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Reminder: Redfin estimates are weird and stressful and honestly stupid. Don’t worry about them.

Just a new homeowner here in the last year.

Wanted to post and say that I spent a lot of time using sites like Zillow and Redfin trying to find the best home to buy in the Bay Area where I wanted to live.

Then I spent 6 months tracking my estimates on these sites, wondering if I made a bad decision, etc. I dunno. Usual new homeowner concern I guess.

I saw my Redfin estimate had gone down by around 100k in 6 months (from 1.25 to 1.15) and it was stressing me out.

I started looking at comps in the area and realized these estimates must be garbage. A nearby home just sold for 1.35M with 50 more square feet and looks just as updated.

In fact, the neighbor two doors down that’s house and lot is almost a replica of mine is valued at +100k... they’re 200 feet from me and on the same street.

Just felt I should post a reminder for new home owners and would-be investors that these estimates are completely darts on the wall. In the general vicinity.... but something tells me me something is crazy goofy in their system.

submitted by /u/Acoconutting
[link] [comments]

source https://www.reddit.com/r/RealEstate/comments/e3c1qy/reminder_redfin_estimates_are_weird_and_stressful/
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