How to Figure the Fuzzy Math of Internet Home Values
How to Read Zillow, Trulia and Other Online Home Price Websites - WSJ.com
Jason Gonsalves worked hard to turn his 6,500-square-foot stucco-and-stone home in the suburbs of Sacramento into the ultimate grown-up party pad, complete with game room, custom wine cellar and an infinity-edge pool overlooking Folsom Lake. When interest rates fell recently, Mr. Gonsalves, who runs a lobbying firm, looked into refinancing his $750,000 mortgage. That's when he got startling news—the home had dropped more than $200,000 in value while he was renovating. Or at least, that's what one real-estate website told him. Another valued the house at only…
People who are planning to buy a home must know exactly what the precise details are. These are the numbers that are supposed to add up to come up with the exact price. It might be little confusing, but you can ask your friendly realtor for advice.
ReplyDeleteRichelle Jelsma
Thanks for your comment Richelle
ReplyDeleteThis comment has been removed by the author.
ReplyDeleteIt's disappointing not to get the figures you were expecting after spending a lot of time and money on renovating your house. Is there some kind of licensed appraiser who is honest enough to indicate the real price of your property?
ReplyDeleteArmandina Skerl
Hello Dude,
ReplyDeleteBuying a house is the largest investment most people ever make, yet all too often it's a decision made in haste without adequate preparation. Thanks for sharing it......
I just realize that it is nice to think twice before renovating a certain home! Thanks for this BLOG!
ReplyDeleteCT Real Estate