All About Long Island

With Zillow sitting in water hot enough to reach a rolling boil, another online appraisal service breaks the surface of the market in its beta stage.  If one of Zillow’s problems was offering a finite price in their determination of value, Eppraisal with its huge range could be just as problematic.  Zestimates were found to be so far off in many cases as to be worthless to a naive public.  Eppraisal, on the other hand, based upon some observations on a very local level, is indeed in the ballpark when it comes to suggested valuations, but the ballpark is Yankee Stadium.  It’s a little like trying to buy clothing for a woman, being told she’s somewhere in the range of 6 to 16.  What size would you buy? 

One of the big differences I see is Eppraisal’s offer of some information with an orientation of connecting the consumer with real estate professionals should a real life transaction loom somewhere in the foreseeable future.  I’m interested to see where their business model takes them — and us.