Hi Everyone! We are close to finish our flip, it's in a sought after area of San Diego for single family homes. I have plans to use a Redfin agent to sell it with the intent to save some money on commission. Since this is our first time, I am looking for your opinions based on experiences using a Redfin agent. I've also heard of companies like Faira which you sell at 0% commission using their platform and dashboard to sell on your own. Please share your insights.
Any information is appreciated!
@Rachel Hart Redfin agents get paid a salary, benefits, vacations. They get paid whether or not your home sells.
A Realtor like me gets none of those things. I pay for my own health insurance, marketing, car, gas, website, MLS and NAR fees, etc. The only way I ever get paid is when my clients either buy or sell a property.
Which of us do you think is more motivated to hustle for you when a showing request comes in for a "right now" showing at 7:00 on a Saturday night?
Will a sharp agent with strong negotiating skills sign on with an agency where they make a high percentage of the gross commission - or will they take the safer, but low income model?
Redfin likes to shout about the 1% commission they charge - but then you have to add on the commission for the buyer's agent. Around here, I'm seeing 2%, which is at the low end of customary.
So with Redfin, you'll save 1%-2% and have (at least in my opinion) inferior representation. Which would you prefer?
Im a real estate agent that goes to school in San Diego. I’m looking to connect with real estate investor to see what I can help them with or just connect and talk about real estate. My long term goal is to invest in real estate, but for the time being that I am in school I am working as a real estate agent. If there is anything I can do for you or you would like to talk about real estate or the market don’t hesitate to reach out.
@Charlie MacPherson thank you for bringing up those points, very valid and I will be taking them into consideration!
I'd sell on redfin. More and more buyers are going to sellers directly online. So let your redfin guy make 1%. It very well could be that's all you'll pay as you might get a direct buyer. Hell, put 0% buyers agent commission. No office to Charlie but I think real estate agents are going to go the way of travel agents. They're just not as needed anymore.
@Rachel Hart, which way did you go? We have used Redfin and had a smooth transaction months ago in selling our home in SoCal. My agent and the whole crew were motivated, helpful and hardworking. My wife and I are planning to use them again as we are new buyers here in NorCal.
Would also love to hear anyone else's experience buying using Redfin.