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Zillow and Redfin vs. actual Appraisal | The Rescue Ronnie Show! Episode 27 - YouTube
Channel: The Rescue Ronnie Show!
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Hey this is Ronnie and this is the
rescue Ronnie show today I'm here with
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Bill Doughty how're you doing Bill I'm
good over here I have bill is actually
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an appraiser and Bill is gonna give us
some tips and tricks on how to get some
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top value for your house if you're gonna
be getting it appraised and then we're
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also gonna go and talk about the actual
myth of Zillow and redfin and why
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they're a good tool but they're not
super super racket all right so we're
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back we're here with Bill they'll give
us a breakdown on some of the things
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that people can do when they're about to
get their house appraised and some of
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the tips and tricks that you can give
them well the appraisers as we're out
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there at the homes inspecting your
properties we're looking for the overall
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condition quality design appeal and
anything that affects the property
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either positively or negatively you have
to remember the appraisers are the eyes
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and ears for the lender so they're out
there to observe and report so one of
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the best things you could do is to start
with the curb appeal of your home make
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sure that it looks really good as the
appraiser drives up to the property and
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then as far as the interior you don't
want to do a deep deep deep clean but
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you definitely want to have the house
clean and clutter-free to make the
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accessibility of the interior of the
home very appealing to the appraiser so
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that he can move around freely observe
the quality and condition and features
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of the home and you know get in and out
as quickly as possible sure yeah and
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let's go back to the curb appeal because
I've done a couple of videos on curb
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trying to give people some information
on how they can make their curb appeal
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curb appeal better what are some of the
things you look for is that just clean
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or is it like sealants and things of
that sort
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yeah you know clean and appealing for
the neighborhood that you fit in there
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has been a lot of research around curb
appeal it's interesting I've read some
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articles out there that the entryway the
front door to your property has a lot of
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additional value to it yeah and we've
talked about that in some of the other
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videos that I have that's huge and then
now we have the question of the redfin
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and Zillow I'm sure you get this daily
daily and I get it daily as well so tell
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me how's Illin redfin work I know we've
talked about it off camera a little bit
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how they work and sometimes the
misconception of them yes everybody
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thinks their property is worth much more
than yes and this one comes up daily you
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know out there in the marketplace
customers are always asking about Zillow
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and redfin so Zillow and redfin you used
computer generated a logarithms right to
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take those sales data in that
neighborhood and come up with a value
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for your home it's using all of the data
in the neighborhood neighborhood whether
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it's good or bad so the difference
between an appraiser and the logarithm
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is a craze or is actually using current
clothes truly competitive properties to
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your property so the appraiser is going
to be the more accurate final valuation
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process the Zillow and Redfin are good
to get a ballpark estimate of where you
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may be but the appraiser isn't gonna use
the comparable that's 5,000 square feet
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versus your 1,200 square foot home when
they're out there so right whereas that
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logarithm won't pick up
5,000 square-foot home and put it into
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the mathematics so you guys do the dirty
work yes sign this so yeah that's that's
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all good information I appreciate you
coming by man but it's really awesome a
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lot of people ask me about this type of
stuff a lot so we'll clarify all that
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but as always have the best air live and
adios
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