3 ms·
RedFin is a great step towards making buying less expensive but they haven't innovated on the experience of buying at all. They give you a traditional agent exp
by rgbrgb 12y ago
RedFin is a great step towards making buying less expensive but they haven't innovated on the experience of buying at all. They give you a traditional agent experience for half the price. We let you submit an offer online and we're rifle focused on improving the offer/buy process. On a typical California home you'll save a lot more going with us. We charge a flat-fee rather than a percentage because it's just as much work to put an offer in and close on a $5M home as a $500k home.
And no, we are not aiming to get acquired any time soon! We're building a sustainable business with a very concrete revenue source. Hopefully it'll be the other way around ;).
- joezydeco 12y agoHow do you support the buyer other than handling the offer and contract? Do you provide escrow, referrals for home inspectors, surveyors, or title services? Do you shop those out? First time buyers need a ton of assistance navigating all of that and making sure they don't get screwed by the sell side of the deal (e.g. seller recommending their own inspector, for one).
- rgbrgb 12y agoYes, we provide full service from offer to close. Right now that's largely done manually by in-house real estate agents. We're currently building out software to handle more of the process online (starting with the negotiation) but we'll always have expert agents on deck to help or provide the type of advice first time buyers need. What we won't do is drive you around in a Mercedes to hold your hand at an open house.