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Old 02-09-2018, 02:06 PM
 
66 posts, read 21,200 times
Reputation: 92

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How do u guys even get these numbers? my address doesnte ven show up lol
Maybe cause I have a coop apt?
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Old 02-09-2018, 03:49 PM
 
49 posts, read 21,161 times
Reputation: 46
Realtor.com....$855,900

Redfin.....$898,256

Remax....$715,268

Zillow....$861,455

I'm sure if I sold I would get more. Inside it's likely as nice if not nicer than others (based on looking at what's been for sale in the neighborhood). The outside is defiantly one of the nicest within 4-6 blocks. OK, done tooting my horn
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Old 04-29-2018, 11:50 AM
 
7,523 posts, read 9,926,800 times
Reputation: 11014
https://www.redfin.com/blog/2017/02/...-accuracy.html
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Old 08-12-2018, 08:16 AM
 
Location: Worcester MA
176 posts, read 74,082 times
Reputation: 378
Quote:
Originally Posted by Taffee72 View Post

As of 2/4/2018:

Realtor.com $127,700
Redfin $134,215
Re/Max $133,431
Zillow $131,454

As of 8/12/2018:

Realtor.com $125,300
Redfin $145,817
Re/Max $135,181
Zillow $137,315

Almost 1 year anniversary of home purchase! Realtor.com consistently shows the lowest appraisal and Redfin the highest.
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Old 08-13-2018, 11:36 AM
 
5,696 posts, read 3,000,671 times
Reputation: 7835
Realtor $324,500
Redfin $310,849
Re/Max $286,652
Zillow $338,924
Laughable eppraisal.com $973,544

Last month we had a formal appraisal for a home equity loan and it came back at $320. So Realtor.com was closest in our case.
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Old Yesterday, 11:45 PM
 
Location: D.C.
1,682 posts, read 1,453,119 times
Reputation: 2591
None of them are correct for mine, because the source they use for the size has it wrong too (county) - shhh, our little secret (I also have the lowest tax bill) ��

The original builder 18 years ago simply recorded the home as that basic model design. They didn’t submit actual sizes which included options and design tweaks.
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Old Today, 06:57 AM
 
9,732 posts, read 3,777,198 times
Reputation: 13660
It's going to differ for everyone. When I had my house appraised for refinance purposes, Zillow was spot on.
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Old Today, 06:58 AM
 
Location: Cary, NC
31,069 posts, read 54,349,724 times
Reputation: 29566
Quote:
Originally Posted by marino760 View Post
It's going to differ for everyone. When I had my house appraised for refinance purposes, Zillow was spot on.
They all use AVMbots and opaque algorithms, and whether it is Z or any other real estate lead-selling site, it is all in the luck of the draw, and the poor unwary consumer gets nailed with the errors.
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Old Today, 09:38 AM
 
Location: D.C.
1,682 posts, read 1,453,119 times
Reputation: 2591
Quote:
Originally Posted by MikeJaquish View Post
They all use AVMbots and opaque algorithms, and whether it is Z or any other real estate lead-selling site, it is all in the luck of the draw, and the poor unwary consumer gets nailed with the errors.


The system they all use is relatively flawed because it doesn't take into account unusual situations outside of foreclosures. My house is a perfect example - a fixer-upper that was recorded as such in the country records when I bought it 3 years ago (transaction recorded as a "changes after sale" instead of a "market sale"). To an appraiser, that notation would exclude my transaction from their comp set. But to the Zillow's, it doesn't know that, so my lowball transaction on their zestimate lowered everyone else who hasn't sold in a while. Same for the Realtor.com and Redfins out there.


My neighbor just had his house appraised last week and shared with me the number. Looking at Realtor.com's value for his home, it nearly matches. I told him I could counter the report with several comps in the area as of the past 90 days that would show another $200,000 in value if he wanted me to. The appraiser valued the home at $135PSF when comps reaching back the past 12 months have averaged $155. After giving him the info he needed, the appraiser corrected the report and apologized. He's doing a home equity line, and the number the appraiser came up with was the number the lender needed, not what the house was actually worth. I told him to tell both the lender and the appraiser that this type of activity is how licenses get put under review. Lender was trying to get his loan into the higher interest rate bracket for a higher LTV to make more money. I have a free case of beer from my neighbor!
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