Jeffbernard
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16 years ago @ InsideRealEstateNews.com - Forbes writing another... · 0 replies · +1 points
Zillow.com or Cyberhomes.com can only collect certain data with limited data points. For example: If there is a cash concession exchanged in a real estate transaction on a home sale in metro Denver, Metrolist, Inc. requires accurate reporting of any concession. However, that data point will often not be accurately reflected in other places, such as county records. Additionally, when doing a valuation of a home, Zillow.com often fails to account for additions or major remodeling of homes. This occurs when a homeowner fails to acquire county building permits before improving a home. These are only a few examples of many complex issues that need to be researched before arriving at date worthy of publication.
These websites are worth viewing to obtain a broad-spectrum view of the market, but not reliable resources for factual, analytic information.
I doubt Forbes would consult LegalZoom.com for advice on issues surrounding, say, an alleged Goldman Sachs banking violation.
16 years ago @ InsideRealEstateNews.com - Risk retention threate... · 0 replies · +1 points