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Redfin tells realtors "I'll give you several times the number of houses that you're getting right now, but you have to accept that the per-house commission is going to drop. You'll make a lot more in the end but you'll have to sell more houses." Often realtors work both on and off Redfin and charge 50% of their regular rate for leads from there.
Jul 12, 2022 · Redfin estimates though, always being so high, I think that’s a way to bait customers into using their platform vs a competitor. Because if Zillow says your house is worth $400k and Redfin says your house is worth $475k, chances are you’re going to favor the latter regardless of how little real world impact that number has.
Apr 2, 2023 · As such, the algorithm is weighting roughly 90% of the property's value based on the evaluation by the professional who has recently offered it for sale. All the Zillow/redfin/etc. estimates are worthless (honestly this needs to be stickied in the sub, people keep asking this) Only comps are useful. Yes, they are BS.
Aug 28, 2022 · After 30 days, when the list price was dropped to $100K, Redfin's estimate showed below the list price by $50K. The house was not sold and taken off the market. When the house was off the market, the Refin estimate showed $100K less than the last list price a few days ago. The house was listed again this week. Redfin's estimate jumped by $150K.
The house appraisal came back at $320k, and we negotiated a middle price of $325k. Had I gone with this particular Redfin agent I’d have left $25k out there and upset my neighbors. This agents reasons was a similar floor plan with a pool sold for $325k, and a pool is worth $25k, so my house was worth $300k.
Jan 1, 2023 · Last October my house jumped up $27k (5%) in one month. And this month it jumped $30k (5%). That's after zero movement last month. Normal monthly increases seem to be between .5 and 1.5%. When you look at the graph on the owner's page, it is not reflective of the sudden jumps. The graph says my Aug value was 614k when I recorded it in Aug as ...
ADMIN MOD. Must read before buying or selling: Redfin. I was a big fan of disrupting the real estate industry. I think it’s archaic to spend 6% if a home price on real estate fees, especially with the internet. Most people find the home before the agent. I was a huge fan of Redfin and used them to buy my house a few years ago.
Oct 17, 2022 · Context: release app on internal testing and promoted it to production release and it went to review. A few days later i got pre-launch report, it said that there are errors and crashes. The only device where it happened is Google Redfin (device name), but i never heard about this before.after searching apparently this is a simulator (cmiiw).
Oct 15, 2023 · Redfin told us we have to use them as our agent if we decide to purchase a home because they facilitated our tour. Hello, first time homebuyers here. My wife and I decided to book a tour of a house through redfin the other day on a whim, didn't read any fine print or sign any documents but it seemed relatively low-comittment.
Now, Redfin says their estimate in 2019 was $1.5m, and current estimate is $1.9m. Based on comps, I’d actually guess it’s closer to $1.6m. So, their estimates are way off, and I’m not sure why they retroactively replaced a piece of good data with a piece of bad. So their goal here isn’t to appear accurate.
