Learn more about the differences between Redfin agents vs. For the most part, the Redfin selling experience should be comparable to selling with a traditional brokerage. Your agent — or another Redfin team member — will guide you during each stage of the process, from deciding on a list price to signing your closing papers. The biggest difference is that you may get less hands-on support with Redfin compared to a traditional agent. Is selling with Redfin worth it, then? In some cases, the potential savings may be worth this tradeoff.
However, many home sellers may prefer to work with other low commission real estate companies that prioritize personalized support. In addition to the standard listing package outlined above, Redfin offers several premium options. For a base listing fee of 2. This package seems a bit expensive for what it includes.
Most sellers will likely find it much cheaper to opt for the 1. RedfinNow is an iBuyer service that pays cash for homes in select markets. If you accept a RedfinNow offer, you can close in as few as ten days. Learn more about RedfinNow pros and cons. If your purchase qualifies, you could earn a commission rebate — what the company calls the Redfin Refund.
This rebate can help offset closing costs and other upfront expenses. However, its website is vague about how it calculates this rebate amount. For example, rebates are:. Learn more about home buyer rebates. Redfin offers extra savings to buyers who also sell their previous home with Redfin within 12 months of their purchase.
On top of the commission rebate, Redfin reduces its listing fee by 0. Generally, Redfin has fair to good reviews. On Consumer Affairs, Yelp, and Google averaged out to 3. Redfin offers many advantages compared to traditional, full-price real estate brokerages.
Only then can you decide if Redfin is your best option, or if another discount service provides better value. Most sellers choose Redfin for its low fees. And a consistent theme among many selling with Redfin reviews is that those savings are genuine. And for the most part, it draws rave reviews from users. Despite selling a speciality property, they enjoyed a quick and easy sale.
This seems a bit lackluster compared to the home buyer rebates other discount services offer. While they earned a small rebate, they felt their agent was more focused on closing the deal than advocating for their best interests. Redfin may have fewer service quality risks than other discount brokers, but customers should still expect less hands-on support compared to traditional realtors.
Redfin reviews bear this out. For example, this realtor encountered multiple problems working with multiple Redfin agents. If you list with Redfin, the company may try to upsell you on its Concierge Service.
This premium listing package includes more features than the standard plan, but it costs roughly as much as hiring a traditional realtor. These include:. We recommend shopping around and comparing Redfin reviews and services against local providers to find the best combination of rates and service quality. Although Redfin offers genuine savings, its fees are relatively middle-of-the pack compared to other discount brands.
Depending on your situation and priorities, you may find better value with one of these Redfin competitors. Learn more about selling with REX. Since sellers pay the same fee regardless of what their home is worth, Trelora offers more savings than Redfin on higher-end properties. Learn more about selling with Trelora. Clever pre-negotiates discounted commission rates with traditional realtors throughout the U. These reduced commissions can add up to significant savings.
We will match you with a top local agent in your area that will sell your house without sacrificing service for a much lower fee! Find An Agent Near You! These companies target sellers who want to sell their homes quickly. Depending on where you live, it could take over a year to sell your home. Depending on your circumstances, using a houses for cash company may be a good option. This section will examine the most common selling questions people have before embarking on a relationship with Redfin versus a traditional realtor.
Redfin employs licensed real estate agents, brokers, and realtors. They provide the same services as traditional realtors. Their bonuses depend on customer reviews and the price of the home. Yes and No. These listings take about 48 hours to appear on the Redfin website. Being a real estate brokerage, Redfin has the same access to information as real estate agents, including updates when a new property is listed.
Redfin updates new listings every ten minutes. The information is available on its website and app. The link will take you to a page where you can enter your city, neighborhood, or zip code to find agents in your area. Zillow uses something called a Zestimate. Redfin updates its data every five minutes throughout the day, making its data some of the most up-to-date in the industry.
The answer is subjective and depends on who you ask. The Balance and WashingtonPost have crowned Redfin the most accurate. According to Investopedia , realestate. Overall, buyers report a positive experience selling their homes on Redfin. One reviewer on Quora was impressed by the transparency of the home selling process with Redfin praising her agent for making all the right decisions when putting her house on the market.
Her house sold the first day of its open house. The comments from users on Reddit who used Redfin to sell their homes were generally very positive. The reviews on G2. The majority of negative reviews came from the ConsumerAffairs website with users complaining about a lack of attention and passivity from agents.
Selling a home is often intimidating. There are many options available, making it difficult to know where to begin. Redfin offers powerful digital tools to help you market your home; free professional photos are also part of the package. As a bonus, selling your home on Redfin will save you thousands of dollars over working with a traditional agent. Redfin may not be the best option for you. However, it is worth a closer look. This discount real estate brokerage is changing how we sell and buy homes and forcing its competitors to adapt.
He actively writes about real estate related topics such as buying and selling homes, how-to guides for around the house and home product recommendations. Read more about us here. Do You Like This Article? Share It! Is Selling with Redfin a Good Idea?
Notify of. Oldest Newest. Currently, you will only be able to sell your property with this service if it is located in one of these areas. Selling somewhere else? Our friends at Clever can match you with a top rated real estate agent in your area. There are significant advantages to selling your property to this company, but there are also disadvantages to think about as well before deciding if you want to work with this iBuyer.
The below review demonstrates many of the pros mentioned above. The seller indicated that the process was convenient and they received the money in their account quickly. In fact, these reviews demonstrate some of the disadvantages mentioned above. These two sellers both complained about the high fees and the low offers they received for their property.
The bottom line is, when you work with RedfinNow, you give up your negotiating ability and pass up the chance to get top-dollar for your property in exchange for being able to sell your property quickly for cash. You can also search for properties on Redfin or use its iBuyer service. There are a number of companies now that connect you with agents that will sell your home for far less.
Check out this review of eight services that help you sell your home for less than the standard commission so you can keep more money in your pocket. RedfinNow makes instant cash offers on homes in select markets. It makes money by purchasing homes for less than their full market value and then reselling them at higher prices.
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