And how do you feel about what it tells you? Go here to dive right in.
But if you need a little more info to entice you, keep reading:
At Marketplace Money, we’re trying our hand at a crowdsourcing project. We need your help to understand the variances homeowners are finding with the results given by home appraisal websites like Zillow, Trulia, Roost, etc. We want to know if people are using these sites in new ways while the market is down, as opposed to the “how much money could I make if I sold now…?” daydreams homeowners were having on these sites a year or two ago.
We want you to visit some home appraisal sites, test out your home’s address, and then use this link to report what you find. We also want to know why you may have used these sites in the past, and how you feel about them. Thank you!
We’ve lived in our home for 23 years, and always thought of it as a home first, investment second. We moved into a somewhat rough area coming back just before it took off. At one point online sources listed our house as being worth almost $900K, which was crazy, It’s now about $700K, still a good bit higher than an appraisal 5 years ago. The problem with this whole issue is that when houses are simply investments to be bought and quickly sold, it materially changes the nature of the good involved, from the owner-occupied long-term investment to something less stable and more commodity-like, yet the pricing system remained the same.