Cyberhomes.com vs. Zillow.com. The battle of the century!!!

[Joseph Ziolkowski]

Ok, not really... :mrgreen: But what I WAS wondering... I've heard people suggest those two sites for finding comps for wholesaling before you can afford a subscription service. Thing is, cyberhomes alwyas seems 20%-60% Lower than zillow. What the heck is a guy supposed to do with that?? :roll: So I was wondering if anybody had a favorite. I know that neither one of them are great, but which one, if you were forced to pick, would you use to start? Thanks!

[Jeff Warner]

Like Josh said, there are no shortcuts. Here is an example:

I put in an address where I know the value, here is the breakdown per site:

Zillow: $159k
Epraissal: $147,539
CyberHomes: $112,110

Actual Value: $100k

Talk about throwing money away...cyber homes was close but that 12k could cost me a deal or cut into my profits. The problem with those sites, like others mentioned is they use old comps and if you know your area you can most likely discount some that are too far away just by looking at the street name.

In a market that is rapidly changing you simply cannot afford to rely on outdated data, you need to know what the home is worth TODAY, not last year.

Jeff