RealEstateABC Challenges Zillow

Zillow, the popular real-estate site that gives home valuations in specific areas with a google maps mashup, has a new competitor.

Less than three months after Zillow’s launch, RealEstateABC is in public beta. The new site lets users slide adjust property values for individual houses based on such factors as interior, exterior, lot size, view, privacy/noise and local market conditions.

Further detailed info on property values is had by adding comparative factors, such as distance from a certain address.

RealEstateABC [paraphrased from TechCrunch] (Thanks to Leonor!)

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  1. Drinker Nisti says:

    Based on a 3 minute trial for my SoCal neighborhood (Hello Housing Bubble!)– Both Zillow and RealEstateABC seem to estimate on the high side (and there are plenty of recent sales to choose from). It’s easier to pick out reasonable comps (assuming you know the neighborhood) with ABC. Zillow has the interesting time series comparisons. It’s good to be reminded that I really did buy at the tippy-top peak of the market 6 months ago…

  2. mariser says:

    “It’s good to be reminded that I really did buy at the tippy-top peak of the market 6 months ago…”

    ouch! I feel for you…

  3. Drinker Nisti says:

    “We’re in it for the long haul” is our mantra…

  4. Mike Allen says:

    All online home valuation tools are going to be flawed.

    There simply is no way a machine can properly value a home even with the best data and the best logic.

    But, this does not mean you cannot come up with a valuation online… it just means you have to invest around 5 minutes looking at some comparable homes and then making a judgment call.

    If you like in Dallas, we can show you how to get a fast accurate valuation for your home.

    [blog.homeprodigy.com]