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Old 07-28-2009, 11:10 AM
 
809 posts, read 2,275,950 times
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Does anyone know of a site better and more reliable than zillow.com with detailing the value for homes? I inserted the address of a home on the market selling for $440K Zillow and estimated the cost to be around $160k ... now that can not be correct.

Also, is there anyone out there offering anything lower than 5.25% on a 30 year fixed mortgage? Thanks
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Old 07-28-2009, 12:27 PM
 
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You could go to the county website and do a records search on this property. This would tell you when it was last sold and and what price so you would have a baseline to work from. Some county websites will also give you a list of comparable properties that were sold recently.
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Old 07-28-2009, 12:30 PM
 
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wake county tax records have a real estate search section that does exactly that described above. you can click sales and look at sales in the same neighborhood recently, etc. very helpful when house hunting. idk about zillow specifically, i've never used it...
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Old 07-29-2009, 06:49 AM
 
Location: Wake Forest, NC
835 posts, read 3,527,758 times
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Quote:
Originally Posted by Jamerican View Post
Does anyone know of a site better and more reliable than zillow.com with detailing the value for homes? I inserted the address of a home on the market selling for $440K Zillow and estimated the cost to be around $160k ... now that can not be correct.

Also, is there anyone out there offering anything lower than 5.25% on a 30 year fixed mortgage? Thanks

The wake county website is better than Zillow, but be careful of 1 thing on here- the square footage is rarely correct.

As for interest rates they are as low as 5% depending on closing cost structure. Bottom line for closing costs is you are paying, them the only question is how- at the table or in the rate over the life of the loan? Whats best for you is simply a math equation. Will your payment savings with a lower rate offset the closing costs before you plan on moving? If yes it is cheaper for you in the long run to pay closing costs upfront, if no take the inflated rate and lower closing costs.
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Old 07-29-2009, 06:55 AM
 
Location: Cary, NC
31,593 posts, read 55,307,520 times
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Quote:
Originally Posted by dad2jules View Post
The wake county website is better than Zillow, but be careful of 1 thing on here- the square footage is rarely correct.

As for interest rates they are as low as 5% depending on closing cost structure. Bottom line for closing costs is you are paying, them the only question is how- at the table or in the rate over the life of the loan? Whats best for you is simply a math equation. Will your payment savings with a lower rate offset the closing costs before you plan on moving? If yes it is cheaper for you in the long run to pay closing costs upfront, if no take the inflated rate and lower closing costs.
Correct on both points.
And if Wake County measures a home, they MUST come up with a different measurement than an agent measuring the same home.
The standards of measurement are different.

When you see the same measurement on Wake County as you do in an MLS listing, you can bet the rent that someone didn't do their job.
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Old 07-29-2009, 08:11 AM
 
809 posts, read 2,275,950 times
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Quote:
Originally Posted by bdavis511 View Post
wake county tax records have a real estate search section that does exactly that described above. you can click sales and look at sales in the same neighborhood recently, etc. very helpful when house hunting. idk about zillow specifically, i've never used it...
One thing though ... this would be for Durham County and not Wake County, sorry if I was not clear enough on that point. Nevertheless, I have an idea of what you guys are all saying and I will check the Durham tax website to see what I can dig up? Thanks
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