How good are online appraisals?

The MSN Money jornal put online appraisals to the test in a great review of the various online appraisal services including the hot newcomer Zillow. Not too surprisingly, Electronic Appraiser, which is the most expensive service they reviewed, came out on top. Indicating that in this case at least, the old adage “you get what you pay for” holds true. Unfortunately, they did not compare such services to those of real world appraisers, which would make for an excellent academic study for any real estate PHDs looking for a dissertation topic.

Also, kudos to the fsbo primer blog for pointing me to this info.

One Response to “How good are online appraisals?”

  1. Larry Cragun Says:

    Electronic Appraisal is doomed. These are not appraisals. They are helpful though. Larry Cragun.

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