Comments on: Good News for Reverse Mortgages: Home Values Have Stabilized says Zillow

By: Guest

Guest — Mon, 21 Dec 2009 22:51:00 +0000

I have not found Zillow or CyberHomes to be reliable on-line indicators of individual home values. As Shannon Hicks says, they give you an indication of the current trend. More useful (and conservative) is Chase’s on-line valuation tool, driven by First American CoreLogic. To get several on-line valuations at once, try eppraisal.com, then take an average of them. Finally, don’t forget to use a tool such as Google Earth or Streetview to look at the subject home and the comparables, then make some educated adjustments based on condition, location, etc.

By: HECM_Dude

HECM_Dude — Mon, 21 Dec 2009 20:51:45 +0000

I have not found Zillow or CyberHomes to be reliable on-line indicators of individual home values. As Shannon Hicks says, they give you an indication of the current trend. More useful (and conservative) is Chase's on-line valuation tool, driven by First American CoreLogic. To get several on-line valuations at once, try eppraisal.com, then take an average of them. Finally, don't forget to use a tool such as Google Earth or Streetview to look at the subject home and the comparables, then make some educated adjustments based on condition, location, etc.

By: Shannon Hicks

Shannon Hicks — Mon, 21 Dec 2009 19:51:00 +0000

Zillow has been useful for property value trends by state and county, but that is about it. If you want an accurate value on a property their calculations are far from realistic.

By: Name

Name — Mon, 21 Dec 2009 19:21:00 +0000

Your politics are showing. When the economy collapsed under Bush he looked like a deer in the headlights, he couldn’t leave the scene of the crime fast enough!

By: Shannon Hicks

Shannon Hicks — Mon, 21 Dec 2009 17:51:40 +0000

Zillow has been useful for property value trends by state and county, but that is about it. If you want an accurate value on a property their calculations are far from realistic.

By: Name

Name — Mon, 21 Dec 2009 17:21:52 +0000

Your politics are showing. When the economy collapsed under Bush he looked like a deer in the headlights, he couldn't leave the scene of the crime fast enough!

By: treverse

treverse — Mon, 21 Dec 2009 13:36:40 +0000

By the way I forgot to add this little fact. I had a loan that cancelled due to low appraisal. Zillow stated the home was $325K and it came in at $220K. Zillow needs to wake up!

By: treverse

treverse — Mon, 21 Dec 2009 13:34:31 +0000

One Question? Is this report based on facts or did it come straight from the Obama spin machine?