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Updated about 18 years ago, 12/11/2006
Determining Value - Electronically
hello all,
Trying to get some basic information here. I deal with REO's and am very familiar with BPO's. I am having some serious issues determining electronic values though. This topic may very well be in here somewhere, but for a recap, can we please get it updated.
On the front page of the forum we have access to zillow.com valuations. I can use zillow to baseline properties but I am finding that it doeswnt have the ability to give me real values.
For example, we have a very exclusive gated community where I live. properties are 80 - 100 per square foot more than outside the gates. When I "Zillow" a property that is next to but outside the gated community, it pulls comps from inside the gated community. Additionally, I notice there is a huge difference in teh values when I have my realtor pull comps even when there isnt any "gated area".
This brings me to this question...
Does anyone have any other electronic AMV sites that they use that dont sapm the crap out of you when you use them?
I know of www.zillow.com for not spaming you. I have used one from Bank of America before, but they try to contact you through their mortgage department once you submit.
It would be nice to have a complete list of sites to use to get a blemded average to determine electronic AMV.
Thanks,