How accurate is redfin estimate reddit

The Best Real Estate Advice Spotted on Reddit Could Save You Both Time and Money. Heather Bien is a Washington, D.C.-based freelance writer whose work has appeared on MyDomaine, The Knot, Martha Stewart Weddings, HelloGiggles, and more. You'll often find her making pitstops for roadside antique shops, drooling over original …

Current Redfin estimate is 514k. When I bought this home in December of 2019, both Zillow and Redfin had the same estimate of 379k. ... Redfin seemed more accurate when comparing the final sale price to what was estimated, at least on the homes I was looking at. ... Reddit . reReddit: Top posts of April 4, 2022.Redfin is more accurate when valuing homes. Both Zillow and Redfin give homes an approximate value, but the Zestimate provided by Zillow has proven slightly less accurate than Redfin’s estimate. Final numbers depend significantly on the local market and demand for a property in your particular location. So, an estimate truly is a …Zillow is notoriously known for being inaccurate. just doing a search of this sub for zillow will bring you tons of posts where the comments are full of how bad they are. These sites gather data and try to give an estimate of the value of the home based on their own algorithm. Most of the time it is way off, but occasionally it is accurate.Jan 1, 2022 · Current median price: $386,888. Range of Redfin’s off-market estimate: $353,267-$420,509. Range of Redfin’s on-market estimate: $375,204-$398,572. If it …(bridgeMLS, Bay East AOR, or Contra Costa AOR) Sold: 1 bed, 1 bath, 982 sq. ft. condo located at 1500 Park Ave #310, Emeryville, CA 94608 sold for $620,000 on Jul 31, 2023. MLS# 41031070. Welcome to Emeryville Warehouse Lofts, a distinguished l...This isn't necessarily a bad thing though, because you can get them to compete with each other on rates and lender credits. You just need to get a loan estimate to show another lender that they have to match this. Most will do their …A new wrinkle: realtor.com shows the 317400 estimate to would be buyers but when I claimed the home and looked at the homeowner page it says 324000 based on another of the three algorithms they use. They’re literally showing two different numbers based on whether you’re prospective buyer or seller.. so that’s fun. The problem I see with the Zillow estimate is it essentially defaults to the asking price. Example House listed at $500k Zillow estimate $490k but if you dig into their logic, tax model is $370k, off market is 366k, and using existing comps place it 350-370k. Heck a month prior to listing, the zestimate was 356k Redfin: $476k

Pretty mucht they use perdictive model based on historic rain fall and other source to forecast. Basically perdict rain fall due to climate change in 30 years. Do you think they can perdict with accuracy over that period? I would believe in redfin estimate before i trust flood factor. And saying it might in the future is just plain ignorant.There aren’t many products out there which can do any better than predict the price per sqft for the block. This includes Zillow and Redfin. I don’t know or any free software which does it better. The best way to track the value is monitor the sales in your neighborhood and discuss those sales with a realtor.Nov 28, 2022 · Websites like Zillow and Redfin want you to keep coming back and checking how much your home is worth — but that doesn’t mean it’s accurate. “Their goal is to get traffic to their site. The estimates are …Because Redfin is a brokerage and has access to direct MLS data, HOA dues are also included in the calculations. PMI insurance rates vary from 0.5% - 1% so we settled in the middle - 0.75%. Lastly, the team improved the accuracy after I left by including real-time mortgage rates.Pretty mucht they use perdictive model based on historic rain fall and other source to forecast. Basically perdict rain fall due to climate change in 30 years. Do you think they can perdict with accuracy over that period? I would believe in redfin estimate before i trust flood factor. And saying it might in the future is just plain ignorant.

