The intent is to give homeowners another tool for deciding when to sell, and provide home buyers with comparative data. Importantly, the Redfin Estimate is not an appraisal - it can be off by thousands of dollars, especially if the listing is missing information about recent renovations, unique characteristics, etc.Aug 16, 2021
Is Zillow estimate or Redfin estimate more accurate?
Nationally, Zillow is slightly more accurate than Redfin. However, their accuracy varies from city to city and state to state, and Redfin is more accurate in some areas. Both estimates are reasonably precise for homes currently on the market but are much less accurate for homes not currently listed for sale.Sep 29, 2021
What is the most accurate house price estimate?
Redfin
What is the most accurate real estate value website?
Zillow is the best overall home value estimator available. It is user-friendly and requires no log-in details. Its home value estimator is called the Zestimate, which provides an approximate value for your home based on public and user-submitted data.
What does it mean when it says hot home on Redfin?
A Hot Home is a home that we think will sell within the first two weeks of being listed on the market. You'll know which properties are considered Hot Homes by the orange banner shown on the map page.Dec 28, 2019
How accurate is Redfin vs appraisal?
Redfin states their estimates are very accurate, with a median error rate of just 1.77%. ... Redfin is careful to note their estimates are just a place to start and cannot take the place of an actual appraisal or the judgement of a professional real estate agent.Feb 28, 2019