Finding deals on Redfin or Zillow?

Question

So I'm using Redfin and Zillow to look at Duplexes in and around my hometown of Hesperia, California as I want to start out by house hacking. From a buying standpoint, how do I know if what I'm looking at is worth the list price? (I would of course make a lower offer)

I could go there and check it out, but I have no experience in being able to tell what a property is worth.

I'm considering calling the listing agent, but I feel like he/she would have more incentive to deceive me in some way.

Apologies for the noon question, I'm reading the BP book currently on rental properties. I just need to learn how to spot of a property is overpriced or if it's a good deal. I realize this probably comes through experience. I really want to take my first step though and I don't want to meet financial ruin on my first step.

Seth Williams · Answer

@Corey Samuelson as an agent, I deal with this a lot. So many people start their search online, but arent ready to buy yet. Often, those postings of homes for sale are no longer offered, so, my advice would be to get with an agent who can align with your investment goals and work with you. They are always worth the $, and since you are buying, the agency fee is paid by the sellers. Dual agency ( calling the list agent and having them help you, and their REAL client ) is illegal in many states, and gets sticky. Just my opinion.

Chuck Mader · Answer

@Corey Samuelson

Make an appointment with Redfin. The associate agents actually get paid per show so they want to show as many as you want.

Work with the Redfin agent to get the proper values (and do your homework, research solds, etc).

The listing agents loyalty is to the seller.

Hai Loc · Answer

Zillow for sale by owner is golden..

Aaron K. · Answer

You should evaluate the returns on all of the properties, know what you can afford and after evaluating enough properties you should have a good idea of what is a good deal for your area.

Bjorn Ahlblad · Answer

@Corey Samuelson if you are looking at properties listed on the MLS I would suggest working with a buyer's agent and have him/her do a lot of leg work for you. Generally I will pick the properties and have my agent find out information, not in the listing, that I consider significant. I have been using the same person for long enough that she knows exactly what facts to ferret out and she acts as my resource throughout the entire process.

Finding deals on Redfin or Zillow?

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