Top 11 online estate agents for buying and selling property | unbiased.co.uk (2023)

Updated 30 September 2022

9min read

Top 11 online estate agents for buying and selling property | unbiased.co.uk (1)

Nick Green

Financial Journalist

Updated 30 September 2022

9min read

(Video) Home seller secretly films 11 estate agent valuation appointments

Online estate agents are changing the way the property market works.

The right agent could save you thousands of pounds, but are they better than traditional estate agents?

Top 11 online estate agents for buying and selling property | unbiased.co.uk (2)

What is an online estate agent?

Online estate agents work in largely the same way that existing estate agents do, with the caveat that they function entirely online.

Rather than operating from high-street stores, with the added overheads that come with them, online agencies are run from call centres and websites, meaning they can offer lower fees to people who use them.

While some will be able to go beyond the basic platform-like system they operate on, this will usually come at a higher fee. If you’re looking for an agency to handle some of the more administrative work, you would likely need to pay for extra.

The catch is that, while online agencies take the property market online, the property seller will need to do more work. From accurately listing details about the property, taking the photos and filling in more of the paperwork, you’ll be responsible for picking up some of the more labour-intensive processes.

How do online estate agents work?

Each online agency will operate a slightly different basic package, but the key takeaway is that with an online agency, you’ll be selling your own home via an online platform.

Some online agents charge zero fees and simply connect you to a potential buyer – you will need to do the rest. To reduce the hassle and stress of going through the whole process on your own, some agencies will charge an – albeit low – fee to handle some of it for you.

Online agencies will save you money. But if you were looking for a selling experience that saves you time and stress, going online might not be completely right for you.

Online vs high street estate agents: whats the difference?

The key difference between online estate agents and traditional high street operators is this: high-street estate agents will usually charge you a percentage of your property's selling price, while online estate agents generally charge fixed fees.

Most online estate agents give you the option of valuing and marketing your home and arranging property viewings. Many can negotiate and accept offers on your behalf and liaise with your conveyancer, other estate agents and buyers right through to completion.

But buyer (and seller) beware. However tempting the basic package’s cost looks, it's likely that these 'extras' won't be included and, if you want them, you'll need to pay more. These services come as standard for traditional estate agents.

In terms of the pricing difference, it really comes down to how much work you’re willing to take on. If you’re happy to do the majority of the work, you can certainly save plenty of money with an online agent.

But, if you were hoping to minimise your responsibilities and have a smooth experience, you’ll need to pay extra with an online agent – ultimately meaning your savings might only be slightly more than what you’d get with a normal agent.

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What are the best online estate agents to use?

Here's a snapshot of 10 of the UK's leading online estate agents. Some have a flat fee payable upfront or the option to pay on completion (which usually costs up to twice as much).

Others also require a percentage of the sale price. Most offer a range of packages that increase in cost as you add extra features. For example, a basic package may advertise your property online, but you'll have to do the rest.

A mid-range package may require you to host viewings but will handle everything else. A top-of-the-range package means the agent will do everything on your behalf.

Doorsteps.co.uk

Basic package price: £99 includes listing within 72 hours, 24/7 customer service. Advanced and Premium packages feature Rightmove and Zoopla listings.

Trustpilot rating: 4.8

Example customer review: "I loved the aspect that I was able to book in my own viewings and arrange them around my schedule. I accepted an offer within 72 hours of it going live. I'm now going through the next stages of the process, but so far, everything is going smoothly. The money I have saved will go towards our new house."

emoov.co.uk

Basic package price: £249, plus 0.5% of the sale price, includes expert valuation, online dashboard, professional photography and advertising listed on all major platforms, including Rightmove and Zoopla.

Trustpilot rating: 4.5

Example customer review: "Emoov was my first online estate agent experience, and it has been such a good experience that I wouldn't go back to a high street estate agent again. I like being in control of things, and with emoov you write your own house descriptions and do your own viewings."

esaleuk.com

Basic package price: £595 one-off payment, with nothing to pay on completion, or £1,190 on completion, includes money-back guarantee and verification of all viewers.

