What does Hot List mean in real estate?

The hot list shows as “pending” any listings that have gone under contract in the last 24 hours. A pending sale is one for which an offer has been accepted and an agreement of sale executed.

What does star mean on Redfin?

Tour Insights: A listing with a star in the upper right corner indicates that a Redfin Agent toured this listing and provided insights about it.

What makes a home unsellable?

Factors that make a home unsellable “are the ones that cannot be changed: location, low ceilings, difficult floor plan that cannot be easily modified, poor architecture,” Robin Kencel of The Robin Kencel Group at Compass in Connecticut, who sells homes between $500,000 and $28 million, told Business Insider.

Do views on Zillow mean anything?

Views don’t mean a thing. Showings and offers are the real feedback on your home.

What is a hot home?

A Hot Home is a home for sale that is expected to be among the most competitive homes on the market, according to the proprietary Redfin Hot Homes algorithm.

What does Xout mean on Redfin?

X-outs will help you keep track of homes you’ve viewed on Redfin and are not interested in. When you X-out a home, these homes will not be removed from the map page but will appear as a dimmed light green icon on the map. If you’re looking to X- out a home, there are a few places you can do this.

What does favorite mean on Redfin?

What is a favorite? Homebuyers searching on the Redfin.com site or mobile app can “favorite” a home by clicking the heart on the listing. This feature lets homebuyers keep track of the homes they are interested in and easily share those homes with their spouse, partner or cobuyer.

Can you manually designate a property as a hot home?

The bad news is you can’t manually designate a property as a Hot Home, or ask Redfin to do that for you. That would be cheating. But there are some tips and tricks to increase the odds your listing becomes a Hot Home. While Redfin doesn’t share the contents of their secret sauce, it seems pretty obvious what makes a home HOT.

What is a redfin hot home designation?

The Redfin Hot Home designation is provided for informational purposes. You should not make a decision regarding the purchase of real estate based on whether a home is, or is not, designated a Hot Home. Is a Hot Home guaranteed to sell quickly? No. A Hot Home is highly likely to sell quickly, but there can be no assurance.

How do I know if a property is a hot home?

You’ll know which properties are considered Hot Homes by the orange banner shown on the map page. A Hot Home is also visible within the listings table and the viewfinder window shown above the listings table. When double-clicking the pin shown on the map page you will be routed to the listing details page.

How does redfin determine how quickly a home will sell?

Our data scientists built the proprietary Redfin Hot Homes algorithm, which takes into account more than 500 factors that contribute to how quickly a home will sell. These factors include the home’s price, property type, neighborhood, and sale history, as well as how quickly similar homes in that neighborhood tend to sell.