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Everyone works in a collaberative effort to provide an amazing home buying/selling experience. Oh, and that awesome website redfin.com updates from the FMLS and the MLS every 15 minutes...
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Try convincing all Redfin's satisfied buyers and sellers, Redfin isn't a full service Brokerage firm. Redfin is reinventing the way people buy and sell homes in the consumer's favor. Full service, best tools for agents, best website, schedule same day home tours right from your mobile app, rebate at closing.
Well...I've never dealt with Redfin, but it's pretty obvious where you're coming from.
Redfin is in 44 marketplaces, set to be in around 80 by the end of this year. They are going through a nationwide expansion. Redfin is still a privately held company.
True, Redfin Agent's are like the kid on the playground nobody wants to play with...other brokerages that is. But, all those satisfied buyers and sellers cannot be wrong. It's a great concept, let's face it. Who wouldn't want a full service Brokerage firm who believes in customer service first? Redfin Agent's are compensated, full time employees of the Company and get paid a bonus based on customer satisfaction at the end of the transaction. Keeps the agent transparent and working diligiently for the customer. If you are a traditional agent you most likely don't like the concept. Redfin Agent's are full time agent's, not part timer's looking to make a few bucks on the side, or in the field as a hobby.
Redfin Agent's work in teams. Each position has it's own unique responsibilities. Coordinator's schedule tours, Associate Agent's open doors, and there are transaction/deal writing Agent's and Listing Specialists.
Who wouldn't want to work with a RE Brokerage like Redfin....Agents held to a higher standard, rebate at closing credited towards closing costs, lower listing fee's, 25 glossy photo's for your listing taken by a professional photographer, Matterport 3-D virtual tours for every listing. Everyone works in a collaberative effort to provide an amazing home buying/selling experience. Oh, and that awesome website redfin.com updates from the FMLS and the MLS every 15 minutes, so as long as the listing Agent stays on top of updating the system, the info is correct.
Fear is the common denominator among Redfin haters. I see a lot of misinformation about Redfin in many of the comments here but it's pretty evident why the comments in the first place...Fear
Try convincing all Redfin's satisfied buyers and sellers, Redfin isn't a full service Brokerage firm. Redfin is reinventing the way people buy and sell homes in the consumer's favor. Full service, best tools for agents, best website, schedule same day home tours right from your mobile app, rebate at closing. Sounds like a no-brainer to me.
I like the team approach . . . I think you left off the SPAMMER member of the team. You know . . . the guy who goes around the internet posting ridiculous fake testimonials like this one.
Redfin agents has a practice of making comments on their site about homes they show. They often make comments that are unfavorable. One can argue that is transparency and I'm all for transparency, however these are peoples homes and a good real estate agent is also a tactful agent and can help a homeowner recognize what features a buyer will see value in and allow the negative features to be accounted for in the price. Or stated another way, no home is perfect but we don't bash the house as part of the selling process.
Additionally, they don't know what they are talking about when they make comments so their comments are often completely misguided and flat out wrong.
But this alone doesn't completely quantify the Redfin animosity.
Years ago, Redfin took the business practice of telling their clients to find a home by using another real estate broker to drive them around and when they found the right home to call the Redfin office and a real estate broker would "write it up" for them at a discount. That's like saying, go to a restaurant, order your favorite sandwich and than pay me for it. This practice introduced many real estate agents to the legal terms of Procuring cause. Once they were called on this practice, they started telling their clients to only go to the open houses. But the clients continued to use other agents for the purpose of driving them around and showing them homes. As the years went by, Redin started hiring showing agents where buyers could pay them hourly to show homes, that helped remove some of the animosity.
Years later, Redfin even started to partner with other agents. If you agreed to work with them, they'd feature you on a site and for a referral fee to Redfin you'd get the business. However, they would often only show the other agents on distressed properties, i.e. they cherry picked the best and gave their "partners" the low paying properties.
Their practices in working with other agents have come across as out right stealing, deceptive and greedy. Their practices in what they say about the homes of individual home owners is at best completely disrespectful.
I like the team approach . . . I think you left off the SPAMMER member of the team. You know . . . the guy who goes around the internet posting ridiculous fake testimonials like this one.
Yeah, that was pretty obvious, wasn't it? Skirted, if didn't absolutely violate, the C-D TOS, too, it seems to me.
Anyone see the article today on Inman about the new brokerage one of the Redfin co-founders is starting? Basically, the premise of the brokerage is they're trying to cut out buyer's agents. Yup, that sounds like a good thing for real estate consumers.
