Online home information is becoming a competitive business.

In addition to Zillow, HouseValues, realestateabc.com and a host of others, cyberhomes.com is now live. Each site attempts to provide information about home values across the country.

Thought they try, none of the automated valuation services can be 100% accurate. This is because the automated home values rely on public information in city, county, and other databases and that data is not always 100% accurate itself.

For example, if a database shows a home’s square footage to be inaccurate, the online valuation engines will generate an inaccurate value. The same is true if the home was remodeled and permits were not filed as appropriate.

The Web sites are a rough guide for evaluating a home’s worth, but the only way to learn the “true” value of a home is to have it appraised by a licensed (and human!) real estate appraiser.

This entry was posted on Friday, April 27th, 2007 at 4:12 pm and is filed under Cincinnati Real Estate News. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.