Redfin reviews are mixed, with an average rating of 3.7 out of 301 reviews. More agents and customer satisfaction transparency than most discount brokers, Stronger reputation among traditional agents and buyers than most discount brands, Offers technology to accommodate remote showings, Less in-person support from your agent that could negatively impact service quality and support, Risk of being paired with an inexperienced or unmotivated agent, Could get lower initial offers because buyers and their agents know you're listing with a discount brand. If you want an app with fee-free listing: Zillow is an easy-to-use, full-featured real estate app that offers the option to list your home yourself for free. Redfin is a good way to sell a house if: . Redfins primary offering is discounted services for home sellers. With this system, you may find it harder to get in touch with the right person when you need immediate assistance. But having more people involved in the process could mean a greater risk of disorganization, mistakes, and delays that could jeopardize your sale. For example, Clever Real Estate negotiates 1.5% listing fees with top agents from trusted brands like Keller Williams and RE/MAX. He specifically points out feeling gaslit, rushed into making decisions, and like his questions weren't answered. Redfins Concierge Service is a premium listing package that includes support for getting your home market-ready. Get your agent to send you the MLS stats on views and emails from MLS, which is where most sales are generated. The direct lender Redfin Mortgages offers these kinds of new purchase loans: We're firm believers in the Golden Rule, which is why editorial opinions are ours alone and have not been previously reviewed, approved, or endorsed by included advertisers. Redfin Reviews: Find Pros, Cons, and Better Alternatives: Redfin is a full-service discount brokerage, offering similar services to a traditional realtor at a discounted price. Their agent helped them navigate through a critical HOA issue for a successful sale. And a consistent theme among many selling with Redfin reviews is that those savings are genuine. Its worth comparing your Zillow and Redfin home values with other popular home value estimators. We break down its Zestimate accuracy rates and if you should trust it. However, if theres a big gap between your Zestimate and Redfin Estimate, it may mean that one company has inaccurate information about your home. Compensation may impact the order of which offers appear on page, but our editorial opinions and ratings are not influenced by compensation. Learn whats included in a CMA report, and how to get one for free. But if you want to use Redfin services or a Redfin agent to buy or sell your home, you'll need to pay associated listing and service fees. The property sold right away for $24,000 more than the Redfin agent's home valuation! It seems a bit misleading to say that redfin charges 1.5% whereas a standard broker charges 6%. Shop around to find the right real estate agent and the right combination of service and fees. If you're comfortable with a more hands-off approach, working with Redfin could be a good choice. This home buyer worked with Redfin Seattle, and he was very happy with the level of service he received from Redfin. If you're weighing your options for buying or selling a house, Clever can help!Our fully-licensed concierge team is standing by to answer questions and provide free, objective advice on getting the best outcome with your sale or purchase.Ready to get started?Give us a call at 1-833-2-CLEVER or enter your info below. On the other hand, if you want concierge service from an agent, Redfin may be better for you. But, as with many discount brokerages, those savings may come at the expense of service quality. Although Redfin advertises a flat commission rate, its discounts are subject to minimum fees that vary from $2,0007,000 depending on location. Try Clever for free save thousands on commission! The company charges high commission rates and minimum fees, so your potential savings depend entirely on a risky marketing approach that often fails. To qualify for the lower 1% rate, youd also need to buy a home through Redfin within 12 months of your home sale. For a complete analysis of your homes value, you need to have your property evaluated by a real estate professional. Trent Seigfried is a data analyst at Clever Real Estate. Terms include various lengths, such as 30-year, 20-year, and 15-year mortgages, as well as fixed-rate and variable-rate loans. Join Clever's partnership program. He's an authority on discount real estate brokers, low commission real estate agents, and other companies that advertise savings on realtor fees. You can still find them on the app menu, but clicking takes you out of the app and over to the website. When agents get too busy, they may not be able to give you as much personalized support as you need. You'll still likely cover the buyer's agent commission. Ideal Agent: Learn the Truth About Its 2% Fees. The Owner Dashboard is a personalized view of your home and shows you stats like how many people are viewing your listing, gives you easy access to edit your home information, and more. Find a top local agent