for the neighborhood were all over the map, with some being $20,000 high, and others being $50,000 too low."

Zillow: to price a house too low.  "That poor guy got zillowed when he sold the house for $400,000.  The buyer sold it a year later for $500,000."

Truthfully, I can't speak to the accuracy of the valuations from Zillow.  They don't seem to have much data here in the sticks of Atlanta.  I will say that the  house next door to me sold for $10,000 above the Zestimate in just a couple of days on the market this summer. 

Lane... what's the point?

The point is that the internet is a wonderful tool.  There are great websites that can be used to find all sorts of information.  Information is a tool.  Craftsmen (and Craftswomen) are the ones that know how to use the tools.  Just because someone can buy a TIG welder doesn't mean that they are a TIG Weldor (despite Mozilla giving me a spelling error, a Weldor is a person that welds... according to the welder manufacturers).

So ends my A-Z journey.  It's been fun, and I might take it on again with slightly different focus.  Now I can get to the list of 15 posts or so that I have thought up while writing these... 

Find YOUR Dream HomeWhat's YOUR Home Worth?How's the Market?

Unless otherwise noted, all content of this blog is the property of Lane Bailey, ©2012 Lane Bailey. 

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12 commentsLane Bailey - REALTOR & Car Guy • September 17 2007 10:20PM