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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.
Jan 14, 2022 · 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.
Now, Redfin says their estimate in 2019 was $1.5m, and current estimate is $1.9m. Based on comps, I’d actually guess it’s closer to $1.6m. So, their estimates are way off, and I’m not sure why they retroactively replaced a piece of good data with a piece of bad. So their goal here isn’t to appear accurate.
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.
Oct 15, 2023 · Redfin told us we have to use them as our agent if we decide to purchase a home because they facilitated our tour. Hello, first time homebuyers here. My wife and I decided to book a tour of a house through redfin the other day on a whim, didn't read any fine print or sign any documents but it seemed relatively low-comittment.
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.
Aug 14, 2023 · My experience with Redfin agents is that they have the expectation that you as the listing agent will do their job for them. Literally. I had a Redfin buyer’s agent expect me to call their buyer’s lender to help sort out a financing issue for their buyer once. They subsequently got very offended when I declined.
Nov 23, 2021 · Redfin’s is no longer a discount realtor it is a high customer service realtor. There’s 800 people vying for their attention, You have to aggressively work for them to choose you biting not only the best but the person they like the most.
Jan 1, 2023 · 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 ...
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.
