JoeWras
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
- Joined
- Sep 18, 2012
- Messages
- 11,718
You can’t rely on Zillow as it is all over the place. They say my place gained 5% these past 6 months. A similar sized property 400 yards up the street just sold at a increase of 60% from last year. If there aren’t enough properties being sold Zillow has no data to use. Broker says I can get 25% more than what I paid 18 months ago. After improvements and closing costs for purchase and sale, moving etc it is not worth it. Even at 25% more I think I got a good deal. Due to pandemic mostly rented on AirBnB and my net return is about 14%, Not counting appreciation. so going to pass on all the requests.
In my county, the best place to get a feel for the market is to look at the comparable sales they list. They use these to base the tax evaluation. The comps auto-update and you can follow them. You can also cruise other recent sales.
All of this is freely and easily available on most county sites depending on your state and county. Some make it easy (my county), others make it difficult.
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