Towson Home Price Estimate

  • Towson Zillow Zestimate January 2013

Towson Zillow Zestimates Incorrect and Problematic

January 26th, 2013

Towson Zillow Zestimates continue to be incorrect and problematic in the public's understanding of the value of a home. I listed a Towson home that will be coming to the market in March. We have completed our paperwork, and are readying for the Baltimore real estate market. One thing we discussed was their rather low [...]

Wells Fargo HELOC Class Action Lawsuit

March 20th, 2012

A Class Action Lawsuit has been filed against Wells Fargo due to reductions in HELOCs all over the country. In May of 2009, I wrote about Towson Zillow Zestimates affecting a client's HELOC loan, and how his line of credit had been reduced right in the middle of construction on the property. This is what [...]

Computerized Appraisal Problems

January 5th, 2011

Computerized appraisals have been an issue for awhile, but recently, they have become a problem for a much larger group of people. Appraisals done by people in general are both objective and subjective, which means that often if you had two professional appraisers come to your house, you would likely get two different price opinions, [...]

Why Do Some Houses Sell While Others Stay on the Market?

August 27th, 2010

Why do some houses sell while others stay on the market? A very good question. The answer is rather simple: price & condition. In a Towson neighborhood where there could be 3 houses that have been on the market for months, a new one comes on. There is a flurry of activity, and the house [...]

Misleading Towson Zillow Zestimates Explained Further

May 21st, 2009

As I wrote March 2, Towson Zillow Zestimates in general, are statistically off by a large amount. Last week I had a client call me because his HELOC was reduced by a large amount right in the middle of construction to improve his home. He could not understand how the bank could make the determination [...]