Mar 26, 2019 · The Zillow estimate of the White House is: $423,167,047. Home features listed: 16 beds 35 baths 55,000 square feet. The Redfin estimate of the White House is: $33,648,915 (33 million) Feb 23, 2023 · 1. Zillow (and Trulia) home value estimator. Our rating: ★★★★☆. Zillow’s — and its sister site Trulia’s — Zestimate is the most popular online home value estimator and the best overall. We give it a four out of five-star rating — among the best in the business, but not perfect. ... Redfin Estimate. Why is FSBO Through Zillow Make Me Move a Bad Idea? While selling your home on your own through Zilllow Make Me Move may seem like a great ...According to Ron Legrand, a prominent real estate investor, the zestimate is usually lower than what houses tend to be worth and if you want to find a more accurate number you need to see what comparable properties sold for in the last month in the same area factored for $ per square ft. User_492006 • 2 yr. ago.

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When I bought my house, all sellers were getting way more than the Redfin estimates for their houses. I wasn't following Zillow. When I look now, I see the current redfin estimate for my house is 150k lower than the current zestimate. I'm not trying to sell at the moment or anything, just curious if the zillow might be accurate. When it comes to vehicle repairs, it can be difficult to know how long the job will take and how much it will cost. A car repair time estimator can help you get an accurate estimate of the time and cost of your repairs so that you can plan ...Redfin is one of the largest discount brokerage companies in the US. They offer sellers a 1.5% listing fee instead of the traditional 2.5% – 3% commission. Redfin also attracts buyers with their compelling rebates at closing. Redfin has another 1% listing fee alternative. If you sell and buy your home with a Redfin agent, you can avail of ...zillow or redfin more accurate zillow or redfin zillow or trulia New zillow or realtor.com zillow or apartments.com zillow or realtor.com more accurate zillow or apartments.com reddit zillow or redfin reddit New zillow or craigslist zillow or …(bridgeMLS, Bay East AOR, or Contra Costa AOR) Sold: 1 bed, 1 bath, 982 sq. ft. condo located at 1500 Park Ave #310, Emeryville, CA 94608 sold for $620,000 on Jul 31, 2023. MLS# 41031070. Welcome to Emeryville Warehouse Lofts, a distinguished l...Wanting to get this sub's thoughts on estimates of two of the titans of real estate listing. Our property in Orange County this last year had an estimate from zillow that was both 100k under redfin estimate and now 30k above redfin and it got me wondering why one is much more volatile than another. Thank you in advance!

The Redfin estimates are all based on the prices at which comparable homes were sold in the neighborhood. The estimates get revised as and when close by homes are sold. That's also data that real estate agents use to put in an offer. Infact as the previous poster rightly said, mostly the Redfin estimate is lower than the actual selling price. Zillow's "Zestimate" claims to be accurate to within 3.2% for on-the-market homes, using a proprietary formula based on public and user data. The Trulia Estimate is derived from the Zestimate ...Redfin’s Mortgage Calculator Is My Favorite. The Redfin mortgage calculator seems to be a solid choice; I found that it provided a more accurate estimate of taxes and insurance; And it pulls HOA dues from the property listing page into the calculator automatically; But it’s not perfect because they may lowball mortgage rates in some casesThe other major reason the Redfin Estimate is more accurate is the plummeting cost of cloud computing, which lets us periodically draw on far more processing power than we could ever afford to own. If you’re near an Oregon data center and see the lights flicker, that’s Redfin, comparing each of 40 million homes to a unique set of more …A home value estimator is an online estimate tool that you can use to get an instant estimate of your home’s sales price based on market conditions, public records, and more. Many listing services, such as Zillow, offer online estimate tools that can give you an idea of how much your home is worth. Ranges between estimates can vary, so it’s ...Neither; Redfin and Zillow are terrible with their estimates. Ask you realtor to run you comps for the most accurate info on housing prices. Diet_Water 2 yr. ago. It really depends. In an established neighborhood with lots of data points the estimates are remarkably accurate. Think places like SoCal.Home Estimate. Price your home right with Redfin technology See local buyer demand and get accurate pricing data for only a 1%-1.5% listing fee.Your most accurate home value estimator will be a realtor who can provide comps of your neighborhood and surrounding areas. None of those online estimators are accurate or reliable. All the online sites are inaccurate. They're just taking some numbers from recents sales, info on square footage, and running them through an algorithm.The discrepancy in irrationality is so wide that even the local realtor is merely trying to price it in using math similar to Redfin or Zillow. Only difference is, your realtor is computing that number only once while Redfin/Zillow is doing it daily which makes them seem more “inaccurate” than your realtor. 1.According to Ron Legrand, a prominent real estate investor, the zestimate is usually lower than what houses tend to be worth and if you want to find a more accurate number you need to see what comparable properties sold for in the last month in the same area factored for $ per square ft. User_492006 • 2 yr. ago.Jan 25, 2023 · Buyers can browse for sale listings on all three real estate websites. And like Zillow, Redfin also provides home value estimates. With a margin of error of 2.84% for homes on the market and 8.39% for off …

Find your home estimate and nearby house prices. Insight into property values and get the tools you need to help you manage your largest asset. ... Disclaimer: The information contained in any report and on our website is not necessarily 100% accurate, complete or up to date, nor a substitute for your own due diligence, especially concerning ...

