When a house reduces price | tried to rent and then put in on market | goes off market and re-list; listing websites show the history. Apparently with Redfin, somehow listing can just show up as new without any of the history. Not sure if this is an issue with the site or a backdoor for agents to hide history. This could be deceiving for someone looking at the house the first time. Do your diligence. Ensure you check other MLS sites as well… such as Zillow, Trulia or realtor. #housing #redfin #zillow #trulia Another post with real examples. "Price reduced bur redfin shows as new listing (Housing)" https://us.teamblind.com/s/sLqoFCKG
check Trulia instead, they show the complete history. Apparently they can pay Redfin to erase the history. Beware, lots of houses that I have tracked over time (in my own excel sheet) have price reduction or went pending and relisted again, but Redfin shows as new listing. I have check Trulia and there I can see the complete history.
Thanks! Updated post with trulia.
Use better websites, don't waste your time on redfin.
like what?
Check Estately
thought this was well known
Is Redfin not calling for trouble if this is well known ? This could be perceived as deceitful practice.
probably a bug tbh
Redfin shows data about most recent mls listing number. Agent can play dirty trick to remove listing and re-list with lower prices. Redfin is doing it for 10+ years, so likely not going to change practice now. Only redfin is hiding data, Zillow realtor and others show it. If seller agent is playing such dirty trick, it's worth to ignore such property.
Redfin is an a hole website that single-handedly raises the house price with its stupid estimate which is way over list( especially in bay). Wish i could slap their data science team that came up with this stupid prediction.
Their estimates are unreliable for sure. Recently a house got listed as 1.7 M by mistake. After an hour - it was updated to 2.7M. But the Redfin estimate stayed at 2M for ever :) This was the perfect scenario for a good algorithm/model to throw a better prediction. But it simply started by predicting 15% on top of listing price. A single line of logic 🤔
Check realtor.com or compass
It is a feature, not a bug.
Has anyone noticed there are no hot homes anymore on Redfin?
Great tip! Most useful post today.