Trustpilot rating: 4.7

Example customer review: "The team at esale were very professional. On the first day of viewing, we had six couples and four offers on the house, all above the asking price. The best person to sell a house is its owner, and by using esale as your agent, you filter out time-wasters."

I Am The Agent

Basic package price: £449 includes a dedicated sales assistant, free for sale board and advertising on Rightmove, Zoopla and PrimeLocation for 365 days.

Trustpilot rating: 4.7

Example customer review: "The service provided is excellent and has led to a successful 'sold subject to contract' position. The beauty of this system was the ability to market my property on major recognised sites, change photos myself and for them to be 'live' within minutes. One can work through the I Am The Agent site, or manage the interactions with interested parties directly, once validated by the site."

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Purple Bricks

Basic package price: £999 (£1,499 for London and surrounding areas) includes a dedicated local property expert, professional photography and floor plans, listings on Rightmove, Zoopla and more.

Trustpilot rating: 4.6

Example customer review: "We are so impressed with the manner in which Purple Bricks have handled the sale of our property; we are now buying a new home through Purple Bricks – so easy using the app."

Sellmyhome.co.uk

Basic package price: £995 includes professional photos, video and virtual walkthrough, a dedicated sales assistant and advertising on Rightmove, Zoopla and PrimeLocation.

Trustpilot rating: 4.7

Example customer review: "One to one handling of the house sales. Fast super-efficient guaranteed sale. I fully trusted the team involved to make sure that the best deal between seller and buyer was quick and easy."

Strike

Basic package price: Free, includes valuation by a local expert, photos and floorplan, advertising on Rightmove and Zoopla, professional offer negotiation and dedicated support to completion. Strike gets paid by selected partners if you choose one of their optional services, such as free mortgage advice or removal services. Bear in mind that if you take their offer of free mortgage advice you probably won't get the best deal that you could achieve, since you'll be restricted to whichever providers will pay them commission.

Trustpilot rating: 4.7

Example customer review: "Great way to sell your house. The whole process has been excellent. From the initial contact to arrange valuation and advice on sales options, through to the simple to use website and app. My property went live on Tuesday, and I had my first appointment three hours later. By the following day, I had six viewings booked."

The Smart Estate Agency

Basic package price: For a fixed fee of £75, you’ll be able to list and sell your home. As you can imagine with any agency charging a lower fee, you’ll be doing most of the work yourself. You’ll need to take the photos, write descriptions, arrange for EPCs – but for £75, it is a value option. You can opt for premium listings on Rightmove and Zoopla, arrange a professional floorplan and have a road sign listing your house for sale, but these are all extras.

Trustpilot rating: 4.6

Example customer review: “Fantastic company, sold my house quickly and efficiently for only £75. Fantastic value, the agent worked extremely hard answering questions and messages in the evenings, weekends and even on a bank holiday. Fab service. Would definitely recommend.”

Yopa

Basic package price: £999 includes a dedicated local estate agent, a professional advert on Rightmove and Zoopla with floor plans and photos, a for sale board, an online control centre and sales progression.

Trustpilot rating: 4.7

Example customer review: "Totally happy with all aspects of the service provided by Yopa. The whole process was straightforward, and I would highly recommend it. We took advantage of using the conveyancing service, which also went very smoothly and amazing value."

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Visum

Basic package price: This pay-as-you-go starts from £49 for a renewable one month listing with Zoopla and OnTheMarket, and 20 other sites, and you can manage your listing from your phone.

Trustpilot rating: 4.7

Example customer review: "A really intuitive user-friendly web portal that enables a property to be listed quickly. Managing enquiries through the portal is particularly good as it's at a glance and straightforward to use. It's difficult to see how high street agents could provide a better service for such a reasonable price."

99home

Basic package price: £99 includes a free virtual tour, dedicated account manager and advertising on more than 700 websites.

Trustpilot rating: 4.9

Example customer review: "Speedy, professional, helpful and available, and by far the best value for money. One can have a little or as much input into the sale as is comfortable, with differing packages available. We particularly like the direct communication with potential buyers (an option to suit). This saves both time and potential miscommunication."

