Libertarian ping! To be added or removed from my ping list freepmail me or post a message here.Someone’s rice bowl is being threatened.
Information is power...looks like this Arizona cartel wants to make sure the consumer can’t get it easily.
looks like the Real Estate Cartel is feeling out
I don’t see what the problem is. A bank or other lender will require a formal appraisal for closing. This is an informal process and gives the consumer an idea of what his/her comparables are, besides which it’s a matter of public record. All they’re doing is the legwork.
They had better go after real estate agents then. I sold two houses in AZ and both times the agent gave me an estimate of what I could expext to receive.
Well, I've been licensed here in Michigan since 1994 and I must say it has done a great job of documenting a market housing collapse and how lib policies can and will ruin an entire state.
I found that Zillow was almost 100% right on the button each time.
Leni
This just in: Arizona bans TurboTax because tax preparation can only be done by Arizona Certified Public Accountants. Jeez...
Arizona real estate interests must have donated a lot of money to get a ruling like this.
Bureaucracy protecting their enabling interest group rather than the public they ostensibly serve. Classic!
They really low-balled a neighbors home... one of the problems here in Arizona is you have a lot of homes built by owner on lots and one house may be worth a million and the next $200K — really..... estimates in these cities need a hands-on go out and see the house appraiser.
Whether they are right or wrong, justified or not, is irrelevant to the fact that they can’t just ban an Internet company from the state, like a despot banishing a jester that displeases him. A Seattle-based company will continue to exist on the Internet, and Arizonans will continue to be able to buy their services if they wish. How silly are these people!
I've found that appraisors rely primarily on a printout of consumated selling prices of comparable homes or condos within certain miles of the place for sale. Since some houses and condos are practically given away, it lowers the average neighborhood selling prices.
There's a few other factors, of course, like square footage, etc. but painting, new appliances etal. will rarely raise the appraisal amount.
Folks shouldn't tear their hair out when they get an appraisal lower than they think it should be. It provides a base to work from. A nicely-decorated, clean house in a good neighborhood will generally sell for over the appraisal amount.
Leni
I have observed some serious problems with the mapping software that Zillow uses. They seem to know which homes in my area have sold, but they can’t place them on the map. This seems odd because their headquarters is in the same state.
Libertarian ping! To be added or removed from my ping list freepmail me or post a message here.I sold my house in Tucson back in Dec for $205,000. Zillow’s “Zestimate” was exactly the same at the same time. I was amazed.