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Change in AVM Status: Is Your Listing On Trulia?

October 6, 2011  |  by Anne

If the Automated Valuation Model (AVM)  field in Keystone is set to “no” on your listing, you have indicated that you do not want your listing syndicated to any site that offers an automatic appraisal calculation.   Since Trulia recently started testing a new automated valuation feature, ListHub will no longer syndicate listings to Trulia if the AVM is marked as “no.”

Please note that you can change the AVM status in Keystone to “yes” if your seller would like their listing to appear on Trulia.

Posted in Blog, Industry News

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12 responses to “Change in AVM Status: Is Your Listing On Trulia?”

  1. joe Lo Bianco says:

    Automated pricing ignores the features and benefits of a particular home in favor of a calculation based on generalities. In many cases they do my client (buyer or seller) a disservice by establishing a price point that may be irrelative to the actual property

  2. Catherine WHite says:

    Why does this happen on Trulia and not on Zillow, which really has bad info with its zestimates?

  3. MRIS_CMO says:

    Catherine, you're right about Zestimates — they recently touted an improvement in their process that took variance from 30 to 16 to 9 percent, which is still way too high for it to be of value to any of us. Problem is, as we both know, this is not a business that robots can take over any time soon and a smart computer is not all that smart when it comes to real estate valuations. In my view, AVM's are for Wall Street, not Main Street. Thanks for the comment. John

  4. Connie says:

    I never choose AVM. I'll hand-enter my listings then if necessary. An internet auto-valuation is worth what you pay for it – nothing.

  5. MRIS_Kerry says:

    Hi Connie,
    as long as you select "No" for the Automated Valuation Model (AVM) field in Keystone, then your listings will not be sent to sites that offer AVMs. These listings have never been sent to Zillow, and now they are no longer sent to Trulia.
    thanks,
    Kerry

  6. Lucy K. says:

    Automated Valuations are bad policy and do owners and buyers a great disservice. They misinform buyers and further erode owner property value. Sadly, buyers believe them. I am dismayed that the NAR and MRIS, and realtor associations do not push back against these automated valuations. Maybe NO Listings should be provided. No info is better than bad info.

  7. Mary says:

    If by selecting no to automated valuation causes your listings not to be forwarded to those sites that support this, is it also true that by selecting the "no blog" feature that the listing will not be displayed on syndicated sites that offer this feature?

  8. MRIS_Kerry says:

    Hi Mary,
    Yes, that's correct. For example, if you select "No" to the blogging and comments option in Keystone, the listing will not be sent to Trulia, since consumers who have created accounts on Trulia are able to comment on listings. This policy has been in effect for some time in order to comply with VOW and privacy regulations.
    Thanks!

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