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February 7, 2013 10:15 pm GMT

Redfin Launches Offer Insights To Show You Real Time Data On Real Estate Bidding Wars

redfin-logo-tag-webOnline real estate broker Redfin just launched a new feature called Offer Insights, which not only tells you what houses are on the market, but also what the actual purchase process was like for homes its agents sold in a given neighborhood.Because Redfin employs local agents - unlike companies like Zillow, which focus more on lead generation for other brokerages - it has access to a lot more data than some of its competitors, including information about how many deals actually played out. This, argues Redfin, will "help guide buyers and sellers in many different aspects of a real estate transaction, including how to structure a compelling offer, negotiate a deal or price a home."

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