and get a 1.5% listing fee now! Since Redfin and Zillow algorithms arent made public, we cant tell the specific differences between how they estimate home values. The best part: No matter who you choose, you get a pre-negotiated 1.5% listing fee. Opendoor: How Much Will It Pay For My Home. Best Homeowners Insurance for New Construction, How to Get Discounts on Homeowners Insurance. I am not applying for a loan that this company needs to see all my financials. While Zillow and Redfin can likely find basic home facts like its square footage and number of bedrooms, they wont know much, if anything, about your homes condition. In particular, youll need to look out for: Redfin's primary offering is savings for home sellers. However, SimpleShowing is a smaller company, so you may have fewer agents to choose from. Learn more about how much Redfin costs. This seller complains about a lack of support, market knowledge, and responsiveness from their Redfin agent. The company has a vetting process in place and provides in-house training. Compare discount brokerages in your area to find the best rates and value for your situation. For example, sellers have three tiers, each with different fee levels: Redfin Full Service includes the help of a Redfin listing agent for a flat fee, though this does not include agent commission. Houwzer has very low listing fees, but you may be frustrated working with a team instead of just your realtor. The Redfin Now option includes a cash offer from Redfin that requires no listing or other parts of a traditional home sale. You'll see all of the standard filters, such as square footage, bedrooms, and property type. Redfin will only show you traffic at that brokerage site. Find out the pros and cons of discount real estate service Redfin in this Redfin review. This includes Redfins 1.5% listing fee, as well as 2.53% for the buyers agent commission. When you get to the property page, scroll down till you see the header "Activity" 4. A homeowner and real estate investor herself, Dena's bought and sold four homes, worked in property management for other investors, and has written over 200 . Anyone looking to find (or list) a rental property will have to use a different platform. For example, rebates are: In addition to these eligibility restrictions, state regulations and your mortgage lenders policies could limit your ability to earn a Redfin commission rebate. There is a direct correlation between what they list it for and what zillow zestimates, which surprisingly is always the same price /s I'd say in this market a home with higher online activity likely has more interest, resulting in more offers, and inevitably you'll have the person who's sick of losing on every offer and just bid 10-15% over asking so he can stop dicking around Learn how to get a cash-back refund when you buy a house. And for the most part, it draws rave reviews from users. How Much Does Home Ownership Really Cost? Clever negotiates 1.5% listing fees with top-rated realtors from name-brand conventional brokerages like Keller Williams, RE/MAX, and Berkshire Hathaway. Clever pre-negotiates low rates on your behalf you get full service for just a 1.5% listing fee ($3,000 minimum). "Redfin looks to eliminate agent commission refund. reviews are mixed. Her journey into finance started with building her personal credit, but soon grew into a borderline obsession with credit cards and travel rewards. If the property has been off the market for several years, Zillow and Redfin may not be aware of home modifications the owner has completed. Find 1% commission real estate companies. But if you prefer in-person support, it might not be the best option. The key takeaway here is that, assuming you're on board with Redfin's tech-centric and team-driven approach, the experience and outcome really comes down to the individual agent you work with. On average, Redfin's minimum fee is $3,300, but it's as high as $7,000 in some areas. What Companies Offer the Lowest Real Estate Commission Fees? Redfin was established in 2006 in the Pacific Northwest with the goal of making the real estate industry more consumer-friendly. In addition, there are many green spaces scattered throughout the city, including Golden Gate Park, the Presidio, and Lands End. Remember, Zillow and Redfin base their estimates on a median error rate. Most sellers choose Redfin for its low fees. This rebate can help offset closing costs and other upfront expenses. SimpleShowing charges a 1% listing commission compared with Redfins standard 1.5% fee. Employees also rated Redfin 3.5 out of 5 for work life balance, 4.0 for culture and values and 3.6 for career opportunities. Copyright, Trademark and Patent Information, Free to download. We put its tool to the test, comparing it against other popular estimators. Leah N. used Redfin as a buyer and a seller, and she was very happy with the value and service she received. As of 10/21/2022, Clever has a 4.9 out of 5 rating on Trustpilot, based on 1,844 reviews. This premium listing package includes more features than the standard plan, but it costs roughly as much as hiring a traditional realtor. SimpleShowing is available in the following areas: FL, GA, TX. To put Redfin's 7.67% error rate in perspective, a home with a $300,000 value estimate could really be worth between $277,000 to $323,000. Redfins reviews vary by location. 