This morning’s print version of the Daily Herald has an article, “Sneaking a peek”, on Internet sites where you can see what your friends, co-workers and neighbor’s paid for their homes and the homes’ estimated values. Such sites have been around for several years, but recently they have gotten more numerous and more technically sophisticated. While sites such as, Zillow.Com and RealEstateABC.Com may dazzle you with impressive satellite photos, they still do a poor job of estimating home values. This is due to the fact that the estimates are based on public data of which a good amount is incomplete or wrong. As they say in information technology, “garbage in, garbage out.”
To verify what I’m saying, check the Cook Country Assessor’s Web Site for the following properties:
ABOUT THE AUTHOR
Fran Bailey shows, previews and tracks downtown Chicago homes for sale giving her the insights needed to help her clients negotiate the best price and terms. Fran has been quoted in numerous Chicago and national publications. To schedule showings of listings regardless of broker or to contact Fran email her at fran.bailey@bairdwarner.com or call 773.793.4516. Learn More
Fran Bailey, Realtor
