Will zillow.com have an impact on your buying / selling habit?

As much as computers are to be applauded, the invisible hand of automated valuations seems remarkably unsteady. Suggesting for one property a range of possible prices from $317,580 to $508,849 is a useless; no seller will accept the lowest figure and no buyer will be enticed by the highest. While it’s entirely possible to have statistics regarding past sales, lot sizes, property taxes and other objective measures, when it comes to valuations I’ll stick with local brokers and appraisers.

click here for more

search for : zillow, automated valuations, lot size, property tax, broker, appraiser