{"id":2875,"date":"2008-04-01T17:37:46","date_gmt":"2008-04-02T00:37:46","guid":{"rendered":"http:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/?p=2875"},"modified":"2008-04-01T17:40:14","modified_gmt":"2008-04-02T00:40:14","slug":"automated-valuation-models-my-new-favorite","status":"publish","type":"post","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/2875\/automated-valuation-models-my-new-favorite\/","title":{"rendered":"Automated Valuation Models &#8211; My New Favorite"},"content":{"rendered":"<p>The quest for automated valuation is a thirst unquenched, a fire that cannot be extinguished and seeming itch that cannot be scratched. Man is forever curious about the worth of an asset. Whether it is one&#8217;s home or one&#8217;s home on the web, curiosity slays its share of felines and we all have satisfied our secret urge to automatically valuate a time or two.<\/p>\n<p>Did I mention that this Automated Valuation Model is for websites? (grin). Someone at REW pointed it out to me in their blog&#8230;<a href=\"http:\/\/directory.sootle.com\/website-worth\/\">here&#8217;s the link to it<\/a>.<\/p>\n<p>OK, ready for some fun? I took a look at some interesting sites to see their automated valuation as of today.<\/p>\n<p>EriconSearch.com &#8211; My SEO blog   VALUATION: $135,000 and change. Huh? (Think maybe the <a href=\"http:\/\/www.ericonsearch.com\/greatest-real-estate-agent-in-the-world-your-name-here\/\">Greatest Real Estate Agent in the World<\/a> contest skewed things a bit?) Methinks that is the case. I am officially willing to sell! <\/p>\n<p>HomesinLouisville.com &#8211;  Our brokerage Real Estate site&#8230; VALUATION $64,000 and change. Huh? Not on your life! This site is worth MULTIPLES of that! It generated many multiples of that in commission last year alone.<\/p>\n<p>BloodhoundRealty.com &#8211; $553,807! Way to go, Greg.<\/p>\n<p>TheBrickRanch.com &#8211; $71,307! Whaddya say, Teri? Deal or No Deal<\/p>\n<p>Sean&#8211; is $10,500 and change fair for a website that POPS??<\/p>\n<p>NOW FOR THE FUN ONE: <\/p>\n<p><img src='http:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-content\/uploads\/2008\/04\/rcom.gif' alt='REALTOR.com Valued at 5.7MM' \/><\/p>\n<p>SO THAT&#8217;S IT PEOPLE I AM PASSING THE PLATE. Let&#8217;s take up a collection and buy REALTOR.com out once and for all!<\/p>\n<p>By the way, if you are laughing at the ridiculous automated valuations of your website right now, or maybe you are angry, or maybe you just think it is stupid. What do you think homeowners are doing when they look at AVMs like ZIllow et al?  <\/p>\n<p>The REAL Valuation of a REAL Valuation&#8211; Priceless.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The quest for automated valuation is a thirst unquenched, a fire that cannot be extinguished and seeming itch that cannot be scratched. Man is forever curious about the worth of an asset. Whether it is one&#8217;s home or one&#8217;s home on the web, curiosity slays its share of felines and we all have satisfied our [&hellip;]<\/p>\n","protected":false},"author":28,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_crdt_document":"","jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[13,24,10],"tags":[],"class_list":{"0":"post-2875","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"hentry","6":"category-casual-friday","7":"category-egoism-in-action","8":"category-realty-reality","10":"no-featured-image"},"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":635,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/635\/avid-avm-aversion-extends-only-to-zillowcom-ncrc-off-shoot-starts-competing-on-line-valuation-service\/","url_meta":{"origin":2875,"position":0},"title":"Avid AVM aversion extends only to Zillow.com: NCRC off-shoot starts competing on-line valuation service . . .","author":"Greg Swann","date":"November 13, 2006","format":false,"excerpt":"Curiouser and curiouser. Could it be that NCRC's motive is not to shake-down Zillow.com but to sully its reputation, in advance of going into competition against it? From InmanNews (fingered by Jim Duncan of Real Central VA):Zillow officials say their valuations should also be seen as a starting point for\u2026","rel":"","context":"In &quot;Blogging&quot;","block_context":{"text":"Blogging","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/blogging\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":1565,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/1565\/zillowcom-off-the-hook-in-arizona-state-rethinks-crackdown-on-online-home-appraisals\/","url_meta":{"origin":2875,"position":1},"title":"Zillow.com off the hook in Arizona?: &#8220;State rethinks crackdown on online home