Redfin estimate is not an accurate appraisal of a home. For example, I purchased a new build in a semi rural area and the estimate is all over the place. At one point it said my home was worth $1.5m. I paid $250k. I’m still not a millionaire. I certainly hope no one bases their purchase price on Redfin!Feb 17, 2021 · The Foundation's data addresses an asymmetry of information in the U.S., empowering Americans to protect themselves from increasing flood risk. The Foundation's previous research found a $15.9 ... According to Ron Legrand, a prominent real estate investor, the zestimate is usually lower than what houses tend to be worth and if you want to find a more accurate number you need to see what comparable properties sold for in the last month in the same area factored for $ per square ft. User_492006 • 2 yr. ago.Mar 26, 2019 · The Zillow estimate of the White House is: $423,167,047. Home features listed: 16 beds 35 baths 55,000 square feet. The Redfin estimate of the White House is: $33,648,915 (33 million) Unless agreed to in writing by Redfin, Redfin will only issue a refund to the person (s) and/or entity listed on the recorded deed which transfers ownership of the subject real property at the closing of a transaction, regardless of whether such person (s) and/or entity are the buyer. Subject to these limitations and where allowed, the Redfin ...This implies that your home's Redfin Estimate could be tens of thousands of dollars over the estimate. Based on Redfin's nationwide accuracy statistics, If your estimate is $299,000 and your home isn't available for sale, your estimated value will likely be between $272,987 to $325,013. However, it'll be within that range 50% of the time.If you're home is immaculate and objectively desirable then it's accurate otherwise it's going to be odd by a significant amount. Redfin is about 25% higher than my mortgage lender and 10% higher than Zillow. Interestingly enough my redfin initial cash now price was only about 10% more than my mortgage lenders price.Neither; Redfin and Zillow are terrible with their estimates. Ask you realtor to run you comps for the most accurate info on housing prices. Diet_Water 2 yr. ago. It really depends. In an established neighborhood with lots of data points the estimates are remarkably accurate. Think places like SoCal.Not too accurate in my area. The empty lot for sale next to me just sold for $770k. It gives my house an estimated value of $728k when it should realistically be around $1.0M-$1.3M. Redfin estimate: $728k Zillow estimate: $1.2MI looked at the house estimate online and its in the range of 860k - 980k (I looked at Zillow, realtor, and redfin). The owner is a sweet older couple, we met on Reddit. I basically wrote how frustrated I was with NJ market, how we kept losing to cash buyers or people that waived contingencies.

