628,764
They are in our area, had a showing w/ one of their agents who is paid by the hour. Accompanied a showing on my $1.7M listing , they arrive at 4:30pm to see a 10K sqft house... At 4:45 PM the RF agent says to the Buyer..." I did tell you we have to leave by 5PM" ?? They are an assembly line concept w/ Buyer agents on a hourly wage. BUYER BEWARE
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PropertyMinder (Accele...
San Jose, CA
-
Lynnea Miller
Bend, OR
-
Lyn Sims
Schaumburg, IL
-
Brenda Mayette
Glenville, NY
-
Buzz Mackintosh
Frederick, MD
-
Nina Hollander, Broker
Charlotte, NC
-
Dan Tabit
Sammamish, WA
-
Ryan Huggins - Thousan...
Thousand Oaks, CA
-
Debe Maxwell, CRS
Charlotte, NC
-
Pete Xavier
Pacific Palisades, CA
-
Mott Marvin Kornicki
Sunny Isles, FL
-
Katerina Gasset
Provo, UT
-
Candice A. Donofrio
Fort Mohave, AZ
5,229,439
I just checked - out of 11,500+ agents in the Charlotte market, 25 of them are Redfin agents.
They have...
- 22 active listings
- 44 under Contract listings
- 124 Closed listings in 180 days.
I don't see them as a 'threat' but, they are holding their own in a single office here. I know the broker very well - in fact, before she joined Redfin, I sold her personal home! She went to Redfin about 9 or 10 years ago and has recruited 24 agents over the years - most are hourly wage agents who are paid to show homes.
They are a discount broker but, they have a very popular website with the public.
Hope this helps, Mott!
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PropertyMinder (Accele...
San Jose, CA
-
John Juarez
Fremont, CA
-
Mott Marvin Kornicki
Sunny Isles, FL
-
Kathleen Daniels, Prob...
San Jose, CA
-
Lynnea Miller
Bend, OR
-
Lyn Sims
Schaumburg, IL
-
Richard Weeks
Dallas, TX
-
Anthony Acosta - ALLAT...
Atlanta, GA
-
Nina Hollander, Broker
Charlotte, NC
-
Evelina Tsigelnitskaya
Sunny Isles Beach, FL
-
Pete Xavier
Pacific Palisades, CA
1,543,602
1. Discount brokers (and they should since it's all new, inexperienced agents or veteran agents that couldn't hack it on their own.
2. They do have a market share here...as long as it's a sellers market anyhow.
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PropertyMinder (Accele...
San Jose, CA
-
John Juarez
Fremont, CA
-
Kathleen Daniels, Prob...
San Jose, CA
-
Lynnea Miller
Bend, OR
-
Brenda Mayette
Glenville, NY
-
Nina Hollander, Broker
Charlotte, NC
-
Debe Maxwell, CRS
Charlotte, NC
-
Mott Marvin Kornicki
Sunny Isles, FL
-
Katerina Gasset
Provo, UT
-
Michael Jacobs
Pasadena, CA
1,502,898
Their agents are employees in every sense of the word. They employ multiple tiers of agents (showing, offer writing, listing, etc.). They do offer a rebate to the buyer if one of their agents are used. I brought a buyer to one of their listings last year. The agent was good, but always had to have a weekday off, so that was rough to work around at times. They get a bonus based on client happiness at the end of the escrow.
Like any brokerage, they have their ups and downs. As an employee you get benefits (health, dental, etc.), but if you want to go to a meeting mid day, you need to block off that time on your calendar because they will schedule you without your approval. If you aren't big into prospecting, need that hourly wage safety net, have trouble getting your own leads... they are a viable option. If you want to be your own boss and work your own hours and do your own lead gen, they are not for you.
They are particular about how they price listings, they won't work with renters and they only work in certain price ranges... according to what I've heard from their agents on other forums.
As far as market share, they have a really good search app and I'll see a showing or two on my listings, but they do not have that big of a market share. Out here you're hard pressed to see one of their signs driving down the street, compared to a remax, berkshire hathaway, or other large brand.
