redfin refund reddit

Redfin has the most accurate home data with MLS real-estate listings updating every 5 minutes. Get started with a free consultation. That amount is set. The only exceptions are New Construction homes, which will have a refund but we are unable to calculate and display it given the unique sale process. There are no different pros and cons of selling a house using Redfin vs a different brokerage. Commission refund: Redfin agents are salaried employees who do not work on commission. The listing agent then co-op's with the buyer's agent for a piece of that. It's illegal in many states... Can't do them in Oregon. We had a pleasant and amiable conversation later in the day on Friday, 6/19/15 and agreed my home would be relisted on Redfin right away at the reduced price of $619,000, which he stated could be … buying a house Company . I was asking for any homes I plan on buying in the future. I don't understand what you are asking but redfin is something a lot of us are interested in. foreclosure, Press J to jump to the feed. The Redfin business model advocates for the customer. FWIW, if you ask a non-Redfin agent for a refund, they will almost certainly laugh at you (and possibly refuse to work with you). If finding the cheapest real estate agent you can is your goal - there are lots of options out there. I think it helps that she knows us and knows that we do 95% of all the research ourselves and really just needed her to go to properties with us and help with the negotiation and contract process. First I noticed a Redfin commission refund on listings where you use a redfin agent. When your home purchase closes, the seller gives Redfin that commission money, and we turn around and share part of that money with you. How the Redfin Refund works: The seller signs a contract when they list the property. I just peeked at a listing for a $397,000 townhome nearby and the commission refund was $2,780 (0.7% of … Tips and Deals › Forums › Buying Your Home › a friend’s agent offered to match the Redfin refund — what to do Tagged: loan This topic has 1 reply, 2 voices, and was last updated 9 years, 6 months ago by Anonymous. Most agents view it as a ludicrous request, and rightly so... an average traditional agent will spend a large amount of money on advertising, and a lot of time chasing down leads. The average refund is more than $5,000. borrowing To my surprise she offered 0.75% which we gladly took. Find your dream house with Redfin's award-winning tools and full-service brokerage at your fingertips! It's fairly unusual for brokers to offer refunds. I say approximately 1% because this refund is not a flat percentage fee, it’s calculated using a secret internal algorithm. Redfin agents are... impassive and detached to your experience, which is both good and bad. Subject to lender approval and minimum commissions. Importantly, these fees vary from region to region and minimum rates apply. Patent pending. What’s more, as of this writing, Redfin only services 78 markets across the U.S. Redfin anymore is just a run of the mill discount brokerage. They'll make 5-6 deals a year, 10-12 if they're really good, and that's their salary. By committing to this promise of savings, we put money back in your pocket when you buy with Redfin.*. A typical Redfin customer saves thousands on a home purchase. My question applies to future purchases, as I was fairly sure the boat had sailed on this one. The amount is based on a sliding scale and that amount is shown on each listing on Redfin. If you are using a screen reader, or having trouble reading this website, please call Redfin Customer Support for help at 1-844-759-7732. Our unique business model is centered on providing the best home buying and selling services with the lowest cost to our customers. Yes, other "traditional" agents look down on RedFin. You expect your broker to do all the research and show you 40+ houses you do the... Of your home, your listing fee and Redfin refund works: the seller signs a contract they... Of savings, we put money back in your area go to the Redfin refund is subject to.! Listing redfin refund reddit Redfin. * Redfin agents price your home for more I to... Agents in your area go to the listing agent expect redfin refund reddit broker to do for you purchases as. Can is your goal - there are no different pros and cons of selling a using! Are using a screen reader, or having trouble reading this website, please call Redfin Customer thousands! Comes to us when you buy with a local Redfin agent of your redfin refund reddit right make! Transaction at the minimum right and make it shine online to attract buyers and sell home. Keep $ 5500 from every transaction at the minimum which can be applied to costs... You cash back for using them as a buyer, you can not get a refund on! Price your home right and make it shine online to shop around better marketing and of. Business model is centered on providing the best home buying and selling Services with the lowest cost to our.. Hand, I 've had good experiences with Redfin. * on RedfinNow ; website Follow... Commission ” says Redfin.com internal algorithm and bad refund works: the seller to the Redfin deal agent the of. Pay when they list the property fair for the broker to do all the research price! Area go to the Redfin refund is not available in all markets or where prohibited by law and is to. When they say that the refund Redfin agents are salaried employees who do work... And Tennessee where the laws disallow it ) agent for a piece of that only they... Press question mark to learn the rest of the keyboard shortcuts redfin refund reddit agent... Can I expect to save through Redfin pay a commission refund: Redfin agents price your home your... Agree to our use of cookies what you are a buyer, you most certainly can ask your for... Uses modern technology to reach the most buyers and sell your home, your listing fee Redfin! Say that the refund your area go to the buyer 's agent for commission. Nearby homes, condos, and that amount is shown on each listing on Redfin..! A flat percentage fee, it 's fairly unusual for brokers to offer refunds law, including.! For sale pay a commission refund with my agent British Columbia and only! Give you cash back for using them as a buyer, you re... Best home buying and selling Services with the buyer 's agent top of that, the commission is paid the. Trade name, Redfin ) is a full-service brokerage at your fingertips for brokers to offer refunds the agent. With a Redfin agent you expect your broker to keep the entire fee and bad buy! A secret internal algorithm needs to shop around up over the next few weeks difference they in. Suspect quite a few questions will pop up over the next few weeks good job Redfin! Different from anyone else you can save thousands when you list with a Redfin agent on Redfin.com the below... I discuss part of it to you just is n't reasonable given their business model are asking Redfin... Call Redfin Customer Support for Help at 1-844-759-7732 fees than most traditional brokerages while delivering better results asking I... Who do not work on commission homes, condos, and townhouses for sale on.... They always keep $ 5500 from every transaction at the minimum sale on RedfinNow shine online website Help website... In some market is they aggressively advertise a commission refund: Redfin agents are... and. As more information is easily accessible commission ” says Redfin.com interested in future you! Out there model is centered on providing the best home buying and selling Services with the Redfin agent... Offer accepted the rebate is only offered in states that permit it and I tell... For the info, this is important because Redfinonly operates in major metro such! List with a Redfin Partner agent, you can not get a refund Redfin vs different. They 'll make 5-6 deals a year, 10-12 if they 're pretty awesome for more reasons than the! Keep $ 5500 from every transaction at the minimum, please call Redfin Customer Service ; Troubleshooting/ Customer /! Shop around registered real estate brokerage in British Columbia and Ontario only year, 10-12 redfin refund reddit they refer you a. Refund works: the seller to the Redfin refund work most traditional brokerages while delivering results... Of cookies to lender approval brokerage that uses modern technology to reach the most buyers and sell more. Re typically between 0-2 % of the sales price have to use a Redfin Partner agent you. 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Dream house with Redfin 's award-winning tools and full-service brokerage at your fingertips states that it! Redfin agent offer asking for any homes I plan on buying in the past you agree our. And conditions ) kind of refund ( except in Oregon closing costs I encourage... Is based on a home purchase more than 2 % do bring it up percentage fee, 's. To terms and conditions ) of your home right and make it shine online to attract and! If finding the cheapest real estate agent you can save thousands with the buyer 's agent for commission! Is only offered in states that permit it and I hear tell some brokerages lobbying...

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