Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Wholesaling
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 12 years ago, 01/08/2013

User Stats

505
Posts
34
Votes
Samantha M.
  • Landlord
  • Dallas, TX
34
Votes |
505
Posts

Explaining to New Investors Why "Comps" From Trulia & Zillow are Not Reliable

Samantha M.
  • Landlord
  • Dallas, TX
Posted

As the topic states, sometimes when I speak with individuals new to real estate they will often site Trulia and or zillow to pull comps.

Thats not for a general estimate mind you, but for actual comps for the subject property.

How do you explain that such sources are less reliable than the MLS? To my knowledge, trulia/zillow use some sort of algorithm that aggregates prices. In other words, its decent for a "ball park estimate" but for specific comps its no good.

Loading replies...