|September 26, 2018|
|Redfin Launches Owner Estimate to Give Homeowners More Control in Assessing Their Home's Value|
"The Redfin Estimate is the most accurate online estimate for on-market homes, but no amount of cloud-computing power can replace a homeowner's firsthand knowledge about their own home and neighborhood," said
An Owner Estimate can be created by the homeowner of any off-market or recently sold home. To create an Owner Estimate, the homeowner goes through a step-by-step process to update home facts and provide input on completed renovations, such as whether the homeowner has added any bedrooms or bathrooms. The homeowner then selects at least five comparable homes from a list of 25 recently sold homes in the area. Redfin uses these selections to calculate the Owner Estimate. Once created, the homeowner can keep the Owner Estimate private or choose to post it publicly above the Redfin Estimate on their home's details page on Redfin.com.
"One of the most frequent requests we get from homeowners is to be able to provide their own input and additional information that could impact the estimated market value of their home," said
A comprehensive, independent study by SSRS found that the Redfin Estimate was the most accurate online estimate for on-market homes among estimates from leading providers of public home-value estimates.
To read more about the Redfin Owner Estimate, visit: https://www.redfin.com/how-owner-estimate-works
Redfin (www.redfin.com) is the next-generation real estate brokerage, combining its own full-service agents with modern technology to redefine real estate in the consumer's favor. Founded by software engineers, Redfin has the country's #1 brokerage website and offers a host of online tools to consumers, including the Redfin Estimate, the automated home-value estimate with the industry's lowest published error rate for listed homes. Homebuyers and sellers enjoy a full-service, technology-powered experience from Redfin real estate agents, while saving thousands in commissions. Redfin serves more than 80 major metro areas across the U.S. The company has closed more than
For more information or to contact a local Redfin real estate agent, visit www.redfin.com. To learn about housing market trends and download data, visit the
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Redfin Journalist Services, Alina Ptaszynski, 206-588-6863, firstname.lastname@example.org