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Losing your Zest for life? Maybe you need to give yourself a frank eppraisal . . .

The folks behind the RealtyThoughts weblog today launch eppraisal.com, a Zillow-like Automated Valuation Method promising results for 70,000,000 homes. The site is wicked clean, but it wasn’t wicked fast — but I’m willing to cut ‘em a break on the assumption that they’re seeing a lot of first-day traffic.

Differences from Zillow:

  • Runs on Safari
  • No ads
  • Looks like the business model will be lead generation
  • Produces a range of values instead of a dubious Dr. Science Zestimate
  • Likes my house better than Zillow does

The eppraisalites (sounds biblical, don’t it?) will be in New Orleans signing up Realtors for the lead generation part of the product.

Give it a try. Same elaborate promises, but without the troublesome lawsuits…

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  • 11 comments

    11 Comments so far

    1. Erik October 31st, 2006 6:29 pm

      Hey Greg, thanks for the write-up. We are having some server issues – I’m beginning to think it’s just a trendy thing to do upon launch of a new app. :) Hopefully we’ll have that figured out for next week’s full launch at NAR.

      “eppraisalite” sounds like I’m a zealot…

    2. CJ, Broker in L A, CA October 31st, 2006 7:29 pm

      Erik, I would like to play around with eppraisal some more. But I really hesitate to fill in information on a registration form. If I do, you’re not going to sell me off as a “lead”, are you? I don’t want to receive emails or phone calls from some pesty salesperson.

    3. Athol Kay October 31st, 2006 7:35 pm

      LOL. I’m sure Appraisers are just *loving* the name of it. I call lawsuit/legal issues within 6 months on the naming issue.

      Tried it and it just returned “Unable to Return Value” on my current house. Gave a $207,000-280,000 range on my old house which went for $203,000 a few months back.

      Zillow does my old house at $210,000, and my current house at $597,000. Which I’m sure you agree is just a tad over the $287,000 we brought it at.

      Seeing valuing a house is seeingly beyond human programming skills, I’m starting to lose faith that robots will become self aware and enslave us

    4. [...] 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. [...]

    5. Erik November 1st, 2006 6:38 am

      @CJ, Feel free to play around with it. When we do institute our “virtual handshake” with a certified real estate professional, it will be an assignment to only one. This won’t start happening until after NAR next week anyway. Also, you don’t have to do business with them, and professionals who we receive an inordinate amount of complaints about will be dropped from our system.

    6. Dave Barnes November 1st, 2006 6:44 am

      Better than Zillow on the estimate for my house.
      But, how useful is a range of 577K$ to 771K$?
      But, 5 of 6 comps are from the wrong side of the street. We live in a neighborhood with a large difference between prices on one side of University blvd and the other.
      Easy to use.
      But, I still would pay a human to do a real appraisal as I feel their report would be more accurate.

      ,dave

    7. REBlogGirl November 1st, 2006 7:26 am

      Greg, thanks for this write up. Loving this site. You’re right, not “wicked” fast just it is “wicked” cool. I’m in Boston today, so your lingo just feels right! I am waiting with anticipation to see what these guys do with this and will definitely introduce myself in New Orleans…

    8. Erik November 1st, 2006 9:19 am

      Dave, we’re hoping you’ll use a real estate agent or a professional appraiser to get the full report on your house as well. That’s our whole business model in a nutshell.

    9. Galen November 1st, 2006 5:32 pm

      The need to log in to get any details is sort of annoying. The comparison is unfair (it’s a very nice site), but is it a kinder, prettier and more informative HouseValues?

    10. [...] Losing Your Zest for Life? Maybe You Need to Give Yourself a Frank Eppraisal… (by Bloodhound Blog) [...]

    11. Lee Ovington November 8th, 2006 8:10 am

      Looks like Eppraisal has learned some lesson from Zillow.

      http://valuation411.blogspot.com/2006/11/eppraisal-younger-wiser-mouse.html

      Lee