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Updated about 7 years ago,
Using Zillow To Estimate Property Value
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!