Redfin
Redfin Corporation, located in Seattle, is a residential real estate brokerage that operates in 95 locations in the United States and Canada, as well as in other markets through partner/referral agents. Its business plan includes charging house sellers below-average fees of 1.5% of the sale price of a property, in addition to buyer's agent fees (typically 2.5% of the sale price of a property). In terms of value, the corporation has a 1.17% market share in the United States in 2021. The company name is an anagram of the phrase's "finder" and "friend".
Redfin is a licensed real estate agency, but it's best known for its popular house searching website. Redfin offers the same homes as other similar housing websites, but it also provides a few of added beneficial features. Each listing, for example, provides a "Redfin Competitive Score", which indicates if properties in the neighborhood are selling above or below their advertised price. If you're interested in a specific neighborhood, you can receive push notifications through the app with information on new listings on the market. Redfin also has a refund program for qualified buyers. If you qualify and live in a state that offers rebates, you may be able to save money on your closing costs. Find out more about home buyer rebates.
Pros:
- Redfin.com obtains data directly from the MLS, ensuring that property information is correct and up to date.
- Redfin provides a refund to qualified buyers on certain residences.
Website: redfin.com