I had never heard of Cyberhomes so I checked it out. It seems less accurate in my case then Zillow, if that's possible. While Zillow has finally got the correct square footage on my home (adjusted on my county tax web site this past spring), Cyberhomes has the inaccurate square footage that Zillow used to have. Cyberhomes also has the incorrect year built. I don't think that Zillow has an accurate estimate of value, but Cyberhomes is even further off base because they're basing the sales price on incorrect square footage. The actual sales price would probably be somewhere in between the two numbers in my instance (there's a 40k difference in pricing). I checked out other homes in the area on Cyberhomes and again, they seem really off base from what I've seen in my area. I wonder how old the information is and how often it's updated.

Cordovamom~ In my case, the home information was accurate on both sites but there's difference in value of over 50K! I assume it's a difference in what they are using for comps. When I look at the "comparables" on Zillow it brings up a whole slew of homes that may be surrounding me (my zip code?) but not all of them I would consider a comp. In fact most of them aren't true comps at all. There were homes half my sq footage, and homes double. Cyberhomes shows my comps as 4 bedrooms, same as mine, and and the sq footage being within about 100 sq ft below and above mine. In my general area (again zip code I assume) It does list the average sales price of my comps being about 293K but gives mine a value of 315K. Zillow says 267,500.

I am compliling a list of potential homes to view and I looked them up on both sites last night. There were some variences but are closer in value between the sites than mine is. Not all of them are close to the asking prices tho, which makes me wonder if they are way over priced or if these sites are way off base.

Also, on my home, Zillow has a "value range" of 232,725 to 280,875 with a 30 day change at a 6K loss. Cyberhomes has a "estimate range" of 283,561 to 362,328 with a 30 day change of +7054. While I don't see anyone buying my home for the high end of Cyberhomes estimate, I believe the low end of Zillows is just as far off base. We started out 8mths ago at 347K and are now listed at 318K

??

IME Zillow has been horribly optimistic from the get-go. Looks great if you're a seller -- until you realized that their algorithm or comps or whatever were from some other planet. And I don't think many organizations at all have figured out what to do about the precipitous slide in home prices, especially the effects of foreclosed/lender-mediated sales -- typically far lower than similar properties which are still "solvent".

Hi janjan212 - In regards to Cyberhomes, the data you see on the site comes from many sources including ownership, sales and mortgage records. Since you are watching your value, I suggest you take a look at the following article and make any needed adjustments.

@cordovamom we add over 575,000 new records monthly, plus each property is updated every 30-days. Look on the property page for the refresh date.

Hope this helps!
Reggie from Cyberhomes

Here is a link that might be useful: Getting The Correct Estimate