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John Juarez
Fremont, CA
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Mott Marvin Kornicki
Sunny Isles, FL
-
Kathleen Daniels, Prob...
San Jose, CA
-
Lynnea Miller
Bend, OR
-
Lyn Sims
Schaumburg, IL
-
Brenda Mayette
Glenville, NY
-
Buzz Mackintosh
Frederick, MD
-
Nina Hollander, Broker
Charlotte, NC
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Candice A. Donofrio
Fort Mohave, AZ
1,052,176
Redfin's been around longer than AR.
That should tell you what you need to know.
zzzzzzzz
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PropertyMinder (Accele...
San Jose, CA
-
Mott Marvin Kornicki
Sunny Isles, FL
-
Tony and Suzanne Marri...
Scottsdale, AZ
-
Lyn Sims
Schaumburg, IL
-
Nina Hollander, Broker
Charlotte, NC
-
Candice A. Donofrio
Fort Mohave, AZ
-
Debe Maxwell, CRS
Charlotte, NC
-
Pete Xavier
Pacific Palisades, CA
519,324
I'm in their home market and deal with them regularly, along with many other "discount or limited service" options. Creativity peaks in a good market, but the next adjustment will shake many out.
Even though they've been around a while here, they don't have a major share of the market. I know of many less than satisfactory stories associated with them, but I've done some transactions that have been okay too. To my knowledge, they've yet to turn a corporate profit and rely on investors to survive, but they are a contender we interact with regularly.
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Aida Pinto
Los Angeles, CA
-
John Juarez
Fremont, CA
-
Mott Marvin Kornicki
Sunny Isles, FL
-
Debe Maxwell, CRS
Charlotte, NC
-
Candice A. Donofrio
Fort Mohave, AZ
-
Buzz Mackintosh
Frederick, MD
-
Nina Hollander, Broker
Charlotte, NC
1,844,271
No but they 'think' they are gaining ground. Just pulled up a town in my area & they ain't doin' so good for 1st 6 months of 2018.
Redfin sold my dads house a few years ago & talk about a bunch of bunglers. They feel professional carrying around their Ipads but don't know how to show a house. Buyer did get a rebate which is why they used them. Did they get good service? I don't know if they cared. They send another agent for each event & each one did not know what was going on.
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Aida Pinto
Los Angeles, CA
-
Mott Marvin Kornicki
Sunny Isles, FL
-
Candice A. Donofrio
Fort Mohave, AZ
-
Pete Xavier
Pacific Palisades, CA
-
Buzz Mackintosh
Frederick, MD
-
Debe Maxwell, CRS
Charlotte, NC
3,043,162
No market share here at all.
They do well in Seattle. They are a salary based real estate brokerage. I would say more ... hehehe...
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Mott Marvin Kornicki
Sunny Isles, FL
-
Nina Hollander, Broker
Charlotte, NC
-
Evelina Tsigelnitskaya
Sunny Isles Beach, FL
-
Debe Maxwell, CRS
Charlotte, NC
-
Fred Griffin Florida R...
Tallahassee, FL
-
Pete Xavier
Pacific Palisades, CA
953,617
Never heard of them.
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PropertyMinder (Accele...
San Jose, CA
-
Lyn Sims
Schaumburg, IL
-
Debe Maxwell, CRS
Charlotte, NC
-
Candice A. Donofrio
Fort Mohave, AZ
-
Fred Griffin Florida R...
Tallahassee, FL
-
Mott Marvin Kornicki
Sunny Isles, FL
5,583,278
they don't do much in my area.... discount agency....
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PropertyMinder (Accele...
San Jose, CA
-
Brenda Mayette
Glenville, NY
-
Nina Hollander, Broker
Charlotte, NC
-
Debe Maxwell, CRS
Charlotte, NC
-
Katerina Gasset
Provo, UT
-
Mott Marvin Kornicki
Sunny Isles, FL
2,684,009
Redfin went Public in 2017. They offer an enticing commission model to potential home sellers. Not here in Tallahassee, yet.
