Monday, November 12, 2007

Property Value and Information

Information is power. Have you ever wondered how your home and neighborhood stack up? What is your home's current estimated value? What is the Median Value of homes in our area? Population density per square mile? Median Household Income? Unemployment Rate? Projected Job Growth? How about building permits issued? Quality of Life issues like Air & Water Quality? Average Commute Times?

You can find all this information and more (maps, photos & satellite images) on CyberHomes. This free service allows you to access information on over 100,000,000 properties across the US. Click on the CyberHomes link and enter your address. You will be amazed at the amount of information that is made available.

One caveat about these sites, particularly when they claim to give you an estimate of property value is that the information is solely derived from county records. The algorithm used to determine value only consider recent sales with no consideration of the details of your particular property (improvements, location, etc). There is no substitute for a value opinion from a real estate professional. It's still fun and interesting to look at.... Enjoy!

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