Real Estate Directory

Home Values

A Wall Street Journal analysis of 1,000 recent home sales shows that Zillow's "Zestimates" often are very good, frequently within a few percentage points of the actual price paid. But when Zillow is bad, it can be terrible -- off the mark by more than 25 percent on one in 10 homes. In one case it was off by $2 million.

Fidelity has recently launched thier own estimator of home value. Arguably Fidelity/FNIS has a better database to work off of than Zillow.

Many people are saying Zillow is pretty right on the money. However, when I check in my neighborhood, it reminded me of the time when I was selling Apartments. I brought in an appraiser into what was up until then my biggest sale ever.

This guy was comping values off of units that had sold in "the hood", while the building was in a very exclusive area.

Real Estate Tool Xooms

Introducing the Real Estate Tool that Xooms People always say the same thing when they encounter the Next Great Idea: "Oh yeah, I could've thought of that."

Which very well may be the greatest compliment ever given. When an idea comes along that is so natural, so obvious, so seemingly simple – that inherent feeling of 'yes, of course' stands as a testament to how ingenious the invention actually is.

Cue XoomPad – a 'best of breed' Internet tool that is making a huge splash in the world of online Real Estate. Our 'little project that could' started out as a handful of agents and entrepreneurs who looked at how things were done in the industry and said, "We can do better."

Out of that innocent – but weighty – statement, a new way to sell, buy, and research Real Estate was born. XoomPad is the meeting point of technology, expertise, and innovation. An IDX Solution that runs in tandem with traditional listing services, but also takes advantage of the latest satellite mapping, the limitlessness of the Internet, and the sophistication of burgeoning technologies to make success simple. Simply. But most important of all is that XoomPad not limited to big-name brokers, industry fat cats, or multi-billion dollar corporations. It is designed, built, and optimized for use by anyone ready to stake a claim in the last Real Estate frontier. From up-and-coming agents, to old-school brokers looking for a new edge, to single family buyers and sellers that want to be successful the first time – XoomPad is perfected for universal success.

Knowledge is power. We at XoomPad know this is true. That's why we're not content to simply sell products. We take a more holistic approach to Real Estate and business by offering services for custom website development, marketing training sessions, and open-source-inspired news and discussion forums, such as our Real Estate Blog . Innovation is the name of the game. But it is a game we can all play. Find out more about the XoomPad revolution and our many great partners at XoomPad.com and keep up with the latest in off-the-cuff Real Estate news at UrbanTango.com.

Vipin Singh
Go, Agent, Go!