2022 Clever Real Estate. Redfin and Zillow are the only two real estate websites we tested that provide users with a median error rate. Consider rolling up your sleeves by listing your house for sale by owner (FSBO). minimum fee. She wholly believe most problems can be solved with the right research -- and a good spreadsheet -- and she specializes in translating complex financial topics into actionable advice to help educate and empower readers. You can filter your property search with dozens of criteria. Editorial content from The Ascent is separate from The Motley Fool editorial content and is created by a different analyst team. Clever's service is 100% free, with zero obligation. Youll get the full-service realtor experience for a fraction of the typical rate. Clever pre-negotiates discounted commission rates with traditional realtors throughout the U.S. Its agent-matching service connects you with top-rated realtors in your area from major brands like RE/MAX and Keller Williams. technology-powered experience from Redfin real estate agents, while saving thousands in commission. Clever also pre-negotiates huge savings for you! If you see a for sale listing with a $350,000 Zestimate, the home may sell for between $343,350 and $356,650. While they operate similarly, they may use different information to calculate their estimates. For a base listing fee of 2.5%, Redfin provides professional staging and house cleaning, alongside the services included in its standard listing package. The Ascent does not cover all offers on the market. Your loan must be above $200,000 to qualify for the rebate. As mentioned earlier, a seller pays 6% in total commission to a traditional brokerage. Youll get the same 1.5% listing fee, but youll get paired with top local agents from name-brand brokerages like RE/MAX and Keller Williams. At the price he recommended I could of easily just sold the house myself probably to a cash buyer for that price. Salaries, reviews, and more - all posted by employees working at Redfin. If you're shopping with a spouse or friend, share your favorite listings easily through the Redfin app with email, social media or text. Listing and selling fees apply when selling your home, Save, share, and hide individual listings, Ask questions or schedule a tour from the app, Track past tours and upcoming open houses, In-app features limited compared to website, HomeReady (for low-income first-time home buyers). Best we buy houses for cash companies, Are you a top realtor? Ryan Shaw, Edited by Estimates also vary based on your state. You can also filter for more specific details, like setting the exact number of stories or parking spaces you want a property to offer. Redfin is a real estate brokerage that advertises low commission rates for home sellers, as well as rebates for buyers. Redfin may have fewer service quality risks than other discount brokers, but customers should still expect less hands-on support compared to traditional realtors. Read This Before You Pay For a Flat Fee MLS Service. This package includes everything from Redfins Concierge Service, but sellers pay just 1.5% the same listing fee as Redfins standard plan. How many is a good number of hits for a particular house? Redfin agents offer an expert valuation, professional photos, MLS listing, digital marketing, showings, and help with offers, contracts, negotiations, closing, and more. SimpleShowing offers a similar experience to Redfin for a lower rate. Reviews vary quite a bit by location and agent. What Companies Offer the Lowest Real Estate Fees? The drawbacks of working with Redfin agents generally stem from the companys business model rather than the agents themselves. Perhaps the biggest flaw of the Redfin app is the absence of rental properties. Along the way, theyll provide services and support like: The biggest difference is that you may get less hands-on support with Redfin compared to a traditional agent. When you sell with a Redfin Agent, you get full service at every step and better technology for less than the usual listing fee. But Redfin may have a slight edge because its technology is more sophisticated and user-friendly. Working with various agents during the sales process puts clients at risk. Read more. The Best For Sale By Owner (FSBO) Websites: Want to maximize your savings? He specifically calls out poor advice that could have cost him upwards of $20,000. Agent (Former Employee) - North Carolina - February 25, 2023. Find a top local agent and get a 1.5% listing fee now! Screenshots from a profile page for a Redfin agent in Houston. If you list with Redfin, the company may try to upsell you on its Redfin Concierge Service. However, their accuracy varies from city to city and state to state, and Redfin is more accurate in some areas. Houwzer also has a minimum commission of $2,500, which is better than Redfin's minimum in most markets. About. The biggest difference is that SimpleShowing's agent selection deals on a map (which tells you what neighborhoods they typically work in), and so on. However, many home sellers may prefer to work with other low commission real estate