Watch out Zillow...there's a new player in town. Eppraisal.com has launched a new web site that will provide property evaluations in a format similar to Zillow. The main difference will be that Eppraisal provides a range of pricing rather than a specific price. They also recommend (and can refer you to) an agent who can meet with you to provide a more accurate pricing summary.
Zillow has been recieving quite a bit of scrutiny and criticism from the industry in recent weeks including the National Community Reinvestment Coalition, a Washington, D.C., nonprofit organization. They have filed a complaint with the Federal Trade Commission alleging that Zillow does not adequately disclose the degree to which its free automated home valuations can over- or underestimate a property's value. The site is "likely to cause substantial injury to consumers who rely on the inaccurate representations made by the company," the complaint alleged.
Another unrelated company with a similar name, Missouri-based Eppraisals, has developed a wireless technology for conducting residential appraisals and owns the Web site http://www.eppraisals.biz/.
Try submitting your home address after clicking on the Eppraisal.com link and let us know how accurate you feel they are.
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