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

This question was asked from http://www.trulia.com/homes/California/Berkeley/sold/2647691…

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2
Contact your Realtor Member for more info on local areas.

Best of Luck.
0 votes Thank Flag Link Fri Dec 20, 2013
Estheracu,
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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