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Re: New Tool for HouseHunters
Old 02-10-2006, 06:13 PM   #21
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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 :
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Re: New Tool for HouseHunters
Old 02-10-2006, 07:40 PM   #22
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Re: New Tool for HouseHunters

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.
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Re: New Tool for HouseHunters
Old 02-10-2006, 07:58 PM   #23
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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.
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Re: New Tool for HouseHunters
Old 02-10-2006, 08:10 PM   #24
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Re: New Tool for HouseHunters

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...
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Re: New Tool for HouseHunters
Old 02-13-2006, 01:21 PM   #25
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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!
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Re: New Tool for HouseHunters
Old 02-14-2006, 08:24 AM   #26
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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.
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Re: New Tool for HouseHunters
Old 02-14-2006, 12:27 PM   #27
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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?
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Re: New Tool for HouseHunters
Old 02-14-2006, 01:31 PM   #28
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Re: New Tool for HouseHunters

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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.

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Re: New Tool for HouseHunters
Old 02-14-2006, 01:54 PM   #29
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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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