Updated over 8 years ago on . Most recent reply
Redfin NOW....how will this new service affect REI's
Hello everyone.....happy 4th of July!
I've just come across an article regarding Redfin and a new service they are offering called Redfin NOW. Its a service in where they buy a house directly from a homeowner at a discounted price...while promising a quick payoff to the owner. Does this sound familiar fellow REI's? How will this affect our businesses when a big player comes in and tries to mirror our home buying process? Redfin is well capitalized and they've just recently filed to go public with a scheduled IPO.
https://www.geekwire.com/2017/redfin-testing-redfi...
https://www.redfin.com/now
Most Popular Reply
How does "We Buy Ugly Houses" (HomeVestors) impact us now? ... others?
I don't forsee markets that "magically" drain of opportunities or any such impact. Just another competitor.