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Must read before buying or selling: Redfin. I was a big fan of disrupting the real estate industry. I think it’s archaic to spend 6% if a home price on real estate fees, especially with the internet. Most people find the home before the agent. I was a huge fan of Redfin and used them to buy my house a few years ago.Not gonna share my absolute numbers, but our appraisal came in at 100.3% of sale price, Zestimate is 102.3%, Redfin estimate is 102.8%. Redfin estimate was 106% of sale price before we bought, list price was 96.2%. I suspect all three are heavily biased to take recent sale price of the property into account. The highest home value estimate (Redfin) came in at $22,000 higher than HomeLight’s estimate. ... Only an experienced, local real estate agent or appraiser can provide you with an accurate home value estimate. About the author. Steve Nicastro is a real estate agent, investor, and personal finance writer based in South Carolina. During …Unfortunately, not all house value estimator sites provide the same values, so this guide will explore some of the best home estimator sites that you can rely on. BEST OVERALL: Zillow. RUNNER-UP ...I used to just go with the Redfin estimate. Now I average Redfin, Zillow, and my Mortgage company emails me an estimate quarterly. They are pretty different from each other and was wondering if I should just be conservative and take the lowest estimate. I realize that all of these appraisal estimates can be wildly inaccurate, but just wondering ...Suppose you are searching for properties to buy or rent. Is Trulia or Zillow the best choice? This article compares the two popular real estate websites to help you decide which is best for your needs.Are redfin estimates accurate? I casually browse Redfin under the “sold homes in the last 6 months” category just to see what homes look like within my price range. I’m seeing that homes sold about 4 or 5 months ago are now estimated to be 100 or 150k higher than what is was originally sold at, is the market really that crazy right now? According to an independent study of on-market homes, the Redfin Estimate is the most accurate among leading automated home-value tools (based on US data). We provide the most accurate value of a home for sale—more than twice as likely to be within 3% of the home's selling price as other top online home-value estimators. Like other estimates ...Thank you so much Reddit community! AUGUST 2 Update: I am incredibly grateful for all of the feedback, advice and suggestions from the professionals and amateurs alike. It really gave us a lot to think about and many of you made some amazing points and helped better equip us with some knowledge going forward.The Redfin estimates are all based on the prices at which comparable homes were sold in the neighborhood. The estimates get revised as and when close by homes are sold. That's also data that real estate agents use to put in an offer. Infact as the previous poster rightly said, mostly the Redfin estimate is lower than the actual selling price. I am closing on a house now after 2 years of looking/offering and can confirm what your agent told you; Redfin is much more accurate than Zillow. There were times when Zillow wouldn't even show that a house was for sale a week after it was actually listed. When it does show everything it's fine, but Redfin is as quick and detailed as anywhere ... ….

Not too accurate in my area. The empty lot for sale next to me just sold for $770k. It gives my house an estimated value of $728k when it should realistically be around $1.0M-$1.3M. Redfin estimate: $728k Zillow estimate: $1.2MApr 21, 2021 · Zillow and Redfin offer some transparency by publishing regular accuracy reports. Matt Francis/Open Door Productions This Tacoma, Washington, home had a Zestimate of $658,000. Realtor.com is more accurate than Zillow in my area. Appraisal 163K, Realtor.com $163,909, Zillow $146,454. But do your research and look at comps. 5. discoveri • 7 yr. ago. My neighborhood is the opposite with realtor.com being way off base.If you're home is immaculate and objectively desirable then it's accurate otherwise it's going to be odd by a significant amount. Redfin is about 25% higher than my mortgage lender and 10% higher than Zillow. Interestingly enough my redfin initial cash now price was only about 10% more than my mortgage lenders price. Each Sunday through Thursday between Oct. 19 and Nov. 30, 2016, for the 194 census-defined U.S. metropolitan areas where Redfin has listing and estimate data, Redfin sent SSRS a file including all ...Realtor.com is more accurate than Zillow in my area. Appraisal 163K, Realtor.com $163,909, Zillow $146,454. But do your research and look at comps. 