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7 Comments on Redfin: "Don't Ask a Real Estate Agent How the Market Is."
LOL. So true! The analysts rely on info gleaned from the field - we're actually IN the field. But they have to de-value us to build themselves up, and some people believe them.
Oh yeah ask an analyst their is a reliable source. Analysts are also the ones that said Eron is on top of their game and what happened the next day. They know how to skew numbers.
This kind of thinking may be an indication that someone other than realtors are more knowledgeable about the "market" than we are. That realtors are just the hardworking in the trenches kind of people that put together buyer and sellers with very little knowledge of the "market". How many agents do you know that fit that description?
Adam when people ask me "How the Market is" I take the opportunity to talk it up and myself. You never know when a sales opportunity may present itself! But I agree with you that an Analyst doesnt sell anything just analyzes!
LOL That is about what I expected from them!
What can I say about Redfin... Nah, just too tired of dealing with them. Good one Adam, I'm going to use this one if you don't mind to spead your word. LOL
Another fabulous response from someone that newly entered the real estate business! Redfin is not really around in my area.
My wife and I have been going to open houses for the past 18 months, and are very familiar with our neighborhood and comps. We made an offer after a first open house, and added an escalation clause, which was good, since two other full price offers were made, and the house was under contract within 3 days, with 2 backup contracts. However, we knew the market, but it was tough to get Redfin to act as quickly as needed to get the offer in by 4:00 p.m. on Monday (they are closed on Sundays), and we suggested the escalation clause, since it was our belief the house was underpriced for the schools and Metro transit location. I would not recommend it for first time buyers, but we're using our $20,000 rebate to cover closing costs and points.