![]() ![]() In addition to its house hunting tools, Redfin also connects buyers and sellers with its team of in-house agents. We recommend working with an experienced realtor who knows the ins and outs of your local market and can help you Selling or buying a home is one of life's biggest financial decisions, and relying on a faulty estimate could be an expensive mistake. For example, it can give you a rough idea of whether your home's value is closer to $300,000 or $350,000.īut it's not a great tool when you're deciding on a list price or thinking about making an offer. If you've owned your home for several years and you're curious about what you could sell it for, Redfin's estimate can be useful. home, a Redfin Estimate could be off by an average of $8,200-24,100, depending on whether it's currently listed for sale. ⓘ ✍️ Editor's note The margin of error on Redfin Estimates might seem pretty small, but it makes a huge difference when you're trying to figure out what a house is really worth! On the median U.S. Redfin Estimates are fairly accurate, but they're no substitute for a professional home value report or appraisal.Īccording to Redfin's website, its estimates have a median error rate of 2.84% for on-market homes and 8.39% for off-market properties. □ MORE: Are Redfin agents worth it? Read the full review now! If you're outside Redfin's service area, it isn't very It only shows listings in locations where Redfin has a team of in-house agents. Unfortunately, Redfin does have one major drawback vs Zillow and Trulia - at least for some users. Local housing market data, and public records like tax assessments. Redfin bases these computer-generated estimates on details about the property, Won't find many "for sale by owner" (FSBO) listings because Redfin does not allow sellers to post listings themselves.Īll listings feature a Redfin Estimate, which is the company's best guess at what the property is currently worth. It pulls in data straight from the local multiple listing service (MLS), ensuring that property information is as accurate and up-to-date as possible. With Redfin, you can research homes for sale in 80+ markets across the U.S. ![]() ![]() But, while its core business is helping people buy and sell homes, Redfin is probably better known for its house hunting app and website. Redfin is a low commission real estate company that offers discounted listing fees for home sellers and rebates for some buyers. Comparing pricing estimates from multiple tools will help you get closer to your home's actual value - especially if Redfin and Zillow are relying on inaccurate or outdated information. (Get a free home valuation from a top local realtor now.) But if you're earlier in the home selling process and just need a general idea of what your house is worth, we recommend trying several free online home value estimators. If you want to know your home's true fair market value, there's no substitute for a full comparative market analysis (CMA) from an experienced local realtor. A Zillow Zestimate or Redfin Estimate can give you a rough idea of what your house is worth, but even the best online home value estimator is typically thousands of dollars off the mark. That said, all three real estate platforms have strengths and weaknesses, especially when it comes to the accuracy of their home value estimators. Each one lets you browse for sale listings and offers home value estimates to help you figure out how much a property is worth. ![]() Redfin, Zillow, and Trulia are three of the most popular real estate websites. Or Zillow have better agents? | Better alternatives for buyers and sellers Redfin vs Zillow vs Trulia overview | Why are Redfin and Zillow price estimates different? | Does Redfin ![]()
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