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I've bought and sold on separate occasions through Redfin and saw no difference between their service for 1% and my previous transactions with a traditional rea
by picodguyo 8y ago
I've bought and sold on separate occasions through Redfin and saw no difference between their service for 1% and my previous transactions with a traditional realtor for 5%. They both took me around to see properties, provided neighborhood and property insights, acted as my negotiating proxy, and guided the closing process. I don't understand how Redfin can charge so little, but as it stands today I wouldn't dream of paying 5% again.
- mediaman 8y agoRedfin charges 1% for selling the house. They still pay 3% to the buyer's broker. The total fee is therefore 4%, versus the normal 6%, where both sides get 3%.
- smolsky 8y agoAlso, Redfin gave me 1.5% back when I bought a house. Ka-ching!
- Eridrus 8y agoIf you use a broker that returns 2% when purchasing the property, this basically drives it down to 2%. Which is far more reasonable than 6%.
- onlyrealcuzzo 8y agoWhy doesn't Redfin force you to use their buyer's agent? Buyer's agents are regarded as the ones at the bottom of the totem poll. Hardly anyone signs a contract with a buyer's agent. You almost always do with a seller's agent. It sounds like they've taken on the harder piece first...
- deleted 8y ago[deleted]
- asdf333 8y agoredfin worked great for us as well. we were very happy with them