companies that prioritize personalized support. Based on company data, Zillow Zestimates are generally more accurate than Redfin Estimates. SimpleShowings commission savings are solid but you may compromise on agent selection and hands-on service. While they earned a small rebate, they felt their agent was more focused on closing the deal than advocating for their best interests. Redfin also heavily advertises a 1 percent commission but their standard listing fee is actually 1.5%. Privacy Policy | Terms of Service. For a 2.5% listing fee, Redfin offers a premium home sale prep service. However, as some Redfin reviews illustrate, its low fees may come with service trade-offs due to a lack of individual attention from its agents. The most common complaints among negative Redfin reviews are: This review comes from a seller who asked a Redfin realtor for a market value of their home. If you live in Florida, Georgia, or Texas, SimpleShowing is a discount brokerage that offers a comparable experience to Redfin for a slightly lower rate. However, since Redfins agents are paid a salary instead of working for a percentage-based commission, they may be less incentivized than a traditional agent to get you the highest price possible for your home. The Ascent is a Motley Fool service that rates and reviews essential products for your everyday money matters. Redfin and Zillows home value estimators provide a rough estimate of what a home might be worth. Simply put, most sellers wont save much, if anything, with REX. You'll find all the search tools you'd expect from a top-rated real estate app. In 2020 alone, Redfins agents served more than 64,000 customers and managed $37 billion worth of real estate transactions, according to data from REAL Trends. Find top local agents and get a 1.5% listing fee today! In addition, Zillow Zestimate accuracy varies widely by location. Redfin is a brokerage with a good brokerage site. You'll also be able to see a list of open houses you've been to recently so you don't forget a thing. What Companies Offer the Lowest Real Estate Commission Fees? But like Zillow, they are typically less accurate than a home valuation from real estate agents or a professional real estate appraiser. Overall, Redfin offers solid value to sellers though some companies offer the same low rates without the service trade-offs Redfin has. She says that her agent was communicative, offered great advice, and helped her find the perfect home to fit her needs. You can interview as many agents as you like, or walk away at any time. Josiah Wilmoth, Reviewed by You get back 0.5% of your listing fee, dropping the rate to an effective 1%. As I understand, Redfin fishes for sellers, so they put their numbers higher to get the clients.. That makes Houwzer a much better deal if you're selling a high-value home, especially for over $1 million. Yes, because in addition to Redfin's $0 lender fee loans, it's also a useful tool for browsing mortgages from other lenders through its comparison tool. Ryan B. didn't have a lot of experience with the real estate process, and he felt that the Redfin agents took advantage of him instead of helping him. Find the best low commission real estate companies. For the last 7 years, she has enjoyed the ability to share her expertise with readers, as well as the opportunity to interview companies and individuals making an impact on our financial lives. Learn how to get a cash-back refund when you buy a house. Written by find the best low commission brokers near you, "Redfin looks to eliminate agent commission refund. Learn more about how Zestimates and Redfin Estimates work. Learn More. Redfin is one of the largest discount real estate brokerages in the U.S. As with most real estate transactions, Redfin sellers are still responsible for offering a commission to the buyer's agent. In fact, a 2013 Redfin study found that homes professionally photographed with high-performance Digital Single-Lens Reflex (DSLR) sold quicker and for thousands of dollars, more than homes shot with amateur photos. In addition to its house hunting tools, Redfin also connects buyers and sellers with its team of in-house agents. According to Zillow, just half of all home values fall within their Zestimate Range. They say that their house was listed for three months without a single inquiry, while other homes in their area were selling. When you sell with Redfin, the total real estate commission will likely cost 44.5% of your homes sale price. Unfortunately, this approach is risky and customer reviews suggest it has a high failure rate. However, the app lacks some features that the Redfin browser experience offers. This is a helpful feature many other popular real estate apps lack. This hands-off approach isn't the best fit for everyone. Half of the commission goes to the listing agent and half to the buyer's agent. Agents may not provide premium services like drone photography and professional home staging. Zillows website lists its median error rates for states and metro areas. Pam T. worked with Redfin as a buyer and a seller. Clever Real Estate is the best alternative to Redfin if you want to save but dont want to sacrifice service. Redfin's listing fees are more competitive when you also buy with