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Mott Marvin Kornicki
Sunny Isles, FL
-
Lyn Sims
Schaumburg, IL
-
Nina Hollander, Broker
Charlotte, NC
-
Debe Maxwell, CRS
Charlotte, NC
-
Katerina Gasset
Provo, UT
-
Pete Xavier
Pacific Palisades, CA
5,104,931
A discount brokerage firm who pays agents on an hourly basis. You've received a lot of good descriptions here.
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PropertyMinder (Accele...
San Jose, CA
-
Mott Marvin Kornicki
Sunny Isles, FL
-
Debe Maxwell, CRS
Charlotte, NC
-
Richard Weeks
Dallas, TX
-
Buzz Mackintosh
Frederick, MD
544,014
It's in my market for about 3 years.
Currently 7 Redfin agents out of approx 4,500 total agents.
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Mott Marvin Kornicki
Sunny Isles, FL
-
Nina Hollander, Broker
Charlotte, NC
-
Debe Maxwell, CRS
Charlotte, NC
-
Katerina Gasset
Provo, UT
763,783
I am with the Redfin Partner Program and have been for about 8 years. They used the local agents to determine whether the community was strong enough for the company to have their own agents. We did such a great job that we are now competing with Redfin corporate.
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Mott Marvin Kornicki
Sunny Isles, FL
-
Debe Maxwell, CRS
Charlotte, NC
-
Fred Griffin Florida R...
Tallahassee, FL
-
Michael Jacobs
Pasadena, CA
7,835,323
I do not know their market share.
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Mott Marvin Kornicki
Sunny Isles, FL
-
Nina Hollander, Broker
Charlotte, NC
-
Debe Maxwell, CRS
Charlotte, NC
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Michael Jacobs
Pasadena, CA
5,048,748
Not significant in my area of Southern CA but growing. They have a larger presence further north. They are offering a 1% listing fee in our area, and elsewhere, too, I believe.
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Nina Hollander, Broker
Charlotte, NC
-
Debe Maxwell, CRS
Charlotte, NC
-
Katerina Gasset
Provo, UT
-
Michael Jacobs
Pasadena, CA
5,772,575
Not here.
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Mott Marvin Kornicki
Sunny Isles, FL
-
Debe Maxwell, CRS
Charlotte, NC
-
Nina Hollander, Broker
Charlotte, NC
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Katerina Gasset
Provo, UT
809,258
They just opened a brokerage here this year but we don't see much of them yet. They are really big in our neighboring states. -Kasey
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Nina Hollander, Broker
Charlotte, NC
-
Debe Maxwell, CRS
Charlotte, NC
-
Fred Griffin Florida R...
Tallahassee, FL
-
Mott Marvin Kornicki
Sunny Isles, FL
711,752
Started in Seattle and have a goal to spread around the country. The public like their website. They are a discount brokerage which pay their agents a salary and offer commission rebates to buyers (which, thankfully, is illegal in Oregon).
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John Juarez
Fremont, CA
-
Mott Marvin Kornicki
Sunny Isles, FL
-
Debe Maxwell, CRS
Charlotte, NC
2,220,323
They are in my market, don't know much about them.
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Mott Marvin Kornicki
Sunny Isles, FL
-
Debe Maxwell, CRS
Charlotte, NC
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Anthony Acosta - ALLAT...
Atlanta, GA
1,712,676
Mott, you must be a new agent to just discover Redfin. Google it and no, their presence in our market is minimal.
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Mott Marvin Kornicki
Sunny Isles, FL
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Candice A. Donofrio
Fort Mohave, AZ
-
Debe Maxwell, CRS
Charlotte, NC
3,988,007
They are a discount broker and are in Middle TN. They have one of the best websites out there that is consumer friendly, That is where they are investing their money to capture the market.
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Mott Marvin Kornicki
Sunny Isles, FL
-
Debe Maxwell, CRS
Charlotte, NC
-
Nina Hollander, Broker
Charlotte, NC
6,392,929
I think that they are operating in Madison, an admin that I was interviewing mentioned that she had a redfin agent buy a lot of her firms listings.