5. discoveri • 7 yr. ago. My neighborhood is the opposite with realtor.com being way off base.Just an FYI, Redfin has been consistently estimating about 80k lower than sale price in my area, MCOL Northern CA. Redfin estimate is trash. Zestimate is actually pretty close, as it pretty much takes the current for sale price and adds …That's understandable. But Zillow/Redfin/etc are not creating the data. They're getting it from publicly available tax assessment records. And no doubt there are also many inaccuracies with the number of beds/baths, the lot size, types of utilities, etc. Seems odd that square footage was singled out. How accurate is redfin estimate reddit, Redfin estimates though, always being so high, I think that’s a way to bait customers into using their platform vs a competitor. Because if Zillow says your house is worth $400k and Redfin says your house is worth $475k, chances are you’re going to favor the latter regardless of how little real world impact that number has., MLS ID #10476454. $255,000. 3 bds2 ba1,555 sqft House for sale. 100 Monroe St, Boydton, VA 23917. $1,167,000. 5 bds6 ba4,622 sqft New construction. 4 Ferry Landing Dr, Boydton, VA 23917. MLS ID #10478056. Skip to the beginning of the carousel., We are currently paying PMI on our mortgage. I recently noticed that the value estimate for our home increased on Zillow. When we purchased our home in 2017 our home was appraised at 108k, now Zillow says the value for our home is 135k. Since 2017 a Walmart neighborhood market was built less than a mile from our house and some other shopping ..., Their proprietary algorithm takes this information and comes up with what Zillow considers an accurate estimate of a home’s most likely selling price. The idea behind Zestimate is simple. It’s there to help home sellers determine a value for their home as well as to help buyers understand whether or not the home they’re considering buying ..., Zillow vs. Redfin: Home Valuation Confusion : r/homeowners. My wife and I bought our house last year from my in laws. Before the sale, Zillow and Redfin both had the home worth around $620,000 and that was solidified when the home was appraised by the bank for $634,000. My in-laws sold us the house for much less than it was worth, $467,000 and ... , Because Redfin is a brokerage and has access to direct MLS data, HOA dues are also included in the calculations. PMI insurance rates vary from 0.5% - 1% so we settled in the middle - 0.75%. Lastly, the team improved the accuracy after I left by including real-time mortgage rates. , 8 Agu 2023 ... Are Redfin Estimates Accurate? Redfin's estimates aren't perfect ... The comments from users on Reddit who used Redfin to sell their homes were ..., redfin will show an HOA fee of $400 while zillow shows $100 so thats why. HOA fees are not set in stone. They will vary from property to property, and may increase over time. You may also be hit with assessments that the calculators will have no knowledge of. , ... estimate of your monthly mortgage payment, it will already include the HOA dues. How Can I Get a More Accurate Mortgage Estimate? Redfin's mortgage estimate ..., Unless agreed to in writing by Redfin, Redfin will only issue a refund to the person (s) and/or entity listed on the recorded deed which transfers ownership of the subject real property at the closing of a transaction, regardless of whether such person (s) and/or entity are the buyer. Subject to these limitations and where allowed, the Redfin ... , ... Redfin Estimate. Why is FSBO Through Zillow Make Me Move a Bad Idea? While selling your home on your own through Zilllow Make Me Move may seem like a great ..., Redfin gave 3801 Jackson just south of the Presidio Wall a valuation of $9,132,710 before it came to market; it sold on MLS for $5,700,000. Zillow was a lot closer on that one, giving it a ..., Prior. I have a spreadsheet that tracks my neighborhood's home values using all the home price estimators (Zillow, Redfin, Trulia, Realtor.com, Movoto, etc). Zillow has been the most accurate based on what homes are selling for, but an average of all the estimates from the sources listed above yields an even higher accuracy., Because Redfin is a brokerage and has access to direct MLS data, HOA dues are also included in the calculations. PMI insurance rates vary from 0.5% - 1% so we settled in the middle - 0.75%. Lastly, the team improved the accuracy after I left by including real-time mortgage rates., Redfin touts extreme accuracy based on a single independent study, which shows that Redfin Estimates have a median error rate of 1.77% for listed homes and 6.66% for off-market homes. That sounds great! It's also significantly better than Zillow, who has famously been sued (unsuccessfully) for how far off their "Zestimate" estimates are., I looked at