Eppraisal.com Kicks Zillow While They're Down

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eppraisal a new automatic valuation site in the vein of Zillow or HouseAmerica. It launched in Beta today, but will be officially launched next week at the NAR convention in New Orleans. It’s brought to you by the guys at Realty Thoughts.

Before we dive in to the site however, we need to check and see if it passes the Web 2.0 litmus test…

  1. Soft pastel colors. check
  2. Wet floor reflections. check
  3. Gradiants. check
  4. Ajaxy goodness. check

Good, we can add eppraisal to the Real Estate 2.0 big board. Up she goes.

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Seriously, the site looks good and works smoothly as advertised. Agents who want to put their eppraisals on their web sites can contact the company though their eppraisal.com Professional site. In return for spreading eppraisal’s valuations, agents are added to eppraisal’s pool. Users are automatically assigned an agent once they create an account on the site.

My only critique of the site, is unlike Zillow, eppraisal uses a value range rather than a specific dollar figure. While this is probably a safer route to take to avoid some of the pitfalls Zillow is running into; at least in the case of my house, the value range was so broad it was almost meaningless. They may find they have trouble gaining some consumer traction if this is universally the case.