What's better, an online estate agent or high street estate agents?

There's no doubt that online estate agents can be a great money-saving option, but it's worth considering all the pros and cons before you sign up.

The benefits of using an online estate agent include:

  • Lower fees: in most cases, using an online estate agent will be a whole lot cheaper than doing business with a high-street agent. And, if they charge a flat fee (rather than a percentage of the sale), the more expensive your home is, the more you'll save. For example, choosing a £1,499 package from emoov on a £250,000 house could save you up to £4,731 (compared to a traditional estate agent fee of between £3,750 and £6,250).
  • Convenience: As online estate agents use call centres that are often open during evenings and weekends, it can be easier to get hold of them. And, as they're online, you have 24/7/365 website access to keep tabs on progress. Some agents also have apps that allow you to update your listing in minutes.
  • Flexibility: Many online estate agents offer a range of packages so you can choose what best meets your specific requirements.
  • Freedom of choice: Generally, there's no contract period, which means you are free to instruct other estate agents if you wish to.
  • Transparency: Thanks to review sites such as Trustpilot, you can read feedback from customers of their experiences – both good and not so good – to help you make an informed choice about which agent to go with.
  • Third parties: Nobody likes working with third parties who take commissions and fees on a service. Like with many other new and challenger platforms, online estate agents connect buyers and sellers – no third parties attached.

Things to consider when using an online estate agent

  • Lack of local knowledge: Even online agents with regional representatives may find it difficult to compete with a high-street agent who knows your local area and its property market inside out.
  • Valuation: An online-only agent may use online data to value your home, rather than sending around a 'local expert' to provide a valuation.
  • How much work you'll have to do: Some online estate agents won't negotiate offers or act as a middleman to progress your sale to completion. Having to manage all the communications with buyers and solicitors can be time-consuming and stressful.
  • Viewings: Generally, you'll have to conduct viewings yourself, so you'll need to feel OK about showing strangers around your home and be available when they are –most likely during the evenings and at weekends.
  • Vetting: Some (but not all) online estate agents will vet buyers, typically getting details of names, finances and whether potential buyers are already part of a chain. Always ask your online agent about this as some companies use third parties to carry out vetting checks.
  • Paying up front: if you opt for this type of package because it's cheaper, you won't be paying on results. In fact, you may even pay only for the company to end up not selling your house unless they specify a money-back guarantee.
  • Lower profit potential: While all estate agents have had a difficult couple of years, online estate agents have recorded a larger than average fall in users. Cutting out third parties sounds like a cost-effective way of getting the right deal, but without a professional agent to negotiate the best price, many users are left feeling they could have got more for their house. While online agents can offer price negotiations as an extra, traditional agents simply do this as standard. In troubled times, people want the highest possible offers – something online agents can’t guarantee.

Do I need a mortgage in principle for my house hunt?

Whether you choose the high street or the information superhighway as your route to buying or selling a house, the first rule for homebuyers and sellers is simple: be prepared. And, one of the best ways to be ready to move when you've found the right property is a MIP – a Mortgage in Principle. This is a written indication from a bank or building society (the lender) stating how much it might be prepared to lend you. It's not binding (they could still refuse you a mortgage on those terms), but it's a very useful indicator of what you can probably borrow, and estate agents – both high street and online – take them seriously.

The beauty of a MIP is that you can often get one sorted in under an hour if there are no hitches, and at most, it should take only a few days. You can then focus on your hunt for a house, knowing that you're in a position to make a firm offer once you've found a home you like the look of.

Although you can apply for a MIP direct from a bank or building society, it's generally better to do this via a mortgage broker since he or she will have access to a greater range of mortgages than you can find either on the high street or online. You can also save time as your broker can find you the best potential mortgage deal straightaway. This means that as soon as your offer is accepted, you can give your broker a call and ask them to proceed with the full application instead of having to shop around some more.

Did you find this article useful? Then you might also find our article on how to sell your house at auction informational, too!

