If you are a Realtor, are you terrified of Redfin? Well if you are pondering what, or who, Redfin is, go check out their Web site http://www.redfin.com/stingray/do/start and see if they have an office in your area.
It is an online real estate service that permits:
Their high technology, low commission structure is striking fear into the hearts of Realtors! The biggest challenge is the rebates given to buyers in some geographic areas. Two thirds (2/3) of the buyer's commission is refunded to the home buyer!
The CBS television show '60 Minutes' broadcast a 14-minute segment of the Redfin company. The broadcast mainly focused on the Seattle area. To view this broadcast, go to
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The Mortgage Go To Guy! . . . The mortgage industry is always changing; please permit me to navigate you through the maze. Get out of an ARM by refinancing. New home loans & commercial loans too!
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thanks for the link.
A fellow ActiveRainer said it all recently: you get what you pay for. It is true in everything in life. It is true in real estate, too. Mike C
I think it is just good motivation to stand above these services..
Cheryl,
I could not find your post about the MLS Crack Down on Redfin?
Michael
I believe you get what you pay for. Their website says it's coming to Chicago, SOON. I guess we will find out what kind of impact it has on our market.
These companies come and go like all discount brokerages. When the market is good a monkey sell a house... but now that a large part of the US is in a buyers market these companies will continue to go chapter 11.
Ben Kinney - Bellingham WA Real Estate
Michael,
I personally am not worried about Redfin taking my business. I plan on taking Redfin's business;-)
Read my post about my most recent experinece with Redfin in Seattle!
http://activerain.com/blogsview/327324/Redfin-The-Real-Estate