question on online comps

[chrisfrmphx]

What is the diffrence between free comp sites like yahoo home values and zillow compaired to realquest and other sites that charge a monthly fee? I have an app on my phone called real estate droid that I can enter any address and I get the value along with a link to zillow with the home discription and 4 diffrent comps. My question is, do the pay sites provide more accurate information or is it all the same. Thanks   

[rockfordlandlord]

Forget on-line comps. No bank is going to buy it. The problem we have nationally is nobody knows what things are worth. I follow property in IL, TX and S.W. FL. The on-line comps never work because its changing so fast. I check what a near by property closed for within the last 2-3 months thats it, see if it matches the Zillow, never does.

[DemosL]

In my neck of the woods in Northern Virginia, Zillow's estimates are overstated a lot. However, they have good comps for recently sold properties. If you just look at properties within 1/4 mile of the subject property that sold in the last 3 months, you'll have some good info. Along with that, you should check sold data from you local tax assessor's office.

[chrisfrmphx]

Thanks

[AnDinvstrs]

What about realquest comps?  Are they close to the actual sale prices from the mls or are they just like zillow comps?