New Tool for HouseHunters - Page 2

Arif · 02-10-2006, 06:13 PM

They still have a lot of work to do. A house I sold for 125k is listed on their site at $35k

Brat · 02-10-2006, 07:40 PM

Quote:

Originally Posted by Arif

They still have a lot of work to do. A house I sold for 125k is listed on their site at $35k

Go to your county assessor's website to see what it says about the sale price. That should be their data source.

Spanky · 02-10-2006, 07:58 PM

The county assessor's website shows $303,500 compared to $380,000.

Using wab's rule of thumb: 1.3 * 303,500 = 394,550.

I guess their estimate is not bad.

Nords · 02-10-2006, 08:10 PM

Quote:

Originally Posted by Arif

They still have a lot of work to do. A house I sold for 125k is listed on their site at $35k

I wonder if the sale's been recorded yet. Hawaii has a six-month backlog on sales, let alone mortgage refinancings.

Many years ago, when I had a mortgage escrow account to "pay" my property taxes, the first indication of tax trouble was receiving a lien notice from the county. That's when we all found out that the mortgage-servicing company had been "servicing" the escrow accounts to make payroll...

Brat · 02-13-2006, 01:21 PM

Nosy me thought of another way to use this tool: compare property taxes.

I have friends who live in Cleveland, the difference in the value of substantial homes there and my community is eye-poping.* When I looked at their property taxes my friend, whose home is valued at about 60% of mine, is paying essentially the same $ in property taxes and felt the need to send their kids to private schools.* There is no free lunch!

**Martha** · 02-14-2006, 08:24 AM

No houses in my town. I put in some friend's addresses in Minneapolis/St. Paul. Interesting to see how much they pay in property taxes.

I thought the comps were off base, often coming from the wrong neighborhoods.

cute fuzzy bunny · 02-14-2006, 12:27 PM

No houses in your town? What do you all live in...oh...wait...is it true what they say about lawyers?

SteveR · 02-14-2006, 01:31 PM

Quote:

Originally Posted by (Cute Fuzzy Bunny)

No houses in your town?* What do you all live in...oh...wait...is it true what they say about lawyers?

An article in the Sunday paper here gave a nice overview of Zillow.com
Basically, it says the database has over 2 terabytes of data on 60 millon homes in the US. They want to have 100 million homes by the end of the year. That will account for some areas not being up to date or not included yet. They do not plan on charging for the site but banner ads could creep in since it would be a huge income to the site with very little work. Overall, the article was pretty favorable.

HFWR · 02-14-2006, 01:54 PM

Little pricey for my home, me thinks...

$147k v. $131k tax assessed, but hey, you never know until you sell.

02-10-2006, 06:13 PM	#21
Arif Full time employment: Posting here. Join Date: Jun 2005 Posts: 661	Re: New Tool for HouseHunters They still have a lot of work to do. A house I sold for 125k is listed on their site at $35k __________________ You take the blue pill - the story ends, you wake up in your bed and believe whatever you want to believe. You take the red pill - you stay in Wonderland and I show you how deep the rabbit-hole goes.

02-10-2006, 07:58 PM	#23
Spanky Thinks s/he gets paid by the post Join Date: Dec 2004 Location: Minneapolis Posts: 2,800	Re: New Tool for HouseHunters The county assessor's website shows $303,500 compared to $380,000. Using wab's rule of thumb: 1.3 * 303,500 = 394,550. I guess their estimate is not bad. __________________ May we live in peace and harmony and be free from all human sufferings.

02-13-2006, 01:21 PM	#25
Brat Thinks s/he gets paid by the post Join Date: Feb 2004 Posts: 2,867	Re: New Tool for HouseHunters Nosy me thought of another way to use this tool: compare property taxes. I have friends who live in Cleveland, the difference in the value of substantial homes there and my community is eye-poping.* When I looked at their property taxes my friend, whose home is valued at about 60% of mine, is paying essentially the same $ in property taxes and felt the need to send their kids to private schools.* There is no free lunch! __________________ Duck bjorn.

02-14-2006, 08:24 AM	#26
Martha Administrator Join Date: Feb 2004 Location: minnesota Posts: 10,065	Re: New Tool for HouseHunters No houses in my town. I put in some friend's addresses in Minneapolis/St. Paul. Interesting to see how much they pay in property taxes. I thought the comps were off base, often coming from the wrong neighborhoods. __________________ . Do not rely on the information provided--my posts are not to be taken as legal advice. Needless to say you must consult with your legal representative. I am not responsible for errors. If I offended you with cya I apologize. If I did not, I tried.

02-14-2006, 12:27 PM	#27
cute fuzzy bunny Give me a museum and I'll fill it. (Picasso) Give me a forum ... Join Date: Dec 2003 Location: Losing my whump Posts: 22,527	Re: New Tool for HouseHunters No houses in your town? What do you all live in...oh...wait...is it true what they say about lawyers? __________________ Many an optimist has become rich by buying out a pessimist

02-14-2006, 01:54 PM	#29
HFWR Give me a museum and I'll fill it. (Picasso) Give me a forum ... Join Date: May 2005 Posts: 5,486	Re: New Tool for HouseHunters Little pricey for my home, me thinks... $147k v. $131k tax assessed, but hey, you never know until you sell.

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