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Showing posts with the label home sales

what price this house?

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I was reading an article in US News and World Report (May 7, 2007 issue) about Real Estate websites and decided to try them out by checking out the valuation on my house. The article used 5 different websites: cyberhomes , House Front , Real Estate ABC , Reply and Zillow for determination of house prices. According to the article, the websites varied quite a bit as to accuracy of value and sometimes one or more of them didn't cover a geographic area at all. For me, Real Estate ABC was head and shoulders above the rest in terms of the amount of information it gave as well as its accuracy. Unfortunately none of the websites gave me any feeling that I'm living on a goldmine. The value given for my house is approximately thesame as what I paid for it over 3 years ago. Sad, huh? Here's my take on the 5 real estate sites: Cyberhomes : The site generated an accurate map of my area populated with a number of other houses with generated values. There was no history of actual sales...