I have a stack of things I want to post here at Cashtalk, but I've been quite busy with other commitments. One of the oldest that has been staring me in the face from the cover of "Fortune."
The story is about a neat program that I had looked at a couple of months ago called Zillow. Not only can you search for homes that are for sale, but it offers some unconventional tools as well.
Zillow allows you to virtually look at houses in your area and find out their "zestimate." This is an estimated price based on surrounding sales and closures on houses. You can see what your house is worth, or what price the people you know may have paid for their home or could sell their home for.
There is also an interesting feature called "make me move," which allows you to post the amount you would accept for your house today even though it isn't technically for sale.
You can upload your own data to improve the database. According to the article I read, most of the East and West coast are populated with zestimates. The Midwest and South are slowly catching up, but there isn't as much of a real estate craze there to drive the demand.
Check it out and let me know what you think.
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