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Redfin Associate Agents (show-only contractors) : r/realtors - Reddit
Redfin fluctuates and would never give you a stable and reliable salary. Contractors are not salary. They laid off lots of people at the beginning of 2020 on a whim. Outside of Redfin, agents are independent contractors so you’re really wasting your time and money based on what you’re saying, IMHO. 10.
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Shady tactics of Redfin's price estimates : r/RealEstate - Reddit
Now, Redfin says their estimate in 2019 was $1.5m, and current estimate is $1.9m. Based on comps, I’d actually guess it’s closer to $1.6m. So, their estimates are way off, and I’m not sure why they retroactively replaced a piece of good data with a piece of bad. So their goal here isn’t to appear accurate.
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Is Redfin's estimate totally worthless? : r/RealEstate - Reddit
Yes. They are worthless. I have a condo. The redfin estimate for my unit is $125k less than the closest comp that sold a few months ago in the same building. Same sq ft, same number of bedrooms. Slightly different layout. Though, and I might be bias, I think ours is the better layout. Either way, ours isn't worth $125k LESS.
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Redfin 1% listing fee -- what is the catch??? - Reddit
You pay 1% to list it, then 3% goes to the buyers agent. So the total is a 4% listing fee. Also, you have to sign a contract saying that if you are turning around to buy a house, you have to use a Redfin buyers agent. You are only saving 2% since its 6% total. 3% buyer agent and 3% sellers agent.
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Redfin? : r/realtors - Reddit
With Redfin, you’re much more an employee than a real estate agent. You’re paid a salary and yes, you get a bonus if you make a sale and get a good review, but it’s nothing like the money you make as a solo agent. You’re going to play by all of Redfin’s rules and systems.
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Zillow/Redfin etc.. From your experience, how accurate are the ... - Reddit
From your experience, how accurate are the estimates? The house that we are closing on was estimated at $330k. The dropped the price to $319k the day we were going to offer asking price. There were 6 offers, we did $325k and got accepted. Now, according to various sites the estimate is as low as $317k on redfin, $322k-$340k on Zillow, and in ...
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How accurate are Redfin price estimates? : r/realestateinvesting - Reddit
The best way is asking a realtor, they would give you a complete market analysis and comparison. They aren't. Based on an broker with 30 years experience in Orange County Calif, Redfin overstates the value of the home by about 20% - give or take. Zillow overstates the value of the house by about 10% - give or take...
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Do you trust Redfin's estimate of your home's value?
Redfin doesn’t even trust their own estimates. They have an estimate for our house of $560k. We looked into their “sell us your house” option and they offered us $430k, which is less than we bought it for ~5 years ago. Their rationale is that they anticipated listing it for $500k with a final sale price of $488k.
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Is Redfin too good to be true? : r/homeowners - Reddit
Redfin tells realtors"I'll give you several times the number of houses that you're getting right now, but you have to accept that the per-house commission is going to drop. You'll make a lot more in the end but you'll have to sell more houses." Often realtors work both on and off Redfin and charge 50% of their regular rate for leads from there.
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My experience working with Redfin and a traditional broker to sell
The house appraisal came back at $320k, and we negotiated a middle price of $325k. Had I gone with this particular Redfin agent I’d have left $25k out there and upset my neighbors. This agents reasons was a similar floor plan with a pool sold for $325k, and a pool is worth $25k, so my house was worth $300k.
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