hi, i am interested in buying a house in miami

Profile picture for jamonejewl
please, should i look at the for sale/foreclosure price or the rent zestimate when looking to buy? becasue some of them the rent zestimate is higher than the for sale price and i wasnt sure if thats the mortgage instead. thank you
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April 09 2011 - Miami Beach
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Answers (4)

Profile picture for Dunes....

Look at the Sales Price....
The zestimate is just Zillow's Guess at what the value may be..

What is a Zestimate?
"The Zestimate (pronounced ZEST-ti-met, rhymes with estimate) home valuation is Zillow's estimated market value, computed using a proprietary formula. It is not an appraisal. It is a starting point in determining a home's value. The Zestimate is pulled from data; your real estate agent or appraiser physically inspects the home and takes special features, location, and market conditions into account. Variations in price also occur because of negotiating factors, closing costs, and timing of closing. We encourage buyers, sellers, and homeowners to supplement Zillow's information by doing other research"

PS..Avoid contacting those who directly solicit your business in this Forum instead of answering your Question...Spam is Lame
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April 10 2011
Hi!
I can help and guide you trough the process of buying a property.
Let me know the area you are interested on and contact me so we can start the process and you can get ready to make the purchase.
Talk you soon!
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April 10 2011
Profile picture for Andy Cleaves
Find a good agent and your home search and questions will be answered
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April 09 2011
Thanks for your question!

In a lot of markets it is cheaper to buy than rent and I am not familiar with your market but I would suspect it is one of them.  Contact a local Realtor,  you can search for one on Zillow here and read reviews of them by their clients.

Hope this helps and good luck.
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April 09 2011
 

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