What is the difference between the properties you find on Redfin and the properties you find on the MLS? Is there any?
Redfin is a real estate brokerage firm. The MLS is the listing service that each board of realtors uses in their locale where brokers list properties. Redfin would list their properties on their local MLS. Redfins site only has their own listings.
As a brokerage, Redfin is a member of the MLS in the geographies in which they compete and they publish MLS listings like any other brokers website.
Sites like Trulia, Zillow, HotPads, etc. are not MLS members and get their listings through a syndication process originated either by an MLS or by individuals broker/agent, depending on the particular MLS. Companies like ListHub provide syndicated listings to these sites. Sites publishing syndicated listings like Trulia and Zillow's tend not as complete or up-to-date as Redfin's.
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Redfin has ALL listings in markets they operate in.
For the general public Redfin is by far the best site to use to look for listings and review deals.
Honestly I don't even have mls access, I use Redfin for everything I love it. I get instant updates when there are new listings in my market or on any properties I follow.
Does anyone use Redfin home value tool for comping properties?
Wow, thank you for all of the awesome replies.
@Tim Gordon I had the same feeling, and you've affirmed it. Thanks!
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