If there’s anything Americans obsess over as much as sports, pop culture and college for their kids, it’s real estate. All over the country, people love to talk about how much their homes, and those of their neighbors, might be worth if sold today and what it would take to snag a new house.
Trouble is, it’s hard for average folks to obtain solid, neutral estimates of the market values of homes without consulting a real-estate agent. There have been a few Web sites that offer estimates of a home’s value, such as housevalues.com. But they require you to enter your contact information and to be contacted by a real-estate agent or mortgage broker in order to actually receive a detailed estimate. While these sites look like they are focused on the consumer, they are actually designed to generate sales leads for agents.
Now there’s a new, well-designed, free online service for finding the value of a home that doesn’t require you to identify yourself or to communicate with an agent or broker, and provides heaps of information directly to consumers. It’s called Zillow, and it is launching today, in beta, or test, form at zillow.com.
(Chuck’s note: I went to homevalues.com, and it’s both a pain to use and obviously not user friendly. Zillow is neat, clean, and fast… like the Google of real estate. Even though I live in the boondocks, it had a reasonable – but low – estimate in seconds!
If you’re checking the prospective value of a real estate investment, this is your tool… no agent will call!)
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