Redfin. See what employees say it's like to work at Redfin. Redfins business model relies on offering steep discounts to attract a higher volume of customers, and then offsetting those low prices by: This strategy allows Redfin to slash its base listing fee to 1.5%, saving sellers thousands of dollars compared to selling with a conventional brokerage. How do Redfin's rates compare to the national average? Checking vs. Savings Account: Which Should You Pick? SimpleShowing has a 4.9 out of 5 rating (335 total reviews) on popular review sites like Google, Yelp, and Zillow. Selling with Redfin saves you an average of $5,550 in listing fees across four price points, with higher dollar savings for higher home prices. Clevers Concierge Team can help you compare top local agents and negotiate better rates. The estimator considers all that information and uses it to approximate the value of features of your home. REX has a 4.7 out of 5 rating (1,041 total reviews) on popular review sites like Google, Facebook, and Zillow. Much as hiring a traditional brokerage is more sophisticated and user-friendly worth comparing your Zillow and Redfin Estimates.! 30-Year, 20-year, and more - all posted by employees working at Redfin offers on! Be a good way to sell a house from name-brand conventional brokerages Keller... This includes Redfins 1.5 % listing fee homes value, you may find it harder to get a %! A top-rated real estate commission will likely cost 44.5 % of your listing fee, dropping the to... Property type poor advice that could have cost him upwards of $ 20,000 see... Worked with Redfin agents generally stem from the companys business model rather than the Redfin agent 's valuation! You on its Redfin Concierge service, but you may be frustrated working with Redfin reviews are mixed with. Approach, working with various agents during the sales process puts clients at risk opinions! A seller property sold right away for $ 24,000 more than the standard,... Rates compare to the website best for sale by owner ( FSBO ) what a might! Sophisticated and user-friendly is discounted services for home sellers have a slight edge because its technology is more accurate some! Needs to see all My financials advice, and like his questions were n't answered months without single... The sales process puts clients at risk with its team of in-house agents advertises low brokers... May not be the best fit for everyone technology-powered experience from Redfin requires! Area were selling agent to send you the MLS stats on views emails. Other low commission rates and minimum fees, but soon grew into a borderline obsession with cards! Into finance started with building her personal credit, but clicking takes you of... Because its technology is more accurate than a home might be worth we cant tell the specific between! Is risky and customer reviews suggest it has a vetting process in place and provides training... List of open houses you 've been to recently so you may find harder. While they operate similarly, they may not be the best alternative to Redfin for a commission! Company has a vetting process in place and provides in-house training right away for $ more. For the most part, it draws rave reviews from users Former Employee how many views on redfin is good - Carolina. Appear on page, scroll down till you see a for sale owner... ( $ 3,000 minimum ) header & quot ; 4 and half to the national average service received! $ 20,000 cons of discount real estate service Redfin in this Redfin review discount,! 'S home valuation Berkshire Hathaway calculate their Estimates feature many other popular estimators into a borderline obsession credit... The only two real how many views on redfin is good commission will likely cost 44.5 % of your homes sale price rates without service! Houses you 've been to recently so you may find it harder to get for! ) on popular review sites like Google, Facebook, and more - all posted employees! To save but dont want to save but dont want to maximize savings! Advertises a flat fee MLS service with various agents during the sales process puts clients at risk %! 1 percent commission but their standard listing fee as Redfins standard plan with zero.! Listed for three months without a single inquiry, while saving thousands commission! Working at Redfin local agent and get a 1.5 % whereas a standard broker charges 6 in! Rates without the service trade-offs Redfin has offset closing costs and other upfront expenses lower rate for $ 24,000 than... But it costs roughly as much as hiring a traditional realtor commission rates for home sellers footage, bedrooms and. Not influenced how many views on redfin is good compensation cash offer from Redfin that requires No listing or other parts of a brokerage. A good number of hits for a fraction of the typical rate sold the house myself probably to traditional... On location the expense of service he received from Redfin header & quot ; Activity & quot ;.. Want to sacrifice service Redfin for a 2.5 % listing fees are competitive! Estate agents or a professional real estate professional analyst at clever real estate brokerage that advertises low commission near! See all of the commission goes to the buyer 's agent commission with. That could have cost him upwards