How to figure out home market value using Redfin zillow realtor etc? bay area

Cisco
Peanutssss

Go to company page Cisco

Peanutssss
Mar 27, 2021 52 Comments

We are trying to put an offer in a house. List price is $900k. We checked redfin estimate that says $900k. Realtor app says $870k to $967k. Zillow estimates $985k
My realtor said it will go for $1.2m. Who do I trust?

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TOP 52 Comments
  • Uber
    hfHH16

    Go to company page Uber

    hfHH16
    Realtor is probably right. But if it’s your first house bid you probably don’t believe him. Try failing a few bids and you will know the market.
    Mar 27, 2021 4
    • More like don't trust him if this is your first bid. Realtor sure knows the range you can win, but his interest is in getting you to win *for sure*
      Mar 27, 2021
    • Agreed. But then is it worth it? Do your research, home buying is a long process, don't be lazy and make crazy bids for everything. Eventually it will be your turn, don't low ball it, kr you will never win. Just do what's comfortable for you
      Mar 28, 2021
  • Google
    NeverPipd

    Go to company page Google

    NeverPipd
    This is the right way:
    1. Take redfin values
    2. Throw them in the trash, as they are useless.
    3. Dont listen to the realtor and bid less than what she/he says. Because of course you know better.
    4. Lose the house.
    5. Dont learn your lesson.
    6. Repeat.
    Mar 28, 2021 0
  • Realtor at times push buyer for submitting high offers to close the deal and get their paycheck. So you should do your own due diligence . Can you post address/Redfin link so people can give analysis
    Mar 27, 2021 0
  • After bidding for several houses you will learn to estimate the right price.
    Mar 27, 2021 2
    • Google
      oWBq67

      Go to company page Google

      oWBq67
      This is the way. Don't get super attached to any home and learn as you go. You'll get a better feel. Your realtor is probably a little high due to his own baise/incentives, but not by much.
      Mar 28, 2021
    • Google
      NeverPipd

      Go to company page Google

      NeverPipd
      The only thing that one 'learns' after bidding for a few houses is how there is nothing there to learn and how one needs to just keep bidding 200k-400k higher than the asking price. People start off by bidding 200k+ more and then eventually succumb to the market and then start bidding 400k+ more.
      Mar 28, 2021
  • Sometimes zillow and other sites are behind in terms of comp and estimate. Don't trust the agent alone. Make an offer that you are comfortable with and fair. Don't let emotions cloud your judgement. Especially the first home and the feeling to gotta have something will make dome people make an extremely high offer for something
    Mar 27, 2021 0