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Redfin tells realtors "I'll give you several times the number of houses that you're getting right now, but you have to accept that the per-house commission is going to drop. You'll make a lot more in the end but you'll have to sell more houses." Often realtors work both on and off Redfin and charge 50% of their regular rate for leads from there.
Oreococaine. •• Edited. With Redfin, you’re much more an employee than a real estate agent. You’re paid a salary and yes, you get a bonus if you make a sale and get a good review, but it’s nothing like the money you make as a solo agent. You’re going to play by all of Redfin’s rules and systems.
If you're home is immaculate and objectively desirable then it's accurate otherwise it's going to be odd by a significant amount. Redfin is about 25% higher than my mortgage lender and 10% higher than Zillow. Interestingly enough my redfin initial cash now price was only about 10% more than my mortgage lenders price. 1.
ADMIN MOD. Must read before buying or selling: Redfin. I was a big fan of disrupting the real estate industry. I think it’s archaic to spend 6% if a home price on real estate fees, especially with the internet. Most people find the home before the agent. I was a huge fan of Redfin and used them to buy my house a few years ago.
The house appraisal came back at $320k, and we negotiated a middle price of $325k. Had I gone with this particular Redfin agent I’d have left $25k out there and upset my neighbors. This agents reasons was a similar floor plan with a pool sold for $325k, and a pool is worth $25k, so my house was worth $300k.
From your experience, how accurate are the estimates? The house that we are closing on was estimated at $330k. The dropped the price to $319k the day we were going to offer asking price. There were 6 offers, we did $325k and got accepted. Now, according to various sites the estimate is as low as $317k on redfin, $322k-$340k on Zillow, and in ...
Last October my house jumped up $27k (5%) in one month. And this month it jumped $30k (5%). That's after zero movement last month. Normal monthly increases seem to be between .5 and 1.5%. When you look at the graph on the owner's page, it is not reflective of the sudden jumps. The graph says my Aug value was 614k when I recorded it in Aug as ...
You pay 1% to list it, then 3% goes to the buyers agent. So the total is a 4% listing fee. Also, you have to sign a contract saying that if you are turning around to buy a house, you have to use a Redfin buyers agent. You are only saving 2% since its 6% total. 3% buyer agent and 3% sellers agent.
Redfin is very different from other real estate web sites, like Zillow or Trulia - if they operate in your city, they also are a real, MLS-linked brokerage, with agents who know your area. My agent is extremely competent and has a great perspective on things - her advice has been very helpful in preparing the property for sale, choosing a data ...
The REAL problem with RedFin is that they wanted to do everything, including being real-estate investors. If they were just offering discount realtor service, they would probably continue to thrive. Instead, they were trying to play the "flip" game on real-estate and they were buying billions in real estate to flip - well now the market is ...