When Surefield lists homes in the multiple listing service, it offers buyer’s agents just $2,000
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That means that Surefield has to coordinate a fewer number of showings per listing than the average broker
$2000. If that's the case in California, no one is going to show their listings.
Even though I use pro quality photos and walkthrough video, buyers still want to see the house in person. Surefield assumes his model can save people transportation time.
Redfin is in 44 marketplaces, set to be in around 80 by the end of this year. They are going through a nationwide expansion. Redfin is still a privately held company.
True, Redfin Agent's are like the kid on the playground nobody wants to play with...other brokerages that is. But, all those satisfied buyers and sellers cannot be wrong. It's a great concept, let's face it. Who wouldn't want a full service Brokerage firm who believes in customer service first? Redfin Agent's are compensated, full time employees of the Company and get paid a bonus based on customer satisfaction at the end of the transaction. Keeps the agent transparent and working diligiently for the customer. If you are a traditional agent you most likely don't like the concept. Redfin Agent's are full time agent's, not part timer's looking to make a few bucks on the side, or in the field as a hobby.
Redfin Agent's work in teams. Each position has it's own unique responsibilities. Coordinator's schedule tours, Associate Agent's open doors, and there are transaction/deal writing Agent's and Listing Specialists.
Who wouldn't want to work with a RE Brokerage like Redfin....Agents held to a higher standard, rebate at closing credited towards closing costs, lower listing fee's, 25 glossy photo's for your listing taken by a professional photographer, Matterport 3-D virtual tours for every listing. Everyone works in a collaberative effort to provide an amazing home buying/selling experience. Oh, and that awesome website redfin.com updates from the FMLS and the MLS every 15 minutes, so as long as the listing Agent stays on top of updating the system, the info is correct.
Fear is the common denominator among Redfin haters. I see a lot of misinformation about Redfin in many of the comments here but it's pretty evident why the comments in the first place...Fear
Try convincing all Redfin's satisfied buyers and sellers, Redfin isn't a full service Brokerage firm. Redfin is reinventing the way people buy and sell homes in the consumer's favor. Full service, best tools for agents, best website, schedule same day home tours right from your mobile app, rebate at closing. Sounds like a no-brainer to me.
If I may, please allow me to comment on your comment, "Who wouldn't want a full service Brokerage firm who believes in customer care first?" Well, to that comment, let me share one word, "bunk!" And while I am at it, please let me sell you some fantastic lake front property in, I mean on Kentucky Lake.
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Here's the deal. All free market goods and services have a geometric financial formula. Let's say we list a $400,000 home (the Redfin minimum or they refer). There is a certain amount of money that can be paid to either Redfin or my office. Let's assume we use the Redfin formula. My agents will have the same amount of money to pay for advertising (internet or whatever) as Redfin. My agents will have the same amount of money to pay for gasoline to travel to and from showings, & my office will require the same amount of money to manage the agent as the Redfin broker.
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Don't believe all the hype. It was hype that got us Obamacare. If you like Obamacare, good for you, but if I don't, then bad for me. Same with the purchase of any good or service. Know what your are buying and don't buy an Apple computer just because it's got an Apple on it's back. (I own several Apples and PC's).
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I'd say they are successfully substituting technology for people. Real Estate agents who are against Redfin (so, ALL Real Estate Agents) say that they have 'local knowledge' and that they offer 'personal service'. My experiences with these two things, however, have been these: The 'local knowledge' is a catchall claim that's used to make me believe that only they know how much I should expect to spend. The 'personal service' seems to refer to the time they spend trying to upsell me and trying to figure out how much money I could REALLY get if I went back to the bank and begged for more. Since I always know EXACTLY what type of house I'm looking to buy and how much comparable houses have sold for recently in the area, these 'services' tend to be somewhat off-putting. Just sayin'
Anyone see the article today on Inman about the new brokerage one of the Redfin co-founders is starting? Basically, the premise of the brokerage is they're trying to cut out buyer's agents. Yup, that sounds like a good thing for real estate consumers.
Buyers agents came into to play because consumers wanted more protection. It will be interesting to see how things evolve in the future.
As a broker, I appreciate a company like Redfin who displays a property with excellence as it raised the bar. Every buyer/seller deserves cutting edge technology and every seller deserves HD Photography, Drone Photography, etc. But, Redfin's model relies on a buyer/seller getting informed by a traditional real estate broker before utilizing their limited personalized service. That being the case, Redfin will always be here and so will the traditional broker. What you save in a discounted listing fee that "starts" at 1.5% or a kick-back on the buying end, you lose in the negotiations. Having Redfin actually negotiate a contract for you is like appearing in court without an attorney. Good luck.
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