How I estimated my house value at $625,965 for August 2007

By Pinyo, on September 4, 2007

In my net worth report, I estimated my house at $625,965 for August 2007. I figured I should go into more detail about how I did this. I have to say that I owe this method to The Dough Roller’s 10 Fun and Free Websites to Lookup the Value of Your Home (and your neighbor’s home).

First, I list these entries on my spreadsheet:

• Reply
• Eppraisal
• Real Estate ABC
• HomeGain Low
• HomeGain High
• HouseFront Low
• HouseFront High
• Cyberhomes
• Zillow

Then I go to these web sites to get my estimates:

• Yahoo! Real Estate — this gives 3 values retrieved from Reply, Eppraisal, and Zillow
• Real Estate ABC
• HomeGain – this gives a high and a low value
• HouseFront – this gives a high and a low value
• Cyberhomes

Lastly, I use the Olympic convention of dropping the highest and lowest scores, then averaging the rest to get the final estimate. So far, Reply has been giving me the lowest value which I know is way below market; and high estimate from HomeGain has been giving me the highest value which is too high.

I hope that clears it up.

Read more about

Get free updates

    via Twitter
    via Facebook
    via RSS or Email

Share this article

• 
• 
• 
• 
• Share

Pinyo is the brain behind Moolanomy personal finance blog and a few other web sites. If you like this article, please subscribe for free daily email updates.

All posts by Pinyo

Please share your comment:

Comment Rules: Constructive criticism is welcomed. Please use your PERSONAL name or initials and not your business name or URL, as the latter comes off like spam and I'll most likely delete your comment. Have fun and thanks for adding to the conversation! Here's our comment policy and guidelines.

2 blogs that link to this article:

If your trackback does not show in 24 hours, please resend to this trackback URI.

1. The Friday Gathering For 9/7/2007 | Gather Little By Little
2. The Roundup - Reorg Edition : A Penny Closer