Redfin listing experience

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Redfin listing experience

James McGovern
Flipper/Rehabber · Bloomfield CT · Member since 2020 · 1k+ posts · 409 votes

Recently listed a property using Redfin that was much improved over local agents. The commission was 1.5% and included not just professional photos but also a 3D virtual walkthrough. They commit in writing to extensive marketing 

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Brandon VukelichBusiness Member
Real Estate Broker · Tacoma, WA: 🏢 27 LTRs 🏡 3 STRs · Member since 2018 · 549 posts · 458 votes
1y

Yep, that's their model. It can work for some sellers but not all. Most people still prefer agents they know and trust. There is more to listing a property than pics and videos. Just some things to consider when you select an agent: market knowledge, years of their experience or their team's exp, pricing strategies, transaction management (after you're under contract), etc.

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  • Clayton Silva
    Lender · CA · Member since 2018 · 638 posts · 393 votes
    1y

    Interesting, did it sell or is it on market?  How was the experience overall and do you think you got/will get the target sale price you wanted?

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  • Brandon VukelichBusiness Member
    Real Estate Broker · Tacoma, WA: 🏢 27 LTRs 🏡 3 STRs · Member since 2018 · 549 posts · 458 votes
    1y

    Yep, that's their model. It can work for some sellers but not all. Most people still prefer agents they know and trust. There is more to listing a property than pics and videos. Just some things to consider when you select an agent: market knowledge, years of their experience or their team's exp, pricing strategies, transaction management (after you're under contract), etc.

    Broker at Multifamily Properties519 Reviews
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  • Christian Maluo
    Real Estate Broker · Portland, OR · Member since 2025 · 81 posts · 43 votes
    1y

    When someone easily gives away their money, they could also easily give away yours. Locally I find them to be the Uber of Realtors. If one is available and needs business, that is who you get. There are more full service Redfin agents too. I hope you got one of them. And that the buyer's agent (if you get offers) doesn't run over them. The small about you saved may be eclipsed quickly during repair negotiations. 

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  • Don KonipolBusiness Member
    Investor · The Woodlands TX / Avon, CT · Member since 2009 · 6k+ posts · 10k+ votes
    1y
    Quote from @James McGovern:

    Recently listed a property using Redfin that was much improved over local agents. The commission was 1.5% and included not just professional photos but also a 3D virtual walkthrough. They commit in writing to extensive marketing 

    The real question is if a listing agent is merely an access to MLS or represents a real value add in the way of individualized advice for the seller’s particular situation leading to a higher sale price, quicker sale, or “easier’ sale.  

    Some of this depends on (1) the experience and expertise of the seller, (2) the time the seller can commit , (3) the seller’s negotiating ability, and (4) the sellers physical proximity from the property.  

    I have found that I personally can easily handle sales of my own property in the Texas and Arizona markets; using flat fee listing MLS for residential properties, but do better with full agent representation in other markets.  

    Give you a perfect example, though this is commercial property.  We have a property with a relatively new auto repair facility we want to sell.  Appraisal placed value at $2.1 million and we received interest from buyers at $1.8 - $2 million.  We decided to interview the most knowledgeable and successful broker in the area.  Not only was his presentation, knowledge and professionalism top notch, but before pitching for the listing he asked for time to do some research.  Four or five days later he got back to us, and told us that there is significant demand in the area for land, and that there is an “accumulation” going on that can easily include our parcels.  The potential buyers don’t care whether or not the building is on the land, they’re just interested in the lands development potential.  So he brings us an offer for $2.2 million, which we, with his advice negotiate up to $2.3 million with $50,000 “hard” earnest money.  

    I expect that for residential “cookie cutter” SFR sales, the agent would make much less difference. 
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  • Russell BrazilBusiness Member
    Moderator
    Real Estate Agent · Washington, D.C. · Member since 2012 · 17k+ posts · 30k+ votes
    1y

    All one needs to do is google Redfin Reviews.

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