Tuesday, June 24, 2008

Online real estate sites often off base

Even though the web sites such as Zillow.com and Cyberhomes.com often offer plenty of disclaimers when it comes to home value estimations, these estimates can be off by large amounts.

So be careful, its tempting to fall in love with a high estimation or get depressed by a low one, but "automated valuation models" can be missing critical information. To get a good home valuation, use a local expert, an experienced agent that knows the market and can make the proper comparisons.

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