appraisals&#8221;","author":"Greg Swann","date":"June 22, 2007","format":false,"excerpt":"This is me in the Arizona Republic (permanent link). State rethinks crackdown on online home appraisals The move by the Arizona Board of Appraisal and Attorney General Terry Goddard to prosecute Zillow.com, and potentially other Internet-based home valuation services, may be at an end. Last June and November, the board\u2026","rel":"","context":"In &quot;Disintermediation&quot;","block_context":{"text":"Disintermediation","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/disintermediation\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":211,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/211\/what-good-is-zillowcom\/","url_meta":{"origin":2875,"position":2},"title":"What good is Zillow.com?","author":"Greg Swann","date":"August 14, 2006","format":false,"excerpt":"This, possibly, which is just as useful and just as suspect as Dr. Jay Butler's undocumented statistics. We arrive at the level of actuarial science, at best, which is what an automated valuation method is. An actuary can tell you the anticipated death rate of a specific sub-population. He cannot\u2026","rel":"","context":"In &quot;Disintermediation&quot;","block_context":{"text":"Disintermediation","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/disintermediation\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":1338,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/1338\/zillowcom-dodges-bullet-in-arizona-amendment-would-permit-consumer-oriented-automated-valuation-models-to-operate-without-regulatory-oversight\/","url_meta":{"origin":2875,"position":3},"title":"Zillow.com dodges bullet in Arizona: Amendment would permit consumer-oriented automated valuation models to operate without regulatory oversight","author":"Greg Swann","date":"April 23, 2007","format":false,"excerpt":"From a press release from the office of Representative Michele Reagan:Arizona homeowners can still access their \"zestimates\" with the preliminary approval Monday of a bill that bars the Arizona Board of Appraisal from torpedoing online businesses that provide property value estimates. An amendment sponsored by Rep. Michele Reagan to SB1291\u2026","rel":"","context":"In &quot;Disintermediation&quot;","block_context":{"text":"Disintermediation","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/disintermediation\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":1324,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/1324\/zillow-notes-fear-and-ludditism-advertsing-a-better-farming-strategy-and-more\/","url_meta":{"origin":2875,"position":4},"title":"Zillow.com notes: Fear and Ludditism, advertising, a better farming strategy and more","author":"Greg Swann","date":"April 20, 2007","format":false,"excerpt":"Zillow notes: Jay Thompson, The Phoenix Real Estate Guy asks \"Why do so many agents fear Zillow?\" He makes the same point in a BusinessWeek article on the Seattle-based Realty.bot. Brian Brady, America's Most Opinionated Mortgage Broker and a BloodhoundBlog contributor, covers some of the same ground: \"Is your Realtor\u2026","rel":"","context":"In &quot;Blogging&quot;","block_context":{"text":"Blogging","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/blogging\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":1344,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/1344\/amended-arizona-appraisal-bill-fails-to-pass\/","url_meta":{"origin":2875,"position":5},"title":"Arizona appraisal bill, amended to permit AVMs such as Zillow.com to operate in state, fails to pass","author":"Greg Swann","date":"April 25, 2007","format":false,"excerpt":"Arizona SB 1291 failed to pass Tuesday afternoon in the Arizona House. The bill would have required a two-thirds majority and passed by less than that. I'll post further when I know more. Further notice: Here's what it all means: To have passed, the bill would have had to have\u2026","rel":"","context":"In &quot;Disintermediation&quot;","block_context":{"text":"Disintermediation","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/disintermediation\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/posts\/2875","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/users\/28"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/comments?post=2875"}],"version-history":[{"count":0,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/posts\/2875\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/media?parent=2875"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/categories?post=2875"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/tags?post=2875"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}