September 10, 2010, Newsletter Issue #205: Online Appraisals

Tip of the Week

Many companies offer online home appraisals. These companies, which include www.ditech.com, www.valuemyhouse.com, www.electronicappraiser.com, and many others, provide an appraisal of your property based on the price that other, similar homes in your area recently sold for. The shortcoming of these services is that no one actually goes out and looks at your home, and the services rely on your description of your property to arrive at a value. These services may be somewhat useful for setting your asking price, but a mortgage lender is unlikely to use an online appraisal.

About LifeTips

Now one of the top on-line publishers in the world, LifeTips offers tips to millions of monthly visitors. Our mission mission is to make your life smarter, better, faster and wiser. Expert writers earn dough for what they know. And exclusive sponsors in each niche topic help us make-it-all happen.

Not finding the advice and tips you need on this Real Estate Tip Site? Request a Tip Now!


Guru Spotlight
Phyllis Serbes