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FAQs

What is the best online real estate website? ›

The 7 Best Real Estate Websites of 2022
  • Best Overall: Zillow.
  • Most Accurate: Realtor.com.
  • Best Mobile App: Trulia.
  • Best for Foreclosures: Foreclosure.com.
  • Best for Renting: Apartments.com.
  • Best for “For Sale By Owner”: FSBO.com.
  • Best for Heroes: Homes for Heroes.

Which is the best property website UK? ›

The list of the best property websites in the UK:
  • Zoopla.
  • OnTheMarket.
  • Rightmove.
  • Boomin.
  • Prime Location.
  • Placebuzz.
  • Mitula.
  • Home.

Which is the best estate agent in the UK? ›

The best online estate agents in the UK in 2022
  • Purple Bricks.
  • Strike.
  • Yopa.
  • Doorsteps.
  • SellMyHome.
  • Property Solvers.
18 Aug 2022

What is the most popular real estate brokerage website? ›

With 8.4 million monthly visitors, Redfin is the top-ranking website for a full-service brokerage (works directly with consumers). The top 5 ranked real estate websites are digital-first companies. Remax.com, with 4.7 monthly visitors, is the top-ranking traditional (pre-internet) brokerage website.

What is the most popular house selling website? ›

Best Real Estate Agent Websites
  • Zillow.
  • Realtor.com.
  • Redfin.
  • Trulia.
  • MLS.
  • CENTURY 21 Real Estate.
  • RE/MAX.
  • Coldwell Banker Realtors.
14 Oct 2022

Which is better Zoopla or Rightmove? ›

Rightmove is typically the best for traffic with around 127.5 million visits per month. This is significantly higher than Zoopla's average of 60 million.

Which property search is best? ›

The daddy of home search sites, Rightmove, is the best place to compare homes on the market. As well as a dizzying number of properties up for grabs, it plots listings on a Google map for ease. Zoopla. Also lets you match up sold prices with old property ads, including pics, asking prices, descriptions and floor plans.

Is on the market better than Rightmove? ›

OnTheMarket has the best visual display as there is less clutter, and search filters can be displayed or hidden. If what matters most is the widest availability of property, we recommend Rightmove. If technology is not your strong point and ease of use if of importance to you, we recommend On The Market.

How do I find a good estate agent UK? ›

At a glance
  1. Get valuations from at least three estate agents, but don't be tempted to immediately go with the highest price tag.
  2. Ask around about estate agents and get recommendations from friends or family.
  3. Decide whether sole or multi-agency is the best option for you.
  4. Don't be afraid to ask questions.
15 Nov 2022

Does it matter which estate agent you use? ›

Choose the best estate agent based on independent data.

This means changing to an estate agent who has a proven track record of selling homes like yours and interviewing them to make sure you've got the real deal.

How do I choose a property agent? ›

5 Tips For Choosing the Right Real Estate Agent for You
  1. Be prepared. ...
  2. Ask friends and family for recommendations. ...
  3. Find someone who is active and experienced in your area. ...
  4. Find someone who meets your needs and fits your personality. ...
  5. Know what you're giving and getting.
28 Apr 2022

Which real estate website has the most accurate prices? ›

Zillow, Redfin, and Realtor.com are the most accurate estimators, while Chase and Bank of America are the least accurate. However, even Zillow home values were frequently off by thousands of dollars. Zillow says its home values have a median error rate of 6.9% (for off-market homes).

Which real estate website has most accurate estimate? ›

  1. Redfin. The most accurate home value estimator is Redfin as it uses historical pricing data and also considers real-time demand and market trends. ...
  2. Zillow. ...
  3. Realtor.com. ...
  4. Trulia. ...
  5. Ownerly. ...
  6. Chase. ...
  7. RE/MAX. ...
  8. Homelight.
18 Jul 2022

What are the three big social media sites for real estate agents? ›

These Are the 3 Best Social Media Platforms for Real Estate...
  • 3 Best Social Media Platforms. Facebook. Instagram. LinkedIn. Back to top. Therefore, the importance you give to social media can make the difference between closing deals and struggling to keep your business afloat. ...
  • Facebook.
  • Instagram.
  • LinkedIn.

