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Are the monthly payments on real estate sites accurate?
I just started looking for my first home and haven't signed with a realtor yet. My friend told me that I shouldn't rely on the monthly payments that I see on real estate sites to be the correct price. Is that true?
Shannon Martin · Updated on
Reviewed by Shannon Martin, Licensed Insurance Agent.
“Real estate sites like Zillow and Trulia are great resources to start looking for a home. They have information like:
- school districts
- tax history
- commuter ratings
The information on Zillow is shared by users, which can lead to some inaccuracy. The monthly payments and value estimates are generated by the information uploaded into the site, and this is what your friend is warning you about.
If the home information was uploaded by the homeowner, things like square footage might be off, and this will affect the price.
Also, things like interest rates and homeowners insurance depend on the individual, so what you see on the website is just an estimate.
Signing up with a realtor will help you narrow things down with more accuracy.
Once you are ready to buy a home, give the free app
Jerry
a try! Jerry can get home and auto quotes
from over 50 carriers and they will deliver the lowest rates right to your phone.”View full answer
- Gregory R.
WHY YOU CAN TRUST JERRY
Jerry partners with more than 50 insurance companies, but our content is independently researched, written, and fact-checked by our team of editors and agents. We aren’t paid for reviews or other content.
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