Wednesday, January 2, 2008

Real Estate Values

I use zillow.com to value our house on our balance sheet. The site does not cover all cities but it does cover ours.

It uses comparables to set the value of a house. It also shows prices of recent sales in the neighborhood and the asking prices of houses currently on the market.

Over the last 2 quarters our house has lost over 5% on zillow which is probably a real assessment.

'til later

No comments: