Redfin releases “Redfin Estimate”

Redfin has unveiled their online home valuation estimating tool called (ready…) “Redfin Estimate”.

I’m doing some quick comparisons and from what I can tell so far by checking out homes in my West Seattle neighborhood, Redfin seems to offer more accurate home value estimates than Zillow’s Zestimates.

Redfin Estimate and Zillow may very well offer different values that what a lender’s appraisal would provide, if you are buying or refinancing a home and using a mortgage. However, it’s nice to have another tool for consumers to use to help get a rough idea on the value of their home.

Check out Redfin’s Estimate for yourself!

I’d love to hear your feedback.