Based on experience what is more accurate for home value? Zillow or Redfin? Zillow always seems higher but has it been close to accurate?

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It depends on how accurate your listing is. The more accurate it is, the better Redfin is. Zillow seems to always be high, but Redfin will also trend high if your listing doesn’t represent actual condition.

Also, neither seems to account for markets with a glutton of supply. Homes wont sell for list price in those areas, so you have to expect 10% to 15% less if you actually want to sell.

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They both aggregate sales and listing information… so your zip code, BR/BA/SqFt combo, to give you an idea of a sale price… it’s nothing fancy… you won’t get an accurate read until you have it evaluated by a realtor…

But people tend to believe that their house is better than everyone else’s… and there’s also a lot of wasted money… for example, I have a client who spent $150K on a kitchen remodel… it’s a beautiful kitchen, don’t get me wrong, but when their realtor friend told them that it likely only impacted the homes value by $75K-$100K, they were outraged and insulted…

I have another client that imported a front door from Sicily… awesome, it cost $20K landed… a house has to have a front door, so it realized no additional value…

You need to know when it’s just enough to make buyers want to buy, but not too much more or too much less… the best thing to do is to have a realtor come, tell you what to have done, and how much to spend… they’ll do it because they have skin in the game…

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I thought Redfin was higher because they actually sell homes?!

Redfin is more accurate because they use legitimate sales data. Zillow is typically out of date.

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