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Updated almost 6 years ago on . Most recent reply

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Zachary Schimenz
63
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45
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Do you trust Redfin's Estimates?

Zachary Schimenz
Posted

Hey, I'm a new investor, currently analyzing a lot of deals (to buy and hold). I was wondering if the numbers on Redfin are fairly accurate, or do they just use a generic percentage across the US? There are two sections I'm referring to, one is the "Payment Calculator" area:

And the other is the "Taxes" under the "Property Details" section. Are these the real taxes on the property, or is Redfin estimating what the taxes would be?

Thanks a lot, I really appreciate any advice!

-Zach

Most Popular Reply

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3,758
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Kenneth Garrett
  • Investor
  • Florida Panhandle/Illinois
3,110
Votes |
3,758
Posts
Kenneth Garrett
  • Investor
  • Florida Panhandle/Illinois
Replied

@Zachary Schimenz

Don’t trust Redfin or Zillow values.  They are generally incorrect.  You need to conduct your own analysis.  Use sold comps, with similar style of house, square footage, bedrooms, baths, etc.

  • Kenneth Garrett
  • Loading replies...