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This means you get the services of a real estate agent to guide you through the transaction. With Redfin selling services, you are teamed up with an in-house real estate agent. All of Redfin’s agents are salaried employees, and they don’t receive the usual commission incentives. Redfin and traditional realtors certainly aren’t the only game in town. Technology is quickly changing the landscape of buying and selling homes.

The best alternative to Redfin is Clever Real Estate because it offers bigger savings and best-in-class service. These agents DO NOT have to honor Redfin's pricing model or offer any discounts whatsoever. When you work with Redfin, you'll choose your agent by browsing through different agent profiles online. Then during the sales process, you'll primarily communicate with your agent over the phone and through a Seller Dashboard on Redfin's website. With previous experience working in real estate education at Veteran's United — a major VA lender — Tommy is an expert in home buying and mortgages. His work has been featured by CNBC, LA Times, Yahoo Finance, and Business Insider.
Redfin Reviews 2022
For a low commission of just 1.5%, a local Redfin agent assists you in every step of buying or selling your home till closing. But make sure to check the Redfin agent commission in your area before buying, as it changes across different areas. Additionally, the Redfin buyer rebate option lets you demand a buyer’s rebate for certain buyers.

As with any real estate brokerage, some Redfin agents are better than others. Working with one Redfin agent could be a great experience, while a different one might not be a great match for your situation, personality, and needs. In theory, this team-based approach increases efficiency, allowing Redfin agents to manage more transactions at once with only a minimal impact to service quality. Learn more about the differences between Redfin agents vs. traditional realtors.
''Redfin made it easy to buy and sell'
I am not applying for a loan that this company needs to see all my financials. The background check is about hiring employees that are not criminals nor dishonest. This company would have all my information that would expose me to identity theft. They may be saving a buck hiring this unreputable company who wants to save themselves money, but are opening up themselves to lawsuits. Unfortunately, this approach is risky — and customer reviews suggest it has a high failure rate.
Home sellers and home buyers can hire the services of a real estate agent by registering on the website or the mobile app. As mentioned earlier, a seller pays 6% in total commission to a traditional brokerage. Half of the commission goes to the listing agent and half to the buyer’s agent.
Redfin vs. Clever Real Estate
The cost to sell a house can vary depending on multiple factors. However, there are several items you may want to spend money on as you prepare to sell your home. You’ll face service quality compromises no matter which discount broker you list with, but the risks seem a bit less pronounced with Redfin. Lots of discount brokers claim to have user-friendly technology, but Redfin’s popular platform is still the gold standard.
Redfin’s estimates aren’t perfect, but they are relatively accurate. According to Redfin’s in-house study, 64% of homes sold within 3% of Redfin’s predicted price with an approximately 2% margin of error. We put together the video below for you to watch that shows you everything you need to know about how to use flat fee MLS to list your house without a Realtor.
Enter your home address on the RedfinNow website and click “Get My Offer.” 2. Get your cash offer a few days after submitting the request. Redfin uses its valuation model to determine what your home is worth. If you like the initial offer, sign the form Redfin sends over and choose a closing date within 10 to 90 days later. Redfin sets up inspections to determine if your home is structurally sound. These could include a general home inspection as well as specialized ones, as needed.

However, it may not be the best fit if you're selling a home that needs updates, is in a less competitive market, or you don't have much prior real estate experience. See how Redfin compares to other top low commission companies. Clever pre-negotiates discounted commission rates with traditional realtors throughout the U.S. Its agent-matching service connects you with top-rated realtors in your area from major brands like RE/MAX and Keller Williams. You can interview as many agents as you like until you find one that’s the perfect fit.
Its fees are also extraordinarily high — some sellers lose up to 13% of their home price to service fees. Compared to most brokerages, Redfin commission fees are priced very low. For instance, consider the selling price of your home was $500,000. With Redfin, you can potentially save about $10,000 compared to a traditional agent.
However, involving more people in your sale could lead to more miscommunications, mistakes, and delays that make an already-stressful process even more frustrating. If you encounter unwelcome surprises that complicate your sale, you may find your agent is unfamiliar with the ins and outs of your situation. Redfin is available in most major U.S. markets, but it may not have agents available in rural areas. “The agent was nice but did not know the downtown market. We ended up in the bidding war in the city when the prices either drop or remain flat), and overpaid by 20K. We briefly had another agent who advised us against getting into bidding wars.