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Updated about 4 years ago on . Most recent reply

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Leland Dorchester
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Accuracy of sites like Zillow and Redfin

Posted

Hello,

I'm interested in getting started with investing in real estate and I'm curious about the accuracy of sites like redfin or zillow - Particularly the info which shows the estimated annual principal, interest, and taxes. I'm asking because I'm curious of ways that I can look at the cost/benefit of owning rentals while I do a little reading/research about investing in real estate to get started.

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Basit Siddiqi
  • Accountant
  • New York, NY
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Basit Siddiqi
  • Accountant
  • New York, NY
Replied

@Leland Dorchester

Taxes can be levied by the county, city and school.
I would doubt that Zillow is getting the figure correct for each property.

I would use the Zillow figure as a rough estimate and go to the county assessor website to confirm if you are close to making an offer on the house.

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Basit Siddiqi CPA
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