2006-07-21 11:07:13 · 4 answers · asked by lanny 1 in Business & Finance ➔ Renting & Real Estate
Don't trust them. They use loan/tax assessment info to come up with their estimates.
Because we paid cash for our house zillow is using the amount of the foreclosure from the previous owner as its "zestimate" to the dollar.
If you really want to know, call an appraiser.
2006-07-21 11:19:10 · answer #1 · answered by Sharingan 6 · 0⤊ 0⤋
take them with a grain of salt. They all depend on areas and how soon Realtors in such areas update sites such as the MLS (Multiple Listing Service)
For instance.... www.zillow.com although is an awesome site, and real fun to play with.. It under values my own house by over $75,000 So... like I said..take them with a grain of salt and use common sense too. =)
2006-07-21 19:27:17 · answer #2 · answered by Sharlala 5 · 0⤊ 0⤋
I've used zillow.com. I think their appraisals come up a bit on the high side, but it will give you a decent ballpark.
2006-07-21 18:11:08 · answer #3 · answered by SuzeY 5 · 0⤊ 0⤋
call a local real estate agent and ask for a comp on your home. you can also request a possible comp from your Title company.
2006-07-21 19:07:25 · answer #4 · answered by Openthathouse.com 4 · 0⤊ 0⤋