http://www.propertyplex.com/2006/02/zillowcom-obtains-mls-real-estate-license/ News, tips, and information about the global real estate industry Fri, 21 Nov 2008 02:27:59 +0000 http://wordpress.org/?v=2.0.1 http://www.propertyplex.com/2006/02/zillowcom-obtains-mls-real-estate-license/#comment-2 Fri, 24 Feb 2006 19:30:40 +0000 http://www.propertyplex.com/2006/02/zillowcom-obtains-mls-real-estate-license/#comment-2 This system does not have the ability to accurately define value in any given property, without knowledge of its physical condition, upgrades, appearance, or other factors that will often affect a buyer's attention, either positively or emotionally. The only logical approach to pricing a home is to find a range of prices of similar homes and then select an asking price that will draw attention to it depending on how many other similar homes are competing on the market at the time and how active the market is. This system does not have the ability to accurately define value in any given property, without knowledge of its physical condition, upgrades, appearance,
or other factors that will often affect a buyer’s attention, either positively or emotionally. The only logical approach to pricing a home is to find a range of prices of similar homes and then select an asking price that will draw attention to it depending on how many other similar homes are competing on the market at the time and how active the market is.

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