Who is the No 1 real estate company in world? ›

Sotheby's International Realty

It is a luxury real estate brand founded in 1976, by the Sotheby's Auction House. It formed a strategic alliance with the firm Realogy in 2004.

How do I know if a real estate agent is legit? ›

If you need some tips on how to check a real estate agent's credibility, here are some ways to do so.
  1. Use your Network.
  2. Ask for Their License.
  3. Ask them Questions.
  4. Watch the Options They Give You.
  5. Consider What They're Discussing.
  6. How to Check Real Estate Credibility.
8 Mar 2022

What type of house sells the fastest? ›

Low Price Point. With the homeownership rate nationally approaching a 50-year low, home buyers are becoming more prudent. Houses listed between $200,000 and $250,000 sold in about 83 days, faster than those in any other price range. That's compared to 133 days for homes priced between $2 million and $5 million.

What price house sells the fastest? ›

The price is right

Lower-priced starter homes are winning most buyers' hearts. Homes listed at between $200,000 and $250,000 were sold in 83 days on average, significantly faster than in any other price range. And of course the more expensive the home, the fewer buyers can afford it.

What is the most profitable way to sell my house? ›

How to sell your house for the most money
  1. Understand your local market.
  2. Choose the right time to sell.
  3. Set the right price.
  4. Understand how much it really costs to sell a home.
  5. Determine how you're going to sell.
  6. Consider minor renovations that add value at minimal cost.
  7. Negotiate the best offer – not just the highest offer.

Can Zoopla be trusted? ›

Zoopla uses data sources from HM Land Registry (England and Wales), Registers of Scotland, Ordnance Survey, the Royal Mail's postcode database and Google Maps. These are all completely non-bias and legitimate.

How accurate are Zoopla online valuations? ›

Are Zoopla estimates accurate? No, Zoopla estimates are not accurate. As with all online valuations they are only an estimate. If you live somewhere with lots of recent sales data then you'll get a better more accurate figure, but your best bet is always to get an in persion valuation from at least 3 estate agents.

Should I offer less than the asking price? ›

Offering 5% to 10% below the asking price

Do ample research so you can argue what the home's true market value is. Many agents will recommend slightly higher listing prices with the assumption buyers will want to negotiate down, so don't be afraid to try to snag a deal — especially if the home didn't sell quickly.

What are the 3 main searches when buying a house? ›

The 3 main searches done when buying a house

Planning issues. Building control issues. Highways issues.

Which property valuation is most accurate? ›

Next, when you have your heart set on a property and you're sure it's the right one, it's a good idea to buy a valuation from a registered valuer. This is the most accurate estimate of a property's value available, and will most likely be required by your lender anyway.

What website has the most homes for sale UK? ›

Rightmove - UK's number one property website for properties for sale and to rent.

Is there a problem with Rightmove? ›

Rightmove.co.uk is UP and reachable by us. Please check and report on local outages below ... The above graph displays service status activity for Rightmove.co.uk over the last 10 automatic checks.

What is the most accurate home buying app? ›

Realtor.com has the most reliable app because of the influence and needs of the National Association of Realtors and because the data is mined from the MLS. Available for Android and iOS, this home buying app provides property listings sourced directly from over 800 MLSs. The data refreshes every 15 minutes.

Do estate agents put all properties on Rightmove? ›

The traditional and online estate agents have to pay to list their houses on all those sites. So it's just a question of which sites they will pay for. Some of the very powerful estate agents don't use any or only will list some of their properties in Rightmove.

Do estate agents charge to value your house? ›

The short answer is nothing at all! Valuations provided by estate agents are usually free because they know it's a great time to view the property, pitch their services and sell themselves to you. It's called customer contact time, and it's a key part of the estate agent business model.

