Redfin expands real estate brokerage to new vacation destinations

SEATTLE, November 15, 2021 /PRNewswire/ — (NASDAQ: RDFN) — Redfin (www.redfin.com), the technology-driven real estate company, today announced its launch in Big Bear, Calif., and Ocean City, MD and expanded its brokerage services in Hudson Valley, NY to include portions of Ulster County. In these markets, consumers can now buy and sell homes with local Redfin agents and use Redfin’s website and mobile app to search for homes for sale, book on-demand home tours and track estimated value. of their home with the Redfin estimate.

Redfin’s unique model combines personal agent service and technology to deliver a better customer experience at a lower cost. To date, Redfin has saved clients over $1 billion in real estate commissions.

Redfin now serves more than 100 markets across the United States and Canadaincluding a growing number of second home markets that have gained popularity with vacationers and remote workers during the pandemic.

“Since the pandemic has created more flexibility in where we live and work, we’ve heard from many customers who want to use Redfin’s mix of technology and trusted local agents further outside of city centers. “, said James Marks, Senior Director of Emerging Markets at Redfin. “We are delighted to help homebuyers who want to escape to OceanCityholiday at Great Bear Lake, and adventure in the Hudson Valley. For door-to-door sellers, we offer full service and top-notch marketing for half the usual fee.”

Redfin agents provide a full door-to-door sales service including pricing and staging advice, free professional photography, 3D virtual tour, digital website and social media marketing, and prime placement on Redfin.com. Redfin charges a 1% listing fee when a client sells and buys their next home with a Redfin agent, compared to the 2.5-3% listing fee that is typical of most brokerages. For customers selling with Redfin without buying another home, Redfin charges a 1.5% listing fee, still significantly lower than the usual fee.

Redfin also helps buyers save on average $1,750 at close through Redfin redemption. In most markets, including those announced today, when a customer buys a home with a Redfin agent, Redfin gives a portion of the commission they earn to the buyer in the form of a refund to the fencing. For homebuyers, Redfin makes it easy to receive instant updates as soon as a new home comes on the market and book a home visit with a local Redfin agent with the click of a button.

Unlike most agents who are independent contractors, Redfin agents are employees who earn salary, benefits, and bonuses for sales made. They meet customers through Redfin’s website and app, allowing them to focus on serving their customers, rather than spending time finding new ones. Redfin customers are asked to rate the service they received from their Redfin agent, and these reviews are posted on agents’ online profiles, providing transparency and ensuring that Redfin agents are accountable for delivering results to their clients.

To get in touch with a local Redfin agent, visit redfin.com. Learn more about working at Redfin and apply for open positions at redfin.com/careers.

About Redfin

Redfin(www.redfin.com) is a technology-driven real estate company. We help people find a home with brokerage, instant home buying (iBuying), rental, loan, title insurance, and home improvement services. We sell houses for more money and charge half the fees. We also run the #1 real estate brokerage site in the country. Our homebuyer clients see homes first with on-demand viewings, and our loan and title services help them close quickly. Customers selling a home can receive an instant cash offer from Redfin or have our renovation team repair their home to sell for the best price. Our rental business helps millions of people across the country find apartments and houses for rent. Since its launch in 2006, we have enabled our customers to save more than $1 billion in commissions. We serve over 100 markets across the United States and Canada and employ more than 6,000 people.

For more information or to contact a local Redfin estate agent, visit www.redfin.com. To learn more about housing market trends and download data, visit Redfin Data Center. To be added to Redfin’s press release mailing list, email [email protected]. To see Redfin’s press center, Click here.

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SOURCE Redfin