Zillow is a real estate site that gives you estimates of the value of homes anywhere in the United States. Not only that, but it will allow you to see an image of the house from the sky, as well as surrounding houses, and give you the estimated value of those houses also.
I signed up for my free Zillow once a month email last summer. Each month, I receive something telling me what the updated value of my home is. I had expected the value of my home to go down with the failing economy, but instead it’s been increasing in value at least $500 a month, sometimes as much as $1,500.
This month, I was stunned to see that the value of my house has jumped again, but by $2,000. The email also gives me the value of other homes in my hometown area, as well as current sales within my own area. This email told me that no houses have been sold in my area in the last 30 days.
I have my own little homepage of information about my house also. It tells the details of my house, and if you disagree with any of those details, you get the opportunity to make corrections. I had to change the information on my house so that it reflected I had five bedrooms instead of 4, and 2 1/2 bathrooms instead of just 2. It also lists the monthly payment, which I’m not sure how they know that, the closest schools, and the property taxes if they know that, which, in my case, they don’t.
Zillow can be an interesting tool for checking the value of your home, and other houses in your area. It gives a nice range for both the seller and buyer. Why not give it a shot and at least see if you believe what it says about your home.