Do we really need another Zillow Zestimate-style online gizmo to tell us what a computer model says our homes are worth? Probably not.
There already are scads of real estate and mortgage websites that offer some type of automated home valuation feature, such as Redfin, Realtor.com, Chase Mortgage, RE/MAX, Homes.com, Bank of America Mortgage and Coldwell Banker, to name just a handful.
You’ve probably visited one or more of them — and you know that virtually none come up with the same value conclusions. In fact, too often they don’t come anywhere near what local realty agents and professional appraisers tell you is the current market range for your property.