All Forum Posts by: Vera Shokina

Quote from @Rick Albert:

Neither, you need to dig into each sale yourself. The problem is these are automated values that don't factor things in like views, condition, or even if one block of homes sells for more or less than another. 

Thank you Rick and it makes sense.  I was curious if any of these companies have a better algorithm factoring these nuances.  The algorithms are different but consistent. Zillow always gives higher price than Redfin, irrespective of the neighborliness and condition of the house.

 Interesting...  I thought this is exactly what these sites are for -  look at the sold comps, factor in different parameters and come to the best value.  I will probably continue to use Redfin (as the most conservative of three) for initial analysis. I need to use something as a starting point even if further due dil will lead to a different price.

Quote from @Chris Seveney:

Quote from @Vera Shokina:

What do you find as the best data source for house prices?  I notice significant difference (up to 20%) for the same property on Zillow, Redfin and Homes.com.  Zillow consistently shows prices much higher than Redfin, for example.  Which site is the most accurate to estimate the fair value of the house based on your experience?

I would never rely on either. Look for sold comps in that area and condition of those properties to determine best value. I have a house in my neighorhood that is off by around $1M+ from both these sites.

What do you find as the best data source for house prices?  I notice significant difference (up to 20%) for the same property on Zillow, Redfin and Homes.com.  Zillow consistently shows prices much higher than Redfin, for example.  Which site is the most accurate to estimate the fair value of the house based on your experience?