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Updated about 6 years ago on . Most recent reply
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Finding deals on Redfin or Zillow?
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.
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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.