Do You Know RedFin?
What value does a realtor provide worthy the 6% commission?
Exactly.
I've bought 3 houses. Each time I was astonishingly underwhelmed by the buyer and seller agents.
Quick story: When hubs and I visited current house, the seller agent remained seated on the living room couch, not getting up at any point during our visit. While we were walking around the first floor, she actually screened us: "Where do you live now?" "Where do you work?" "Where do your friends live?" "This is a very special neighborhood, people here take pride in their homes".
We bought it in spite of her boorish self.
Enter Redfin . It speaks for itself: moving the transaction, the data, all of it, to the internet. Making the whole process more transparent for buyer and seller.
Based in Seattle and San Francisco, (same tribe as Zillow? Shootoff?) it promises to be the next revolution in residential real estate.
I so love this: When acting as the buyer's agent, Redfin refunds 2/3 of their part of the traditional commission. When acting as the seller's agent, they charge a flat fee of $3000.
Daaaannng.
That would (will?) save us a ton of money when we are ready to hop on over the Cascades (hello mountains! hello sunshine!).
I will take paying $3000 over $21,600, or 3%, anyday (3% = 1/2 of 6%. 1/2 towards buyer agent and 1/2 towards seller agent).
posted by finance girl @ 10:04 AM
2 Comments:
It is CYA all the way with those realtors. What would you say, to blow the deal, or get sued over?
I saw a clip of that on 20/20 a few days ago.
Kinda scary as one real estate agent said it's nothing like actually seeing the property in person just to feel yourself living in it.
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