Q: Do Zillow, Trulia, and Realtor.com Have Your Best Interests in Mind?

Team Lally Hawaii Real Estate Podcast

05/13/20 • -1 min

Do online real estate tools give accurate information?

If you’re looking to Zillow, Trulia, or Realtor.com to get your real estate information, you should proceed with caution. These sites are in business to make money and generate revenue. The listing agents that you see next to certain properties are probably not listing agents. They just pay the site to be featured next to new listings.

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Even high-tech software can’t determine your home’s true value.

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Additionally, the instant estimates that you get from these sites, such as Zillow’s Zestiamtes, are off by an average of $14,000. They use an algorithm to determine value, but even high-tech software can’t determine your home’s true value based on its price, condition, and location. Zillow allows user-submitted data, which can further muddy the waters.

To find the right Realtor for you, the first thing you should do is ask around for recommendations. If you need recommendations from us, don’t hesitate to reach out via phone or email. In the meantime, stay safe and Aloha!

05/13/20 • -1 min

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