Redfin is manipulating the market

Amazon
RqYQ34

Go to company page Amazon

RqYQ34
Apr 4 21 Comments

The Redfin estimates keep changing and they are a major contributor to driving the price up.

Do you guys consider the Redfin estimate while putting an offer?

21

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 TOP 21 Comments
  • F no. Stick to the comps
    Apr 4 2
  • Apple
    NonQA

    Go to company page Apple

    NonQA
    Yup. Redfin is definitely doing it. Even if one of the buyers looks at redfin estimate for their bid, automatically everyone has to do it since redfin estimates are usually on the higher side. I lost so many bidding wars by bidding a price based on just the comps. The house prices go closer or higher than redfin estimate most of the time.
    Apr 4 1
  • Affirm
    knuckles9

    Go to company page Affirm

    knuckles9
    Anyone using redfin or zillow estimates instead of comps are idiots.
    Apr 4 0
  • No I look at Zillow
    Apr 4 0
  • Twilio / Manufacturing
    DEItoda๐ŸŒ›

    Go to company page Twilio Manufacturing

     DEItoda๐ŸŒ›
    Op if it makes you sleep better at night that the estimates are driving up the market and they are getting kick backs or what not, ok sure.

    At the end of the day itโ€™s purely demand and supply. Comps are reflective of that. If s a similar property in the same location sold for x, then the seller will also expExt x and the buyer will likely need to pay that as well. If all of a sudden demand drops the properties will sit longer on the market and the prices have to go down to a point where the next buyer will show up.
    Apr 4 1
    • Okta
      gt7Fpl

      Go to company page Okta

      gt7Fpl
      Op is also probably blaming Wall Street when stock prices go up or down and owns a bunch of gme shares you know to "stick it to the man"
      Apr 4