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SoldNest founder claims Redfin estimates overcharge homebuyers big time

October 02, 2018 / Jacob Gaffney

Most searches for homes and mortgages now start online. Further, the ease and comfort of digital searches are supposed to create a competitive landscape that ultimately favors the borrower’s experience and pocketbook. But, according to this Quora blog by Joseph Alongi, founder at SoldNest, Redfin’s business model is leading to homebuyers being overcharged for some of their homes. SoldNest, like Redfin, is a real estate brokerage website, so the two firms are in competition for a shrinking homebuyer base.