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Mott Marvin Kornicki
Sunny Isles, FL
-
Debe Maxwell, CRS
Charlotte, NC
-
Fred Griffin Florida R...
Tallahassee, FL
3,344,906
They are in my area - no market share. I echo Ryan Huggins - Thousand Oaks, CA
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Ryan Huggins - Thousan...
Thousand Oaks, CA
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Mott Marvin Kornicki
Sunny Isles, FL
2,061,615
They have been in our market for about 10 years, or so. They are a brokerage that rebates to buyers. They don't have a large portion of our marketplace, but they have been around longer than other agencies with similar business models.
I've had transactions with several Redfin agents... they've gone smoothly, the agents have been professional... I really can't complain. They're not the devil incarnate, nor are they Voldemorte (sorry Candice).
They have a fantastic website... it's clean, easy to read, full of information... I wish ours was as comprehensive. They are pretty much a tech-company that also sells real estate.
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John Juarez
Fremont, CA
-
Mott Marvin Kornicki
Sunny Isles, FL
3,071,489
Candice A. Donofrio nailed this one!
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Mott Marvin Kornicki
Sunny Isles, FL
-
Candice A. Donofrio
Fort Mohave, AZ
4,800,082
They are big out west, I believe. Making some inroads into Florida as well.
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Mott Marvin Kornicki
Sunny Isles, FL
-
Debe Maxwell, CRS
Charlotte, NC
5,216,347
How about a pain in the A$$?
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Mott Marvin Kornicki
Sunny Isles, FL
-
Candice A. Donofrio
Fort Mohave, AZ
3,416,038
I have seen only 2 listings in my area, sadly sellers looking to save money and sacrafice service. One i drive by as been for sale for a long time as many homes in the area sell in a short week or so.
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Mott Marvin Kornicki
Sunny Isles, FL
-
Debe Maxwell, CRS
Charlotte, NC
2,182,502
Not in our Market (yet ?)
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Mott Marvin Kornicki
Sunny Isles, FL
-
Debe Maxwell, CRS
Charlotte, NC
4,882,355
They have an office in our area. I think they advertise as a discount brokerage. I don't have in first hand information.
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Mott Marvin Kornicki
Sunny Isles, FL
-
Debe Maxwell, CRS
Charlotte, NC
4,319,419
REDFIN is the brokerage company in many states. Not so much market share in our area.
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Mott Marvin Kornicki
Sunny Isles, FL
-
Debe Maxwell, CRS
Charlotte, NC
1,045,440
They are here and doing business but primarily working with buyers that aren't getting their offers accepted in my experience. The agents don't seem to have the time or experience.. gee I wonder if giving back so much of their commissions makes it hard for them to provide a complete full service.
I have spoken to many former agents their and they do experience these issues at least among those I have heard from.
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Mott Marvin Kornicki
Sunny Isles, FL
3,986,258
Not much of a presence in my Minnesota area. I am glad
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Mott Marvin Kornicki
Sunny Isles, FL
5,868,372
They have a strong presence here in Denver too.
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Mott Marvin Kornicki
Sunny Isles, FL
152,204
No, not in my area, but I hear they have a lot of complaints about the level of competency of the agents, and how they are over worked and underpaid, how they don't really have time to provide professional service to the clients, etc....they are on yelp and consumer affairs. The complaints come from past clients and even from past and current employees---look them up on Glassdoor.
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Mott Marvin Kornicki
Sunny Isles, FL
989,652
4,935,567
I am not sure of there model but they are going strong in our are for the last 6 months.
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Mott Marvin Kornicki
Sunny Isles, FL
922,083
They are in Connecticut now but seems like they only have one agent for the whole state......
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Debe Maxwell, CRS
Charlotte, NC
2,071,025
281,539
I just heard of them last week on the financial web Marketwatch.com
They claimed the housing market is slowing down.
1,311,367
REDFIN is a real estate company. Do have a presence in our market although I would not call it significant. Their hook for clients is that they offer rebates of a portion of their commissions. Their website is excellent and attracts many lookers.