House Values - Comments

Bob is so right. This is a great site and has assisted me tremendously in research. Quick & easy to use, it is very informative.

One house I checked is slightly overpriced and another is way underpriced, which is interesting because the houses nearby for which Zillow gives the sale prices are way higher.

What isn't taken into consideration (since the values are based on known information like the number of bedrooms and square footage) are things like views, condition of the home, quality of schools, etc. Nevertheless, Zillow does seem to be a good source for getting the actual sale prices of homes in one's neighborhood.

Wow, this is too cool. I checked a bunch of houses in my area that I know are for sale, and some in more expensive counties closer to NYC. The valuations seem right in line with the asking prices on those homes.

Of course they can't know if the homeowner has just remodeled the kitchen or finished the basement, but the data Zillow provides (including the historical selling prices) is extremely useful.

Interesting site. The house across the street was appraised correctly. Mine, built in 1927, did not show even though the map placed a house there. My neighbor's house didn't show, but he sold it last month for over appraised value.

I checked my house today. The information provided by Zillow was about 40% of the county's appraised value. Zillow seems to get it's information from Government sources, but doesn't understand the calculations used to determine value for taxation, at least in my state.

EDITOR'S NOTE: In many areas the local gov't assessor's tax valuation has little or nothing to do with reality!

Actually, it's very possible for users of House Values to eventually lose thousands (even tens of thousands) of dollars. Why? Services like House Values and Zillow are often WAY OFF in their estimates of value. Consumer who doesn't consult with a GOOD Realtor and only uses an online service for proper pricing is likely to make a pricing mistake.

What a firestorm this Zillow service has created! You should see the rabid negative comments by realtors and appraisers in some other forums... They appear to be scared out of their minds by online tools like this.

But I can't see why... Zillow is still in beta test mode, and claims to give you nothing more than an ESTIMATE.

Unless someone somewhere knows a site to get "basic" home values without having to enter all kinds of information and then only get to the end to find out "someone will contact you",I found Zillow to be fairly accurate and not intimidating at all. Thanks!

Wow, what an interesting site. Unfortunately, there are no listings for our area yet (84066 and 84078) but I tried looking up some other people from my address book just to see how it works. Very interesting information. I will keep checking back and hope that some of the smaller, rural areas begin to be added soon. Thank you for this opportunity. It will surely help me with some of the other areas we have been looking into buying in.

The sad thing is, I discovered that some of the poorest people I know have the most expensive house of anyone I know. Of course this is probably because of the area they live in, there is nothing cheaper, but it certainly was an eye opener.

I found the sale prices well over market. However the information on a house and it's sold price are accruate.