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?

Answer
“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.”
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Shannon Martin
Answered on Jul 26, 2021
Shannon is an expert in personal lines liability insurance with 13 + years of insurance industry experience. She also served as a special insurance liaison to AARP members for 6 of those years. She is a graduate of UL Lafayette and currently resides in NY with her family. Shannon is also an amateur juggler, ukulele player, and is a time travel paradox theory enthusiast.
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