Posted by Lori Samson on June 04, 2000 at 01:08:14:
I tried it and didn’t like the out dated comps.I tried several properties today that I had appraised recently because of refiance or selling and I didn’t get any accurate info. Not even close. Lori
I asked for help in finding this site, but found it myself.
The URL is www.homegain.com If you type in the full street address, it will give you a value range for the house. It also shows you the addresses, sq.ft of the last three comparable sales within a user defined area, such as .5 miles etc. This is an Outstanding tool for getting a good sense of values in a particular area, especially when you can go and look at the three most recent comps in order to assess their outward appearance etc. Great site .
I checked my own home in their calculator, and it showed an incorrect bed/bath ratio, smaller lot size, and even though the sale date was accurate, the stated purchase price was $20,000 MORE than we actually paid for it. That doesn’t sound like too reliable of an estimate, in my opinion.
It isn’t a substitute for an appraisal, but it does list recent sales better than homegain/domainia does.
However, it does not give beds/baths/lot size or anything else that will allow you to determine what the actual comparable homes are. It’s good just for ballpark info.