Redfin just launched an online tool call the Home Price Tool that lets homeowners get an accurate price for their home. The tool uses the same process and data that professional agents use.
The interactive tool is being touted as the first of its kind for putting power in the hands of the consumer to make up a comparable market analysis (CMA). According to Redfin, there's no other CMA tool available to consumers that uses data updated every 15 to 30 minutes.
With the Home Price Tool info in hand, a homeowner can enter the dialogue with a real estate agent with better information.