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Real Estate
Reply to "Redfin "hot home" question"
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[quote=Anonymous]Our RF agent told us it's some computer modeling Prediction. Take those hot homes with a grain of salt. If the listing agent included finishef basement space in the Sq ft instead of doing just above grade, the computer program cannot tell and identifies it as underpriced/hot. One such hot home we bid on wsd a split foyer and the agent put 3000 sq ft as the size. Guess what. We were the only offer but sellers declined our price. Then it sat for another ten days before lowering $10k then it finally went under contract in 30 days in a popular area where houses go within the first ten days. After that experience, I disregard the hot home markings. [/quote]
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