There is a website that gives you the approximate value of any house by address, do you know what it is

Asked by Terry, Dallas, TX Fri Nov 23, 2007

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Bruce Lynn’s answer
Bruce Lynn, Agent, Coppell, TX
Fri Nov 23, 2007
Terry. There are a couple of websites you can try. One is Zillow. It is VERY ballpark, changes week to week or day to day. I find it works better in newer neighborhoods where the majority of the people used 100% financing as it often picks up the mortgage amounts to determine value. In the older neighborhoods or higher value neighborhoods it is often way off. My guess is this is because of lower mortgages compared to value. This is primarily because Texas is a non disclosure state. This means mortgages are recorded, but not actual sales price. You can also try metroplexhomesalesinfo.com . Good luck.
Web Reference:  http://www.teamlynn.com
1 vote
Be-elzebub, , H-E-Double Toothpicks
Fri Nov 23, 2007
I know that ZILLOW.COM works for California. Try it out for your state.
1 vote
T.E. & Naima…, Agent, Dallas, TX
Fri Nov 23, 2007
Hi Terry, Zillow doesn't work at all in Dallas because Texas is a non-disclosure state. They are not able to get the sales price of the homes that sell... Their figures are highly erroneous. the only public information is the mortgaged amount. I'll be happy to do a market analysis for you or get you the answer if you contact me at 214-289-8555. Another site you may want to try is http://www.dallascad.org. The figure on this site is simply the assessed value which is what the taxes are based on, not the actual market value of the home.
Web Reference:  http://www.sumnerrealty.com
1 vote
Deborah Madey, Agent, Brick, NJ
Fri Nov 23, 2007
You may be referring to Zillow. It is widely reported by both consumers and Realtors that the "Zestimates" can frequently be more than 20-25% off. It still can be a fun site to look at and play with. As far as utilizing the data for merit in a large financial transaction, definitely not advisable. Have fun w/ the site, though! Good mapping can be found there, too.
1 vote
Sylvia Barry,…, Agent, Marin, CA
Fri Nov 23, 2007
Hi Terry:

The only site I know of that does estimate for property value is Zillow.com. Every time I get a question like this, I go to Zillow to get an estimate on my own home, and it is still not accurate as of today.

I think the reason why is because Zillow does use the most recent sales around the neighborhood for a home and try to estimate the value of the house. The only problem is that it takes the hard facts (# BD/BA, SF, acreage, etc) but does not account for upgrades, views, location (open space, hillside, etc), unique characteristics (horse property, cul de sac, office/loft vs. bedrooms, etc); all these can make a big difference on the price of the home.

So, zillow might work for cookie cutter homes in a cookie cutter development, but will have a difficult time coming up with values for homes that can be quite different from each other within a neighborhood. Those will need human interpretation for a more accurate value.

Sylvia
0 votes
William, Home Seller, 18951
Fri Nov 23, 2007
Ha - in the last 4 months the estimated value of my home on Zillow has gone from 30K under market value to 50K over market value!
0 votes
Francesca Pa…, , Monmouth Cty NJ
Fri Nov 23, 2007
ZILLOW is not the way to go, use a realtor. Or any other for that matter; the web is still in its infant stages to make these assssment accurately.

If you notice next to the Zillow logo is the term "Beta". Beta means a first software release and is usually distributed to users as a way to learn the bugs of the program, get new ideas and improve its functionality.

Zillow is aware of its inaccuracy and is currently taking steps to improve.

As a realtor, Zillow is a problem because buyers/sellers see it as golden and are not aware of its inaccuracy.
0 votes
Pam Winterba…, Agent, Danville, VA
Fri Nov 23, 2007
Terry....

In addition to zillow you may want to try http://cyberhomes.com. Your most accurate would be a local Realtor. Good luck
0 votes
Josh M. Boggs, Agent, San Antonio, TX
Fri Nov 23, 2007
Terry... although TX is still a non-disclosure state... zillow is actually not to bad at ranges..(not actual value). Some Realtors whom post their listings on Zillow are now entering in the actual sales price when the house sells, so Zillow is picking that up and making the appropriate adjustments.
Web Reference:  http://www.exposedhomes.com
0 votes
The Hagley G…, Agent, Pleasanton, CA
Fri Nov 23, 2007
"approximate value" is the key word here. Zillow estimates, at least in Northern California, are off and give home buyers and sellers a false sense of the market. A local Realtor is your best bet to giveyou an idea of trends and stats in your neighborhood, as well as a competitive market analysis of your home. Good luck!
Web Reference:  http://www.cindihagley.com
0 votes
Chris Tesch, Agent, College Station, TX
Fri Nov 23, 2007
You might want to go to your county appraisal district on line and see what the value is there. Still not a perfect value, but probably closer than Zillow. Google your county and appraisal district. Very few don't have sites, or the capability to look up by address or name. Good luck!
Web Reference:  http://www.ChrisTesch.com
0 votes
Joe Spake, , Memphis, TN
Fri Nov 23, 2007
zillow.com or call a local Realtor.
0 votes
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