Unexpected rapid, huge lost of value .

[Eva Fox]

Hello all ;

I am in shock, and I need advice, who to contact

for information. Please advice.

I own property (a condo exactly) in "hot" area, in 

Hollywood, CA.

The condo is rented. I was checking the estimated value

on Trulia and Zillow for a few, about 5 years.

Thye value was growing slowly, from abour 500k to 

over 700k, 725k was in May 2021, just days ago.

Yesterday I opened Trulia, and the value dropped,about 130k,

in the last 30 days, 18%

I checked other condos in the same complex, the same thing

some, some have "contact for estimate".

Do I have any resources, to contact someone,

for some explanation of what happened?

thank you much

regards e

[Jonathan Styer]

That amount listed on those sites means nothing. I wouldn't even worry about it. Comps will determine the value of your property more than anything else. If you really want to know the value of your property you could hire and appraiser.