Charging minimum fees for lower-priced properties.Reducing operating costs with a salaried team and tech integration.Redfin’s business model relies on offering steep discounts to attract a higher volume of customers, and then offsetting those low prices by: Redfin not available in your area? Or just want to compare your options? Check out our rankings of the best low commission real estate brands - and find a low cost realtor near you! How does Redfin work? markets, but it may not have agents available in rural areas. Redfin has an average customer rating of 3.7 out of 5 stars on review sites like Google, Yelp, and Zillow.Redfin agents use a tech-centric customer service model, which could mean less hands-on support.Sellers pay a 1.5% listing fee - and get a 0.5% refund if they buy with Redfin too.Redfin’s discount real estate brokerage service currently operates in more than 100 markets across the U.S.Redfin advertises a 1.5% listing fee, which is roughly half the 2.5–3% rate most conventional agents charge sellers. Redfin aims to offer the same basic services as traditional realtors - but charge a lot less. In 2020 alone, Redfin real estate agents served more than 64,000 customers and managed $37 billion worth of real estate transactions, according to data from REAL Trends. Founded in 2004, the company is headquartered in Seattle and serves over 100 markets across North America. Redfin is one of the largest discount real estate brokerages in the U.S. □ Find top local agents, get a 1.5% listing fee with Clever! What is Redfin? But with a Clever partner agent, you’ll get a more traditional, personalized agent experience - without paying full price. Redfin’s agents don’t provide as much individual attention because of their high-volume workload. You’ll also get more hands-on service from a Clever agent. Clever matches you with multiple top realtors from trusted brokerages like Century 21 and Keller Williams. Clever and Redfin offer similar savings, but with Clever you’ll always be paired with a high-performing agent. Our #1 Redfin alternativeĬlever Real Estate is our #1 alternative to Redfin. While Redfin is a legitimate company and offers good savings, you can get similar commission rates elsewhere without sacrificing quality. Redfin agents tend to provide less individual attention to clients, and there’s no guarantee you’ll be matched with a top agent. But these savings come at the expense of quality. Redfin’s listing fee is about half of what traditional realtors charge, which can save you a lot of money. In fact, the BBB gives the company an F rating and a score of 1.2/5 based on 55 reviews. However, Redfin is not accredited by the Better Business Bureau (BBB). Redfin reviews from customers are generally decent, with an average rating of 3.7/5 based on 301 reviews. Redfin fees | How Redfin works | See top Redfin alternatives | Read Redfin customer reviews Redfin reviews summary
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