It's interesting that eppraisal.com - the latest home valuation tool - has so far garnered very little popular attention, either from the traditional media or from the blog world. I wonder if that's because eppraisals claims are less bloated, and in my opinion more plausible and realistic than those of Zillow - which is exactly what has caused many of us to bitch about Zillow to no end- but no one's bitching about eppraisal, because their claims are more plausible, so there's not much to bitch about, and maybe they're a little bit invisible because of it. Meanwhile, Zillow continues to press the 'there is no such thing as bad press' advantage, and now with a big assist from the National Community Reinvestment Coalition (NCRC) and their filing of a complaint against Zillow with the Federal Trade Commission.
Prior to this complaint, I was beginning to sense that Zillow, with all their brouha and bloated claims, had in an ironic twist lowered the bar of expectation to such a point that it was contributing to an increasingly frivolous regard for Zillow by reasonably informed people. And now this complaint, and whether or not you agree with the validity of it, I hope we can agree that it would be a good thing for Zillow and for the people who use Zillow, if Zillow, very simply and prominently and consistently displayed accurate information about the limitations of Zillow and Zestimates. But then we'd have nothing to bitch about.
For more on my beef with Zillow, see - Your edge in Real Estate? and seller gets zillowed and new ways to value your home, and your neighbors