Chasey_Lane
Salt Life
But at least we have an "in" with a builder...daydreamer said:
Internet Home Apprasial
- Thread starter AK-74me
- Start date
daydreamer
New Member
Chasey_Lane said:But at least we have an "in" with a builder...
sockgirl77
Well-Known Member
Why did I think that this was going to be a Sleuth thread?
itsbob
I bowl overhand
I remember reading about Zillow just a little while ago, whereas lending institutions and appraisers were concerned about the inaccuracy of information in the Zillow database. The article that I read came from Thursday February 18th on page D01 entitled "Site's Alluring Facade Is Built on Shaky Foundation"
http://www.washingtonpost.com/wp-dyn/content/article/2006/02/15/AR2006021502494.html
Fortunately, my current info seems to be pretty dead on, although the information on my old house is VERY wrong. I just sold the house a year ago, and the Zillow database indicates that the house has a value $120K more than what I sold it just 14 months ago. While some properties might rightfully appreciated that much, I know for a fact that my old house would NEVER sell for that much money. Use Zillow with reasonable caution.
http://www.washingtonpost.com/wp-dyn/content/article/2006/02/15/AR2006021502494.html
Fortunately, my current info seems to be pretty dead on, although the information on my old house is VERY wrong. I just sold the house a year ago, and the Zillow database indicates that the house has a value $120K more than what I sold it just 14 months ago. While some properties might rightfully appreciated that much, I know for a fact that my old house would NEVER sell for that much money. Use Zillow with reasonable caution.
JollyRoger
New Member
itsbob said:
250...that sounds way low for that program!
Yes, some estimates are off. But the estimate is only as good as the public tax records. And the estimates are only half the story.
Within a few clicks I can find all the comps that sold in the last “x” months. If I find a comp that sold 3 months ago for $30K less than a current asking price…I think that’s great info to have. However, it does take 1-2 months for the public tax records to update (that’s where Zillow gets the data) but it beats clicking on every…single…parcel…in a neighborhood. Sometimes that takes hours.
Now I can do it in a few clicks.
Within a few clicks I can find all the comps that sold in the last “x” months. If I find a comp that sold 3 months ago for $30K less than a current asking price…I think that’s great info to have. However, it does take 1-2 months for the public tax records to update (that’s where Zillow gets the data) but it beats clicking on every…single…parcel…in a neighborhood. Sometimes that takes hours.
Now I can do it in a few clicks.beachbunny
SoMd Realtor
The tax assesment is not even close to what the Market price would be for homes usually. Like most people are finding out ... they don't have the info even correct for square foot, levels, finished areas, even existing homes sometimes!
If you really are curious about what your home would sell for go to my website and select FREE HOME EVALUATION. You will get an e-mail back within 24 hours of your home Competitive Market Analysis report. There's no fees or obligations.
If you really are curious about what your home would sell for go to my website and select FREE HOME EVALUATION. You will get an e-mail back within 24 hours of your home Competitive Market Analysis report. There's no fees or obligations.
beachbunny said:
Uh, well of course the tax assessment is not market price, and one would never hope that the tax assessment matched market value. Some info may be lacking in the tax records, but you’ve got to start somewhere and do your homework. Where else does the average Joe get such info?