the house estimate online and its in the range of 860k - 980k (I looked at Zillow, realtor, and redfin). The owner is a sweet older couple, we met on Reddit. I basically wrote how frustrated I was with NJ market, how we kept losing to cash buyers or people that waived contingencies., 23 Mar 2022 ... Credit: www.reddit.com. To report a ... If you're purchasing a home, it's a good idea to look at both Zillow's and Redfin's estimates of accuracy., The only difference is that Trulia does not provide estimates for properties that are currently on the market. Like other home value estimator tools, Zillow and Trulia's estimates are useful for getting a general idea of your home's worth — but they might not be completely accurate. We recommend getting multiple quotes from different home ..., , According to an independent study of on-market homes, the Redfin Estimate is the most accurate among leading automated home-value tools (based on US data). We provide the most accurate value of a home for sale—more than twice as likely to be within 3% of the home's selling price as other top online home-value estimators. Like other estimates ... , Redfin: Redfin is another online real estate database that uses data from public records, MLS listings, and user-submitted information to estimate home values. Local real estate agents: Real estate agents have a deep understanding of the local housing market and can provide more personalized and accurate home value estimates., 8 Agu 2023 ... Are Redfin Estimates Accurate? Redfin's estimates aren't perfect ... The comments from users on Reddit who used Redfin to sell their homes were ..., Mar 30, 2023 · Redfin: Zillow: Estimate accuracy within 20% of sale price ~98% ~98%: Estimate accuracy within 5% of sale price: 74%: 67%: Verdict: Home value estimates are never set in stone, but they can be ... , Feb 2, 2017 · When the home sold and its sale price was published, SSRS then compared the estimated values with the actual sales price. 6,338 had closed by November 30. 5,661, or 89 percent of the closed sales, had home-value estimates from both Zillow and Redfin. 5,074, or 80 percent, had home-value estimates from both Homes.com and Redfin. , Redfin estimates though, always being so high, I think that’s a way to bait customers into using their platform vs a competitor. Because if Zillow says your house is worth $400k and Redfin says your house is worth $475k, chances are you’re going to favor the latter regardless of how little real world impact that number has. , If you're in the market for a new home, you've likely come across a few real estate websites, like Zillow or Redfin -- two of the most renowned real estate listing platforms available today. Both Zillow and Redfin allow you to search for houses according to specific criteria, like sales price and location. You can access a database of listings from the comfort of your home instead of visiting ..., 28 Apr 2021 ... ... accurate home valuation in Canada ... For comparison purposes, Zillow's Zestimate has a median error rate of 1.9% and Redfin's Estimate is 2.19%., If you're logged in already, zillow will just update an entry in a database that says you viewed it, and then increment the view count by 1. Whenever you view the house again, the view count will not increment since zillow checks if you've viewed it or not. If you aren't logged in, there's probably a couple of different ways they do it:, Redfin launched a new estimator tool today, which the company says uses an unprecedented amount of data in order to deliver the industry's most accurate. ... Share Tweet Share Reddit Email., Long story short, yes you can and should shop around! This information should be able to be provided in a pre-approval phase. Of course the exact numbers won't be spot on, but they should at least be able to provide you with a rough estimate. Your lender should be able to accommodate that request if you ask. 6., Real estate websites like Zillow and Redfin are a great resource for home buyers or homeowners looking to get an idea of the value of a home they are interested in buying or refinancing. Like any free tools, Zillow and Redfin’s valuation estimate tools are not 100% reliable., Here are some advantages of choosing Redfin: Buyer Rebate – 0.5%: Clients who sell and buy with Redfin within one year get a rebate of 0.5% in the second transaction. However, this offer is available with the Full Service Plan. Advanced Technology: Redfin is primarily known for its state-of-the-art technology and mobile …, There is about a 10% spread between Realtor and the Zillow and Redfin estimates. I’d guess the Zillow and Redfin estimates are more accurate if not slightly high but they are definite in the ballpark. Both Redfin and Zillow are about 2.5% over what I closed at a month ago.