Not sure if this is the real deal or a “bot” out looking for Zillow comments on blogs (probably the latter), but just thought I would post it here. I posted a blog entry on Zillow and it’s accuracy and use in our industry a few days ago and it was quickly commented on supposedly by Zillow’s COO Spencer Rascoff adding validity from the horses mouth as it were to my post:

Spencer Rascoff, COO of Zillow here. Thanks for the post.

There’s no doubt that Realtors are in a better position than a computer algorithm to value a client’s home. Our valuations are good — the best on the Internet, we believe — but it’s no substitute for a good Realtor, nor is is meant to be.

As Realtors we would be unprepared to arrive at a listing appointment with out checking out the home’s “zestimate”!  Why? Because in most cases the home owner is absolutely confident that their home is worth what Zillow says it’s worth - After all it’s Zillow!

Well, not so much… (more…)