ABC Values™ Previews on the Web
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March 30, 2006
RealEstateABC.com launched their own home valuation tool free for consumer use just a few weeks after Zillow announced their beta site. Called ABC Value™, it operates on the same principles, namely public records and recent sales. I find it easy to use and I particularly like the easy way to adjust for value based on general interior amenities, exterior, lot size, view and noise/traffic factors. I also like the feature they included for market conditions; cold, average and HOT. After these adjustments, you can also adjust for square footage of the home if the tax record is wrong. ABC makes it very clear that these are only estimates and "For deeper insights, contact a local real estate expert." Here are some screen shots (click for a big picture):
Selecting your own comps from the local area around your property is as easy as clicking check boxes. ABC Value™ doesn't have all the cool charting that Zillow does but then again, it is quick and easy. Testing a couple of my current listings I found it to be as accurate as Zillow and better with the value adjustments provided (remember, you have to be objective as most home owners are not).
Let the race begin! Read more about RealEstateABC.com...
About RealEstateABC
RealEstateABC.com was started in March 1998 with the goal of providing a site that candidly informs homebuyers and home sellers about the real world of real estate, without puff, hype or sensationalism. We want to help consumers with insight into how things really work with straightforward analysis of market trends and "how to" guides.
This philosophy applies to all the resources on our site, including the Agent Directory and the Home Values tool. Most Agent Directories focus on having the greatest number of agents, but we want the best. So we continually work to put the most informative agents in the directory and we list the agents in the geographies where they are experts. Our Home Values tool helps consumers with the central mystery of buying or selling a home, "what is it worth?" By providing an "ABC Value™", an estimate of value of the selected property based on recent home sales, the consumer has a starting point which they can refine further based on their knowledge of the specific property and by working with a local market expert, a real estate agent.
We've been gratified by the response to RealEstateABC.com from consumers and real estate professionals:
RealEstateABC.com is part of InternetBrands.
- Our "how to" guides appear on over 30,000 real estate web sites RealEstateABC.com is one of the most-linked-to real estate sites on the web
- Our site has had numerous mentions in the media including being named "Cool Site of the Day", featured on CNBC's "Power Lunch", and named by PC Magazine as one of the "100 Best Sites You Didn't Know You Couldn't Live Without"
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