Home Valuation Websites vs Actual Appraisal
Filed under: Mortgage and Loans | Keywords: appraisal
For my recent mortgage refinance, an appraiser came and did a full appraisal for my home. It cost $500. Here's what the various home valuation web sites said what my home was worth, compared to what the appraised value was:
| % of Appraised Value | Range | |
| Zillow | 120% | 107% – 130% |
| Cyberhomes | 100% | 90% – 115% |
| Bank of America | 107% [1] | 94% – 120% |
| eppraisal.com | 113% | 96% – 130% |
[1] B of A does not give a point estimate. The mid-point between low and high in its estimated range is used.
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