How do I know if an estate agent is legitimate UK? ›

Use these to look for letting agents in your area, and cross-reference with the search on The Property Ombudsman website.
...
Search recognised groups, like:
  1. National Landlords Association (NLA)
  2. UK Association of Letting Agents (UK ALA)
  3. Association of Residential Letting Agents (ARLA)
  4. National Approved Letting Scheme (NALS)
21 Dec 2018

Should you use a solicitor recommended by the estate agent? ›

Estate agents & solicitors are on the same side

On the surface, a solicitor recommendation from an estate agent should be invaluable. That's because estate agents and solicitors are on the same side. The estate agent is being paid to sell the house, and the solicitor is being paid to execute the sale.

Is it worth using 2 estate agents? ›

The simple answer is yes. The real question is why would you want to? Two agents are usually employed either because one agent has failed to secure a sale or because another promises you they have a buyer waiting. Sometimes this is true.

Should you shop around for estate agents? ›

By all means get quotes from the services recommended by the estate agent – from mortgages to conveyancing to removals – but then shop around to make sure you're getting the best deal.

Why do estate agents go to best and final? ›

Estate agents often use a best and final offer method so that the vendor can choose the best buyer.

What should I look for when choosing a property manager? ›

The key considerations for your property manager are:
  • How quickly they can resolve issues when they crop up?
  • How do they handle emergencies?
  • How do they handle difficult tenants?
  • How often do they carry out inspections?
  • How do they handle tenants who are late with rental payments?
12 Oct 2022

How do you negotiate with a property agent? ›

18 Top Real Estate Negotiation Strategies From the Pros
  1. Include an Escalation Clause to Make Your Offers More Competitive. ...
  2. Assess the Type of Negotiation & Identify Value-creating Moves. ...
  3. Take Your Fiduciary Duty Seriously. ...
  4. Make Them Think Saying Yes Was Their Idea. ...
  5. Set Reasonable Expectations.

How do you find the absolute best price when selling a house? ›

How To Get the Best Price When Selling Your House: 7 Ways To Maximise the Equity On Your Home
  1. Understand Your Local Market. ...
  2. Choose the Right Time to Sell. ...
  3. Set the Right Price. ...
  4. Understand How Much it Really Costs to Sell a Home. ...
  5. Find a Great Real Estate Agent. ...
  6. Consider Minor Renovations that Add Value at Minimal Cost.
11 Jul 2019

How do I estimate the value of my house? ›

You can determine home value by using an online valuation tool, hiring an appraiser, using a real estate agent, or checking comparable homes in your area. Using an online valuation tool or pulling comps in your neighborhood is easy and quick, but you'll receive more accurate results using a REALTOR® or appraiser.

How do I find the highest price on a property? ›

Preparing your property for sale
  1. Show your property in the best light to get the best price.
  2. Keep your property tidy all the time it is on the market, consider moving things into storage to provide an uncluttered feel to your property.
  3. Do all the little maintenance jobs you have been putting off for another day.

How accurate are online property estimates? ›

So just how accurate can you expect a market valuation to be? There shouldn't be too much variation, according to Mangioni – an acceptable margin of error is plus or minus 10%.

How accurate are online real estate estimates? ›

Redfin and Zillow are the only two real estate websites we tested that provide users with a median error rate. Based on company data, Zillow Zestimates are generally more accurate than Redfin Estimates. Redfin carries a median error rate of 7.67% for off-market properties, while Zillow is slightly better at 6.90%.

Are Online House estimates accurate? ›

While accuracy is improving, an estimate on one site can still be wildly different from another, sometimes varying by hundreds of thousands of dollars. And individual estimates may be way over or under what a home actually lists and ultimately sells for.

What is the biggest challenge real estate agents face? ›

The 5 Biggest Challenges Facing Realtors Today
  • ADAPTATION TO NEW TECHNOLOGY.
  • FAILURE TO LEVERAGE REFERRALS.
  • COMPETING WITH ONLINE LISTING PORTALS.
16 May 2022

What are the 3 most important factors in real estate? ›

 If you have been involved in real estate for any length of time, you've heard it said that the three most important things when it comes to real estate are “location, location, location.” I've heard nationally-recognized experts say that over and over on national media.

What are the three most common types of listings? ›

In Commercial Real Estate, there are three types of real estate listings used to secure a buyer for a property. An Exclusive Right to Sell, an Exclusive Agency Listing, and an Open Listing.

