Jim Soda ... TheSodaGroup.com
Keller Williams Realty
Serving the Greater Sarasota and Lakewood Ranch Areas.
You should understand how Trulia and Zillow operate.
First of all, they are not licensed real estate brokers. They are not a substitute for the local MLS. Both sites scrape public tax records, take the tax value of a property (which has nothing to do with market value), and they apply a mathematical formula to arrive at a "value".
There is not a single mortgage broker or lending institution that will use a Trulia or a Zillow home "value" when performing a property appraisal.
Would it surprise you to know that Trulia and Zillow do not exist to sell you a home, but exist to draw a large number of viewers to sell to advertisers? That is their business plan.
You can learn more about how their data applies directly to the Sarasota market here on my website: http://www.davidbarrhomes.com/debunking_zillow
If you need help searching, or finding real comparable values in a particular neighborhood or area, please feel free to contact me.
David Barr, Broker Associate
This is why it is critical to understand home value and make sure your Realtor understands home value. If you do not review every sale in the area before you bid on the home, you may be paying over market value. And in a downward market, this will not be fun when you refinance because YOU will be the one losing money.
When seller start paying MORE than list price for a home, the trend will move in the other direction.
Average list prices will ALWAYS be above average sold prices. The math can not work any other way unless of course sellers decide to pay above list...now that would be interesting.
Now, as others have pointed out, if the numbers you are looking are are on Fantasy web sites....well, what do you expect? You can read everyday posts by citizens regarding the inaccuracies of the data displayed on these aggregate web sites.
If you are ready to make a serious real estate decision, you need to use serious tools. They do not exist on fantasy aggregate websites, they are for entertainment purposes.
The good news is reliable, accurate, timely, relevant data is right at your fingertips, if you choose to use real data. The choice, as always, is yours
Best of success to you,
Annette Lawrence, Broker/Associate
Remax Realtec Group, Palm Harbor, FL
727.420.4041 - Chat with me on: http://www.RealestateMadeEZ.us
You can search for homes on my web site at tammyhayesre.mfr.mlxchange.com. I would be happy to send you some listings of interest if you could send me your search criteria.
Tammy Hayes, Realtor
Green Lion Realty, Port Charlotte, FL