Using Zillow To Estimate Property Value

2 Replies

Hi folks,

Wondering what everyone's thoughts are on using Zillow, Redfin, etc. as a primary tool when estimating a property's value. I've heard that the Zestimate and other things can often be a bit inaccurate, but overall it seems like Zillow is a pretty excellent one-stop shop to find out the majority of what you need to know about a property - comps, property taxes, previous sale prices, etc. Basically, enough to find out if it's worth further investigation. 

To me, it seems like a reasonable strategy to use the MLS to get quicker leads on a property and then just check out the address on Zillow to get an idea if it's a good deal.

Thanks for sharing your thoughts!

I use Zillow as I do my comparables. However I verify the information with the local assessors database. I have seen Zillow differ from the assessors records in regards to sold prices. I don't have MLS access, so this is the best I can do.

@Brian Pulaski I also don't have MLS access but have been set up with a daily email subscription of properties that fit my criteria. So I've been looking at any interesting properties from that list on Zillow to get more info.

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