Thursday, December 28, 2006

Pricing Your Home? Check out these websites...

Many websites offer free home valuation tools. Zillow leads the foray since February 2006. For the most part, these "free tools," designed to either capture real estate client leads or to sell advertising, gave us little help in pricing an investment house. This is the result from my quest today:

Bank of America
The value of this property is estimated between $232,000 and $264,000. Listed as 1 bedroom and 1 bathroom manufactured home. The home has 2 bedrooms, 2 bathrooms, and is stuck built.

CyberHomes
Nothing happened (twice) when I entered address; page changed to empty box.

Eppraisal.com
Estimated Value Range: $241,901 - $327,277 Listed erroneous square footage of 898; home has over 1300 square feet. Such a wide value gives little help.

HomeGain
Value Estimate:$ 255,780 - $300,264 Erroneous square footage of 898 and comps from 2005!

RealEstateABC
"We're sorry! We were unable to locate any properties matching your search in the city you entered."

Reply.com
Compares our property with lakefront houses sold for over $2M; states our home worth $335,699.

Zillow
$302,012 Inaccurate information about our property and comps more than a year old.

Conclusion:
We need to go look at houses on the market in the neighborhood to see what buyers see and price our home to sell accordingly.

Sell Your Home for Top Dollar: Sell Home Fast

Copyright © 2006 Jeanette J. Fisher
Lake Elsinore Realty