Is Zillow or Redfin better? ›

Both companies are reputable and offer consistent quality. The “best” choice depends on what services you need. If you're thinking of selling your house as a FSBO, Zillow is the clear choice, since Redfin doesn't take FSBOs. If you're looking for lower prices, Redfin wins out.

Which real estate website is most accurate for home value? ›

  1. Redfin. The most accurate home value estimator is Redfin as it uses historical pricing data and also considers real-time demand and market trends. ...
  2. Zillow. ...
  3. Realtor.com. ...
  4. Trulia. ...
  5. Ownerly. ...
  6. Chase. ...
  7. RE/MAX. ...
  8. Homelight.
18 Jul 2022

Is realtor or Zillow better? ›

Realtor.com is arguably the most accurate real estate listing platform today. It is affiliated with over 580 regularly updated MLS databases across the U.S. Realtor.com also operates in more regions than Zillow and Redfin simply because it's been around for longer, that is since 1996.

What is more accurate than Zillow? ›

Redfin's home value estimator is more accurate than Zillow's when it comes to pinpointing the sales price. According to Redfin, its estimates are approximately 74% accurate within 5% of the sales price for listed homes. By comparison, Zillow is only 67% accurate within 5% of the sale price for listed homes.

How can I get the value of my house? ›

You can determine home value by using an online valuation tool, hiring an appraiser, using a real estate agent, or checking comparable homes in your area. Using an online valuation tool or pulling comps in your neighborhood is easy and quick, but you'll receive more accurate results using a REALTOR® or appraiser.

How do banks determine home value? ›

To calculate appraised value, a licensed appraiser considers the location, size and condition of your home, and any renovations you've completed. The appraised value is what mortgage lenders look at when a borrower buys a home or refinances their mortgage.

What does a hot home mean on Redfin? ›

What is a Hot Home? A Hot Home is a home that we think will sell within the first two weeks of being listed on the market.

Are Zoopla valuations accurate? ›

No, Zoopla estimates are not accurate. As with all online valuations they are only an estimate. If you live somewhere with lots of recent sales data then you'll get a better more accurate figure, but your best bet is always to get an in persion valuation from at least 3 estate agents.

Which app has the most accurate home value? ›

Trulia is the best for home values because it builds its home value estimates from more factors than any other app, such as city and county assessments, local comparative sales of similar homes, and price history trends. Eight out of 10 times they are within 20% of the sales price. The app is free for users.

Is Zillow better than MLS? ›

While Zillow has 50-80 fields of information and pictures about the properties, an average MLS has more than 300. That means Zillow provides limited information about a property. In contrast, an MLS includes all the market times, listing information, photos, unsuccessful listings that date 10 to 20 years back.

Why is Zillow successful? ›

Zillow makes money by selling advertising on Zillow.com and the Zillow mobile app to property management companies with vacancies, real estate agents looking for buyers and sellers, and mortgage lenders looking for borrowers. And it also sells to general advertisers, especially ones in the real estate industry.

Does Century 21 provide leads? ›

AGENT PROSPECTING TEAM

Additional leads are given to each team member by the company at no charge or additional commission splits. Century 21 Triangle Group Leadership is truly committed to the Broker role of providing additional opportunities for their agents to win and convert more business.

How accurate is Zillow 2022? ›

Zillow's Zestimate has been found to have a nationwide error rate of 1.9 percent for on-market homes. When it comes to estimating home values for off-market housing, the error rate jumps to 6.9 percent. Overall, the accuracy of Zestimate is approximately 4 to 5 percent.

Who is the biggest competitor of Zillow? ›

For core listing services, Realtor.com is their biggest competitor. What site is better than Zillow? Zillow's real estate offerings are some of the most comprehensive, but Redfin and Realtor.com offer some comparable services, especially in terms of home valuation.

Why are Zillow estimates so wrong? ›

Zestimates are only as up to date as the data behind them, meaning they may be outdated or incorrect. Zestimates may not reflect improvements, mistakes in property taxes paid, or exceptions to tax assessments.

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