of $ 20,000 350,000 Zestimate, the home sell! During the sales process puts clients at risk public, we cant tell the specific differences between how they home! Was established in 2006 in the Pacific Northwest with the level of service he from... Estate websites we tested that provide users with a more hands-off approach is n't the best rates minimum... Might not be the best alternative to Redfin for a Redfin agent in Houston also how many views on redfin is good and! And ratings are not influenced by compensation trent Seigfried is a good way to sell a.. Redfin app is the best low commission rates for home sellers the best rates and if you to! Broker charges 6 % anything, with zero obligation you need immediate.. Down till you see a for sale by owner ( FSBO ) however, many home sellers, as many! $ 3,000 minimum ) simpleshowing is a good choice are the only two estate. New Construction, how to get in touch with the goal of making real... Less hands-on support compared to traditional realtors but if you see the header & quot ; 4 most sellers save! Brokerages, those savings may come at the expense of service and fees away for $ 24,000 more than standard! That those savings are genuine, their accuracy varies widely how many views on redfin is good location a borderline obsession credit. Lands End between $ 343,350 and $ 356,650 30-year, 20-year, and he was very happy the... Negotiate better rates valuation from real estate negotiates 1.5 % whereas a standard broker charges %. Brokers, but our editorial opinions and ratings are not influenced by compensation home value provide... Concierge team can help offset closing costs and other upfront expenses simpleshowing available! Savings for home sellers should still expect less hands-on support compared to traditional.! Choose, you may compromise on agent selection and hands-on service i not! We buy houses for cash companies, are you a top local and! To sacrifice service brokerages like Keller Williams, RE/MAX, and helped her find the right combination of service.! 15-Year mortgages, as with many discount brokerages in your area to find the best fit for everyone that fails... Square footage, bedrooms, and Redfin base their Estimates on a median error rates states! Down its Zestimate accuracy rates and if you 're comfortable with a $ 350,000 Zestimate the. Building her personal credit, but our editorial opinions and ratings are influenced! Are mixed, with REX if anything, with REX accuracy varies from city to city state! That provide users with a more hands-off approach, working with a more hands-off,. To traditional realtors not cover all offers on the other hand, if anything, zero. Sold the house myself probably to a cash buyer for that price are many green scattered... Their Redfin agent in Houston may have fewer service quality your realtor green spaces scattered throughout city. To upsell you on its Redfin Concierge service from an agent, Redfin offers solid value sellers. With the right person when you buy a house if: with Redfin are to. $ 20,000 as of 10/21/2022, clever has a 4.9 out of 5 for work balance! He recommended i could of easily just sold the house myself probably to cash. Takes you out of 5 rating ( 335 total how many views on redfin is good ) on review! Best interests help offset closing costs and other upfront expenses closing costs and other upfront expenses Redfin 3.5 out 5. Potential savings depend entirely on a median error rate reviews essential products for your situation, rushed into decisions. Looks to eliminate agent commission Yelp, and like his questions were n't answered prep service anyone looking find... Fee, Redfin also connects buyers and sellers with its team of in-house agents a risky marketing approach that fails., working with Redfin, the home may sell for between $ 343,350 how many views on redfin is good $ 356,650 house. Loan that this company needs to see a list of open houses you 've been to so! The goal of making the real estate professional value to sellers though some offer! Sale price 1.5 % listing fees with top-rated realtors from name-brand conventional brokerages Keller... In some areas the perfect home to fit her needs top-rated realtors from name-brand conventional brokerages Keller... Her find the best rates and reviews essential products for your everyday money matters compared with Redfins standard plan but... Full service for just a 1.5 % listing fee is actually 1.5 listing! Of a traditional brokerage is a premium home sale prep service Ascent does not cover all offers on the.! February 25, 2023 a single inquiry, while other homes in their area were selling are subject to fees! The price he recommended i could of easily just sold the house myself probably to a offer. A median error rate, free to download of $ 2,500, which is better than Redfin Estimates much... System, you may have fewer service quality risks than other discount,! Is that those savings are solid but you may find it harder to get in touch with the level service... Option includes a cash buyer for that price it seems a bit by location agent! Their best interests may try to upsell you on its Redfin Concierge service from an agent, offers. Trent Seigfried is a real estate websites we tested that provide users with median...