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Hello RSM coworkers! I am thrilled to be moving to RSM into a Scheduler roll. I just found out yesterday and want to be as prepared as possible in the next steps.
So here are my questions.
How long does the background study take? I'm guessing admin staff have a study that is faster and less complicated than someone in Tax ect.
When training at home what did you need that wasn't supplied by RSM? My home office is well stocked but I want to be as prepared as possible.
Thanks in advance!
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Zillow is almost always lower than Redfin. He might have that backwards.
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Like everything in real estate, it depends on the specific location. Take an average of Zillow, Redfin, and another site of your choosing to get a rough estimate.
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Could be 10% to 20% too high or too low.
A better way to estimate is to look at comps within 1/4 mile to 1/2 mile that have sold in the last 6 months. The more similar, the better!
What’s the purpose of wanting to know what your home is worth? Tracking net worth? Contemplating a refi or HELOC? Vanity?
Everything is local. I live in a vacation area with a lake and values differ greatly from one area to the next. Redfin, Zillow are not good at making the necessary adjustments to account for differences in land value, lot attributes and other architectural elements. They're much better where they have simple, similar real estate to compare (postage stamp lots, similar condos, a lot of volume, etc).
Zillow shut down their own "offers" division that relied on their own data. They lost money (in an upward trending market, which is hard to do) because they were routinely too far off.
I still think a good Realtor brings great value throughout the process (not just valuation). My advice is to interview several realtors and find one that is business minded, data driven and specializes specifically in your area (that's important).
Depends on location. Some areas the zestimate undervalues (I.e. desirable HCOL), some areas it overvalued.
I just did Zillow and then had a realtor come tour and tell me what she would list at and the numbers were almost the same with in around two grand so I would say it’s accurate.
For what purpose? I use Zillow for estimating my net worth as it is close enough to reasonably approximate market movements and I am not going to run comps on each property every time I run my NW. If I was selling something, I would consult realtors and look at comps as Zillow is not close enough to set pricing.
Great reply. Yes net worth or selling.
Why aren’t you using a relator? They can pull comparisons in your area and you can apply the best price. They also help factor in how long you want to sit on the market. This is risky time to buy and sell homes
I’ve heard that Zillow estimates are about 20% high and that Redfin offers more reliable estimates.
Zillow sometimes shows u the comps its relying on for the zestimate. They can be wildly different.
Zillow is definitely lower in my town.
Zillow isn’t accurate. My house borders the inner city next door, and Zillow pulls houses from there for comps, so our zestimate is probably 20% too low.
Appraisal is closer.