Updated almost 13 years ago on . Most recent reply
Estimating a listed property value using online resources
As you can see for this single family house, there are 3 price estimates which are quite different from each other:
http://www.ziprealty.com/property/2714-REX-AVE-BAKERSFIELD-CA-93304/4754697/detail
Zillow estimates it at 96k, homegain at 104 and eppraisal at 71k
First and foremost I want to know which one is a more reliable estimate.
Second, what would be the ARV compared to this price ? is there any ratio or formula relating the ARV and purchase price ?