Friday, November 24, 2006

Here is a intersting article I found. Some of the site are very useful, but cannot take the place of a knowledgable & professionally prepared comparative market analysis. Read on. - Chad

You might have heard this piece of wisdom: A man with one clock always knows what time it is. A man with two clocks is never sure. The old saw applies to the rapidly expanding number of sites that estimate your home's value. First came Zillow ( and its "Zestimates," which launched with a splash earlier this year. Realtors and consumer advocates gripe that Zillow's estimates are inaccurate and confusing. Now comes CyberHomes (, the Zillow-like site just launched by title insurance giant Fidelity National Information Services. Both sites make it nearly effortless to look up home values. So, The Palm Beach Post ran some homes currently listed for sale and compared the prices to the valuations offered by Zillow, CyberHomes and county property appraisers' sites. The results? The numbers are all over the place, with CyberHomes offering especially optimistic values. CyberHomes was above the asking price for four homes looked at. The lesson? Don't take these tools too seriously.

Copyright © 2006 The Palm Beach Post, Fla. Distributed by McClatchy-Tribune Business News. courtesty & credit to above & planetrealtor.

No comments: