Zillow vs Redfin vs Realtor

Apple
younglad

Go to company page Apple

younglad
Jan 11, 2020 15 Comments

Which one of these three provides the most accurate home price estimate about the listed homes? Each of them seems to have a different price estimate but same listing price. Also their monthly payment calculations are different despite the same listing price.

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 TOP 15 Comments
  • Realtor, by a mile. I'm all for tech but until redfin can see inside a house, review comps from a human perspective and literally smell the air or feel the sun; don't trust redfin or zillow, at all. There's a reason they have huge payouts if you can improve the algorithm!
    Jan 12, 2020 0
  • Redfin
    TreeFity

    Go to company page Redfin

    TreeFity
    No algo can accurately forecast a deal price or estimate. Just using hardwood floor as an example, the price difference per sqft between a cheap one and a good one can easily go $10/sqft. And hardwood floor is not the only thing that could create a difference between each house, building material, backyard shape, etc can all make huge difference. All these things, you can not just build a model from the very limited MLS information and/or the photo provided by the listing agent, you have to see the house in person to tell.

    That's why algo can only do the 80-90% work and you will need to work with a local agant to do the last mile fine tuning of your offer price. And that's also why Redfin has our own full-time agents to work with you :)
    Jan 12, 2020 3
    • Redfin
      TreeFity

      Go to company page Redfin

      TreeFity
      You should interview your Redfin agent just like any other agents and ask to be assigned another agent if you don't like the current one. With thousands of agents out there, the experience can be hit or miss. Do your own DD :)
      Jan 13, 2020
    • Walmart
      QTFP86

      Go to company page Walmart

      QTFP86
      Fine. But why is Redfin estimates are always way off the ground reality? is my question. Is it like Redfin is trying to inflate the market while market is slow and low?
      Jan 13, 2020
  • Walmart
    QTFP86

    Go to company page Walmart

    QTFP86
    All three have got offsets. If you wants to know, ask your buyer agent, what is “comps” process?. You too follow the same methodology in doing guess work based on sale prices in same neighborhood for last 30-90 days.
    Jan 12, 2020 0
  • Amazon
    newuname

    Go to company page Amazon

    newuname
    None.
    Jan 13, 2020 1

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