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Sunday, April 15, 2007

Arizona tries to ban zillow.com

Apr 15 2007 10:01PM | Permalink |Comments (13) |


Speaking of futile gestures, this article describes how the state of Arizona is trying to ban the website Zillow.com, a great site you should check out. Zillow is a mash-up of Google earth and real estate listings. If you click on a particular house you can see the Microsoft photo database of an angled view of the house and that can be viewed from the four cardinal directions. The house-detail page also shows a price history and you can further compare the history to the county history. The history shows the huge bubble in prices that hit in 2005 and 2006. What has the realtors (registered trademark, as they always remind us) upset is that Zillow estimates the price of homes. The realtors (registered trademark, as they always remind us) say that Zillow needs an appraiser’s license to do this. Now you see the purpose of most government regulation—to favor the big players and discriminate against the small guy, all at your expense. I hope my pals at the Institute for Justice gets a hold of this. My software buddy Dave Mathis insists the entire real estate profession is based on keeping people ignorant. Keeping buyers ignorant about the market, keeping sellers ignorant about the market and keeping both ignorant about the family jewels, the MLS listing. After trying to sell my dear departed mother’s house this last year I can assure you that all the skills and salesmanship of realtors (registered trademark, as they always remind us) is not in selling the house, it is in getting the seller to lower the price. Well, the Internet is all about ending ignorance, so it is no wonder that the Realtors (registered trademark, as they always remind us) hate the Internet and are trying to ban it. They will have about as much luck as the music companies trying to ban file sharing.

Similar lawyer-pig behavior happened when the Texas bar tried to ban Nolo Press websites that help you do legal filings. They said Nolo needed to be a lawyer to do this. What a pack of lies. My pals at Halt got a hold of that one and made Texas back down. Sorry to the people that think they can get the government to pass laws that give them special favors, this stuff will not stand. (BTW, check out the Nolo books on filing your own patents.)

In case you are wondering, the word privilege comes from Latin, privis, meaning private and legis meaning law. Some people want private law that favors them at our expense. This is America, folks, go to Soviet Russia, North Korea or any fascist dictatorship if you want the government to give some people special treatment at the general expense of the population.


Related entries in: Analog | Government/Legal | 


Reader Comments



at 4/16/2007 12:47:20 PM, trr said:
In Soviet Russia, Zillow.com bans Arizona!



at 4/16/2007 1:32:55 PM, Harry said:
Zillow does offer some value, but not always. My home is listed on Zillow but the data they claim they got from the county doesn't match the county's records. Instead of my 3,700 square foot house being on a 1.01 acre lot, Zillow shows it on .01 acre (just for information that is a 3,700 sq. foot home on a lot about 440 sq feet). Zillow was contacted but refuses to fix this obvious error. They claim they have no duty to do so. If I go to sell my house and someone uses Zillow to make an offer it will be off by a whole lot. They should be regulated and at least required to make changes or allow us to post corrections for people to see.



at 4/16/2007 5:13:59 PM, Nick said:
I basically parrott what Harry said. My home is listed on Zillow with a lot smaller aquare footage than it really is, even though my lot size is correct. Being a part-time realtor, I also know that Zillow has very limited usefulness because many homes sell at a reduced price because of their condition, poor layout, etc. Other homes sell for their extremely great utility, layout, features, etc. Since Zillow determines value based upon suare footage and lot size only, errors will inevitably occur. Furthermore, improvements claimed are assumed to increase value on a dollar-for-dollar basis and this is almost always a false assumption. All of this is no problem for knowledgeable people, but the VAST (I emphasize VAST) majority of the public does NOT know how value is realy determined and will almost certainly get the wrong impression of value.



at 4/16/2007 5:24:10 PM, charles said:
I've been in the real estate business for 40 years. Zillow is a helpful tool to me but not the final word. There are so many variables that determine fair market value.
I'd have to charge you a fee to tell you how to determine true value the same way attorneys charge just to talk to anyone.



at 4/16/2007 5:39:30 PM, Rich said:
I have used Zillow and found the houme prices way out of date. I know I would not sell my home based on zillow. I would have it appraised 1st. If you think having a realestate agent is expensive try selling on your own, and you better know the realestate law and are willing to open your house to strangers.



at 4/16/2007 11:40:08 PM, Ian said:
As a UK citizen, I am a little shocked both by the Zillow process and by the comments of Nick and Charles above. I find it a little disturbing that a both a web company and "realtors" all think they can tell people what price to buy or sell at.
The only market determinant for any commodity, including a house, is the price that buyer and seller agree on.
I have bought and sold a few houses in my time and know that open competition and a transparent market is the by far the best way of leaving both buyer and seller happy with the deal. God Help America if it really is the land of the hog-tied.



at 4/17/2007 5:23:04 AM, Dan said:
It's all about market price.
With that being said, Realtors are not licensed appraisers. They offer a market analysis, which should be more in depth than the information Zillow provides. Zillow is a great tool, it provides information from public records, for public use. Neither Realtors or Zillow.com are licensed appraisers, however both should be able to provide market information and present it as they wish. Both buyers and sellers should use every tool at their disposal to arrive at a price for a home.



at 4/17/2007 8:40:53 PM, Marc said:
Dan said it all, Zillow is a great tool



at 4/19/2007 8:08:49 PM, Frank said:
Zillow is a great aid, but obviously not the only source of data. Having more than one place to go for house value data and data of nieghboring properties is very useful. Anyone that thinks that Realtors are always the only and best source for data needs to wake up. Realtors,like any service agent, can be bad or good. My experience is that you really have to work to find a good one and when you do they are great resources.



at 5/23/2007 12:52:11 PM, lou said:
I really apreciate Zillow for providing a great way to browse real estate. As a buyer this is a great tool to become informed. Sorry if that conflicts with the sellers desires (maximum sale price) or the realtors desires (quick buck).

Obviously I am not a seller or realtor.



at 7/25/2007 1:57:27 PM, DGH said:
Why doesn't the government of Arizona learn that banning a web site is not only futile, but it makes them look plain silly. The free market decides. No way around it.



at 8/14/2007 9:57:58 AM, Bill G. said:
Zillow? I thought that was long gone...



at 8/14/2007 10:04:17 AM, Argone said:
No, Zillow is alive and well. It is also a great tool. But it certainly faded from the limelight.

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