Redfin rabidsqrl

List price is a new factor that gets included in the calculation that wasn’t there before. It doesn’t always jump. Agents can mark their listing to not show estimates and we respect that setting.

Feb 15, 2018 2 1
- Google Marsian
  OP
  
  Thanks! Yeah, when we listed our home recently, the Redfin estimate jumped up significantly immediately after the listing. It increased a bit more within the next day or so of the listing.
  
  Feb 16, 2018 0
Pinterest 4ic83n

Probably because they want to entice you to sell home with a Redfin agent

Feb 13, 2018 1 1
Facebook Jbsbshg

Redfin has a conflict of interest in placing a price estimate due to the fact that they also employ sellers agents for their own listings. If the Redfin estimate influences you to offer more, then they make more money.

Not sure how things run internally or if that conflict is handled by an internal policy.

Feb 14, 2018 0 0
IBM 🇭🇺🇭🇺9

From what I've heard, the listing price is a factor in the price estimate (fat finger price listings have commensurately increased the estimate)

Feb 14, 2018 0 0
Aon Hewitt qTXq04

I spoke to a redfin agent their estimates aren't that great. So I was asking about one property that had an estimate but I studied quite a few and their estimate just keeps going down the longer it's up for sale.

Feb 14, 2018 0 0

blind

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