Zillow Advice: Home values - my house has two story,5 bedroooms and 2 baths,2636 sq feet.Everything had been remodeled recently.

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Thu, 26 Nov 2009 23:12:00 GMT

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Please ignore any NEGOTIVE info from other people until you get FACTS

take 10% off of what you ...

Fri, 03 Jul 2009 03:35:00 GMT

take 10% off of what you paid for it... thats a good starting number...

seriously give us an address

The homes that were sold ...

Fri, 03 Jul 2009 03:22:00 GMT

The homes that were sold during the boom years are coming back on the market, and in some cases they are forclosed twice over due to overpayment by knife catchers. The knife catchers are being taken out as well. Fast way to loose good credit rating, which puts the KC out of the game for some time.

"expansive view of the ocean"They ...

Fri, 03 Jul 2009 03:19:00 GMT

"expansive view of the ocean"

They too back in 1991 had expansive view of the ocean, granite counters, and exotic Brazilan floors... did it make any difference.

San Bernardino, Riverside and San Diego counties all showed slight to moderate price appreciation from October to October, ranging from 0.6% in San Diego county to 7.1% in Riverside. The combined average sales price of new and resale homes in Los Angeles County dropped 0.8% over the 12-month period. Still, October's price declines are a welcome occurence because they will help break down the buyer resistance that has helped stall the real estate market, [Milt Naylor] said. A total of 21,208 new and resale homes and condominiums changed hands during October in the five Southland counties, up from 19,331 sales recorded in September but still well below the 26,671 sales that closed in October, 1989. Sales dropped from October to October in all five of the counties, with Orange County posting the best comparison as its tumbling prices pulled some shoppers back into the market. San Diego County posted the steepest drop in sales over the year, down 34.9%; Riverside County sales plunged 32.5%, and sales for the 12-month period were off 19.3% in Los Angeles County and 16% in San Bernardino County,

You can use the My Estimator ...

Wed, 01 Jul 2009 23:40:00 GMT

You can use the My Estimator tool to create a little worksheet with your home improvements and see what Zillow thinks it's worth...
Go to your home details page and then "create an estimate"

With your assumption it is ...

Mon, 29 Jun 2009 05:05:00 GMT

With your assumption it is remodeled as move-in quality, it should go for about $520k at best. Probably closer to $500k to be more realistic. However with the direction the market is swinging, expect it to be worth around $400k by the end of the year (the correct fair market value) when the second wave of foreclosures hit. The banks right now are concealing the massive volume of homes being foreclosed on, in order to control the market, but they can't do this forever with the foreclosure rates continuing to grow, and spiking by the end of of the summer.

The market is only going to get worse, and MANY buyers are in a 'wait and see' mode. You won't be able to sell unless you give buyers a real compelling reason to buy now and not later.

Best to you,

Scott