Q: Are web estimates reliable?
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A: If you have no intention of buying or selling they are a reliable source of entertainment. Northeast Los Angeles is one of the most difficult areas in the city to appraise properties. There are two basic reasons for this: first, those who buy here place real value on design, but appraisers only see a 3 bedroom / 2 bath house; second, the housing stock varies so much in terms of layout, geography, architectural style, proximity to commercial entities and many more factors. Not only are web values not accurate, but appraisers that are used to working in the suburbs have no idea how to acquire accurate values.
For an accurate online value visit www.UrbanLAhouseValues.com or just ask us.