Wednesday, April 14, 2010

Real Estate Book: Another question for Chapter 3-The Role of the Internet

Q: I want to find out what my home is worth without actually talking to a real estate agent. Can I find out my property value on-line and, if so, how accurate will it be?

A: Beware of Zillow and sites like Zillow.
You can access recent real estate sales data but its very one dimensional and will not tell the complete story in why one property can be worth more or less than another nearby property. A seasoned real estate professional or real estate appraiser can assist you in accurately interpreting real estate sales data to get the true picture of fair market value for your property.

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