I let the local experts to do that.
Sylvia, I did say that the original poster might stumble upon a local agent who DOES have an idea what the property is worth... but since the original poster doesn't know if they've found someone with local knowledge, or not... they can't really count on the answer, and therefore a pointless question.
I think it's foolish if we answer those kind of questions. I suspect that there are some people on Trulia doing FSBO or buying a property by themselves or with the listing agent (just want a break in fees but do not trust the listing agent) or with discount brokerage. They'd try to find out how much a property is real worth by coming on Trulia.
If we continue to answer those questions, it may or may not be ethical (which I think it is) but it's just plain old foolish if we continue to answer those questions.
They need to ask their own agents those very detail type of questions.
And JR... I don't think we're forming an agency relationship by answering "what do you think 1234 Sherman Avenue is worth", and I'm not sure that we're breaking an ethical barrier... but I think it's a foolish question to ask and a foolish question to answer.
Random agents, wandering the internet, without having done a proper analysis of the property, have very little idea what 1234 Sherman is worth. You might stumble on an agent who works in the area, who might have some decent knowledge about what the property is truly worth... maybe they even managed to show the property, so they have a good idea of what it's worth.
But as the person who posted the question, you have no idea who the agent is, or whether they really know the value, and therefore the answer is worthless, making the question pointless.
I don't consider I am building an agency relationship with anybody here online. If they want to, they can check my profile and contact me. Otherwise, I am not their agent.
I do think it's really poor for some agent on Trulia to answer a question posted by a buyer/seller who has an agent working for them and tell them to contact him/her so they can get the business.
I think if the poster like the answers they get and really have problems with their agent, they should come to the conclusion by themselves instead of being prompted.
Not how we run things here!