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Instant home values on WashingtonPost.com

Real estate tech brief

By Inman News, Friday, February 13, 2009.

Inman News

Visitors to WashingtonPost.com's real estate section have a new tool at their disposal: HomeGain.com's instant home valuations.

Those who type in a U.S. street address along with a city, state or ZIP code will in mere seconds receive a free home-valuation estimate along with information on recent home sales and comparable home data.

Louis Cammarosano, general manager for HomeGain, said that WashingtonPost.com is the second online newspaper site to feature the company's instant home-valuation tool -- USAToday.com was the first.

The Washington Post this week also announced a partnership with Trulia to launch a co-branded Web site at WashingtonPost.com in which visitors will have the "ability to search for properties including open houses and new listings by neighborhood, price and property type, and also view detailed maps, local price trends, and property descriptions."

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Submitted by Kevin Turner on February 13, 2009 - 1:23pm.

My experience is that these 'desktop valuations' can be way off the mark. They generally do not account for improvements made to the property by the current owner. You can't beat some good local knowledge and a physical inspection. There is a new method from Australia called Price Finder www.pricefinder.com.au that will take these improvements into account is is proving to be very accurate. Maybe you should look at that.

 
Submitted by on February 16, 2009 - 1:26pm.

Leon d'Ancona, B.T.L.,M.T.L.
President/CEO IMS Incorporated
WWW.Realestatestatistics.com

Broad range type valuations are like buying the number 3 special at a Chinese restaurant there good. Tasty. But don’t reflect Chinese cuisine. Try www.realestatestatistics.com, where you can get a breakdown by type, zip code, style and much more, to give you a true reflection of price values.