Redfin Vs Zillow Estimate

Apple
apple7656

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apple7656
Jun 29, 2019 21 Comments

Which site to follow for estimate of house prices in south San Jose.

I find more than 100k estimate differences in house price estimate on both sites either way +/-

TC 350k

21

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 TOP 21 Comments
  • Google
    PersonR

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    PersonR
    Don't trust those estimates. None of the estimates are accurate. Redfin estimate is lie. As soon as property is listed estimate is reset to be close to the list price. If property is not sold quick enough it will start falling. And that's fine except they adjust _all_ the estimate history along with an estimate to conveniently show growth chart ending precisely at current estimate value.
    Jun 29, 2019 1
  • Redfin estimate is a lie. Redfin lies that their estimate is the most accurate.
    They adjust price ones the house is listed, if house sits they adjust down, they adjust history and trends even after the fact, for the past history. Then claim that it is the most accurate when it is actually a piece of cr*p.

    I bought the house for 800k when the estimate was a little bit higher. One year later they adjusted past history estimate to 760k, now the adjusted estimate for the same date to 710k. Looks like some idiot (me) bought the house for 800k when the estimate at that time was 710k. But the estimate at that time was 820k.
    Jun 29, 2019 2
    • Apple
      apple7656

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      apple7656
      OP
      Yes I observe this which very idiotic... why they hell curve need to fit back and manipulate to past values.. but indeed people are making offer based on these estimate and that is frustrating.
      Jun 29, 2019
    • Google / Eng
      imp0st3r

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       imp0st3r
      This happened for my property as well. The historical estimate curve is useless.
      Jun 29, 2019
  • Yelp
    BDkP87

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    BDkP87
    Redfin is more accurate
    Jun 29, 2019 0
  • Netflix
    nflxeng

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    nflxeng
    Take the average mean and median of price/sq ft for houses nearby. You will get fair idea. Then decide what you wanna pay.

    Redfin sucks for their behavior but is sadly most accurate price you will end up paying in sellers market. Any website that shows one price instead of range has something to sell and make money of you.
    Jun 29, 2019 2
  • eBay
    uggsuggsj

    Go to company page eBay

    uggsuggsj
    In the bay area, I find Zillow to be closer to a house's reasonable cost. But, sellers expect it to go for the redfin estimate which I think is ridiculous.
    Jun 30, 2019 1
    • Apple
      apple7656

      Go to company page Apple

      apple7656
      OP
      So seller is following redfin while buyer wish it to be Zillow ... do people really winning offer made based on Zillow ... or based on more conservative estimate
      Jun 30, 2019