Redfin says its estimator tool will accurately tell you how much your home is worth

redfin launches estimator tool for home prices estimate header
There are quite a few ways to find out what your home is worth, and now there’s one more, thanks to Redfin. Its estimator tool launched today, and the company says it’s the most accurate in the industry with “the lowest published error rate of any valuation estimate in the U.S.”

Redfin Estimator ToolCompetitor real estate listing site Zillow has its Zestimate tool, but Redfin says what sets it apart is the information it uses from the Multiple Listing Services (MLS), like the house’s gorgeous view of the water or its location on a noisy street. Its 500 data points about the market give the tool a 1.96 percent median error rate on for-sale homes and 6.23 percent rate for those that are off the market, according to Redfin. What took Redfin so long to get into the game? Unlike Zillow, which simply lists the properties that are for sale, Redfin is a broker and had to abide by the National Association of Realtors’ rules, which until recently forbade this kind of estimator tool using MLS data, according to TechCrunch.

I looked at a couple homes for sale in Seattle, where Redfin’s headquarters are located. For a two-bedroom home, the Zestimate was $434,541, the Redfin estimate was $449,929, the Trulia estimate was $496,000, and the Chase Mortgage estimate was $443,220 to $552,780, and the Realtor.com estiamte was $401,942. That’s quite the gamut of price ranges, but the owners used Zillow’s “Make Me Move” tool to set their dream selling price at $450,000, very close to Redfin’s estimate.

The new Redfin tool isn’t available in all markets; right now, it has listings for 35 metro areas. Since I’m not a homeowner, I used my parents’ and sister’s addresses in Michigan and came up empty on the Redfin estimator. Also, interestingly, its information on when both houses sold was wrong (both said in the early ’00s, though they were bought in the last five years). Zillow had an estimate on my sister’s house and up-to-date information on when it was bought, but it couldn’t find my parent’s house at all. For those markets where Redfin’s estimator is available, though, it can provide buyers and sellers with another piece of information to assist in the process.

Computing

Own an Asus computer? Malware might be hiding in your system

If you own an Asus computer, your system might have been infected by malware distributed from the tool you typically use to update the BIOS and install other security patches, according to a new report by cybersecurity firm Kaspersky Lab.
Computing

Need a free alternative to Adobe Illustrator? Here are our favorites

Photoshop and other commercial tools can be expensive, but drawing software doesn't need to be. The best free drawing software is just as powerful as some of the more expensive offerings.
Computing

Still miss Windows 7? Here's how to make Windows 10 look more like it

There's no simple way of switching on a Windows 7 mode in Windows 10. Instead, you can install third-party software, manually tweak settings, and edit the registry. We provide instructions for using these tweaks and tools.
Computing

Edit, sign, append, and save with six of the best PDF editors

Though there are plenty of PDF editors to be had online, finding a solution with the tools you need can be tough. Here are the best PDF editors for your editing needs, no matter your budget or operating system.
Deals

Suck up the savings with these vacuum cleaners on sale for $100 or less

Keeping your floors clean around the home is a constant chore. To help make things a whole lot easier, we've picked out some great vacuum cleaner deals available right now, from full-sized upright models to robot vacs.
Smart Home

Is your coffee maker hiding mold inside? Here's how to clean it

Are you a coffee drinker? If you brew your coffee at home and you don't clean your machine, you could be drinking mold, yeast, and other bacteria. Here's how to clean your coffee maker.
Deals

Walmart drops prices on Google Home Hub and Lenovo smart displays

Walmart slashed the prices of Google Home smart displays for two highly regarded Lenovo models and the original Google Home Hub. We can't think of a better way to improve your smart home setup and these deals can help you save up to $100.
Deals

Amazon lowers Echo Dot cost and slashes price of the Dot and Smart Plug bundle

Amazon just unleashed extraordinary price cuts on third-generation Echo Dot smart speakers. The Alexa device is back in stock following the blowout sales last holiday season. The Echo Dot is the best-selling Alexa smart speaker worldwide.
Smart Home

These best outdoor security cameras will keep porch pirates at bay

Worried about porch pirates stealing your packages, or intruders entering your home? Always be in the know about who or what is on your property by installing one of these outdoor security cameras.
Smart Home

Your Instant Pot can do it all. Research says it has another important function

Researchers at Dakota State University tested a variety of pressure cookers for sterilization and found that Instant Pot provides enough pressure and heat to kill off food-spoiling bacteria.
Smart Home

Need some help? Here's our handy step-by-step guide on how to Airbnb your home

Getting ready to make your home a great rental? Here's how to Airbnb your home with the right amenities, insurance, supplies, and everthing else that you need. Use this guide to get started without making beginner mistakes!
Deals

Dyson sale shatters prices on vacuums just in time for spring cleaning

Steep price cuts on Dyson vacuum cleaners for the spring cleaning season help you save money on the tools you need to do the job. We've found the best discounts on Dyson vacuums from Amazon and Walmart and put them all in one place.
Deals

Amazon slashes prices on Echo devices that play Alexa’s sweetest-sounding music

Amazon slashed prices on Alexa-controlled Echo devices with the best music sound quality. All Alexa smart speakers stream music, but some sound better than others. Save on Echo Plus and the Echo Sub bundled with Echo and Echo Plus speakers.
Emerging Tech

Awesome Tech You Can’t Buy Yet: Robotic companions and computer-aided karaoke

Check out our roundup of the best new crowdfunding projects and product announcements that hit the web this week. You may not be able to buy this stuff yet, but it's fun to gawk!