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Reply to "Please answer my dumb questions about Zillow/Redfin estimates"
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[quote=Anonymous]They don't know about your renovations and price according to the neighborhood. So if most houses that sell in your neighborhood are renovated, but yours is not, the estimate will be too high (and vice versa). We sold our house for 20% above its redfin estimate because it was beautifully renovated (or at least this is what I think). I just looked up the estimate for our current house and I doubt we could sell it for this much. So think of the estimate as a starting point that you then adjust up or down based on the features of your home (that redfin does not take into account). [/quote]
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