Mortgage Rates Channel–Find mortgage lenders with the best loan ratesHome Equity Rates and Loans Bad Credit Rates- Find lenders for bad credit loans ratesDeposits Channel- Find best interest rates, news and adviceAutomobile Loan Rates Channel-Find lenders for your car loansBest Credit Cards Deals Financial Calculators for Mortgage, Auto, Deposits, Credit Cards
Interest.com- Home Equity and Line of Credit Rates Interest.com- Home Equity and Line of Credit Rates
Interest.com- Home Equity and Line of Credit Rates
Don't obsess over online appraisals

The more you hear about falling home prices, the more tempted you may be to check the value of your home online.

And check it again. And again. And again.

We understand the anxiety. But experts warn that you shouldn't get too distraught about the appraisals you find on Web sites such as Zillow.com and Cyberhomes.com.

"The percentage of error on these estimates is still very large," Delores Conway, director of the Casden Forecast at the University of Southern California Lusk Center for Real Estate, told the Associated Press. If there are not many comparable sales in one area, for example, she says, "the estimates will have huge errors in them."

Because houses don't sell that often -- the average homeowner moves only every seven years -- it's hard for the site's computer programs to determine a home's true worth.

Nor is it uncommon for the sites to be off by tens of thousands of dollars because important data -- like whether or not a home's kitchen has been remodeled -- isn't included.

Errors in information obtained from public sources, such as county assessor data used to collect property taxes, also can alter results.

If you live in one of the states where sales records aren't publicly available -- Alaska, Idaho, Kansas, Louisiana, Mississippi, Montana, New Mexico, North Dakota, Texas, Utah, Wyoming and parts of Missouri -- it's particularly hard for sites to produce valid estimates.

Real estate agents, tapping their expertise and records on what similar homes recently sold for, can provide a far more accurate estimate of your home's value.

That's certainly where you should turn if you're planning to sell your home and need to determine a fair and attractive asking price.

interest.com

Email this Page

 HOME EQUITY RESOURCES
Compare rates for home equity loans
Home equity calculators
Home equity basics
 TOP HOME EQUITY FEATURES
Tips for making smart decisions
Must dos for managing your home's equity
Answers to reader questions

Email this Page
Get up to Four Loan Offers in Minutes!
Compare low rates from the nation's top lenders and local brokers
  • Fill out our simple, secure form
  • Receive up to 4 loan offers
  • Choose the program that best fits your needs
Start Here
Type of Loan:
Home Description:
Credit Profile:
Property Location:
Interest.com- Home Equity and Line of Credit Rates
National home equity rates
11/21/2009 7:45:59 PM
HELOC
Home equity
Find rates in your area!






Interest.com- Home Equity and Line of Credit Rates
Interest.com- Home Equity and Line of Credit Rates
Interest.com- Home Equity and Line of Credit Rates Interest.com- Home Equity and Line of Credit Rates
Interest.com- Home Equity and Line of Credit Rates
Interest.com- Home Equity and Line of Credit Rates
Interest.com- Home Equity and Line of Credit Rates
Interest.com- Home Equity and Line of Credit Rates
Interest.com- Home Equity and Line of Credit Rates
Interest.com- Home Equity and Line of Credit Rates
Interest.com- Home Equity and Line of Credit Rates
Interest.com- Home Equity and Line of Credit Rates
Interest.com- Home Equity and Line of Credit Rates Interest.com- Home Equity and Line of Credit Rates Interest.com- Home Equity and Line of Credit Rates Interest.com- Home Equity and Line of Credit Rates Interest.com- Home Equity and Line of Credit Rates