3 ms·
Zillow isn't accurate for Austin. Using two identical homes in my neighborhood about 3 doors apart from each other, mine / neighbors. Zillow - $387,546 / $384
by dbg31415 10y ago
Zillow isn't accurate for Austin.
Using two identical homes in my neighborhood about 3 doors apart from each other, mine / neighbors.
Zillow - $387,546 / $384,326
Redfin - $417,808 / $420,737
TCAD - $368,876 / 372,802
(Recent Appraisal) $427,000 / (Recent Sale) $429,000
What's worse, is that when I contested my taxes Zillow used the TCAD numbers to lower the value of my home on their site. Uh... Zillow, you know it's in our best interest to contest our taxes, right? Has nothing really to do with the value of our homes... it's a mix of us wanting to pay less and the City / County wanting us to pay more.
I'm sure there are more scientific studies, but for my house I'd say Zillow is ~10% under-market. When I went in to contest my taxes this last year, I was told by a friendly TCAD employee that Redfin numbers were better and that I should use Redfin when trying to cite examples of comparable properties with lower taxable values.
Keep in mind most of the value depends on your realtor's ability to show the house, how well you stage your house, and the number of of interested buyers.