estheracu, Real Estate Pro in Oakland, CA

Why are Trulia's estimates limited to only a specific geographic range?

Asked by estheracu, Oakland, CA Fri Dec 20, 2013

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Contact your Realtor Member for more info on local areas.

Best of Luck.
0 votes Thank Flag Link Fri Dec 20, 2013
First, value estimates on Trulia, Zillow or anywhere else are not reliable for making any decisions. They are estimates slightly better than a dart thrown on a dart board. Next, all valuations must be based on the local factors. A home like yours that sells in San Francisco will go for a different amount than if you are in Oakland or San Jose. All real estate is local based on supply, demand, economic and employment factors. A professional appraiser will rely on the most recent sales of the most similar homes in the closest proximity to the subject property.
0 votes Thank Flag Link Fri Dec 20, 2013
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