Redfin Commits to Long-Term Expansion of Redfin Now, Buying Homes Directly from Owners
August 09, 2018
Redfin Now™ Launches Third Market,
Long-time Redfin Executives
Redfin Now adds a home-selling choice to the company’s established brokerage service, which charges most customers a 1% listing fee for a full-service listing product. With Redfin Now, homeowners can get an offer within 48 hours of a Redfin Now buyer visiting the home, and receive their cash in as few as seven days of accepting the offer. Redfin Now then prepares the home for market and Redfin lists it online, with the goal of selling it at a profit.
"After more than a decade of selling homes through a combination of local service and technology, Redfin has become one of the best in the business at getting a high home price for a low fee," said Redfin CEO
Redfin Now had outstanding growth in the second quarter of 2018, with purchases increasing from
“Redfin Now is ready for action as a long-term business, having one of Redfin’s most successful field leaders,
Redfin aims to offer the best value to sellers for both Redfin Now and Redfin brokerage sales, and is well positioned to buy and sell homes more efficiently than other companies offering similar services. Software engineers will build technology to support the renovation, promotion and sale of Redfin Now homes. Redfin Now is slated to launch in two additional markets by the end of the year, and a few more in 2019.
Redfin (www.redfin.com) is the next-generation real estate brokerage, combining its own full-service agents with modern technology to redefine real estate in the consumer's favor. Founded by software engineers, Redfin has the country's #1 brokerage website and offers a host of online tools to consumers, including the Redfin Estimate, the automated home-value estimate with the industry's lowest published error rate for listed homes. Homebuyers and sellers enjoy a full-service, technology-powered experience from Redfin real estate agents, while saving thousands in commissions. Redfin serves more than 80 major metro areas across the U.S. The company has closed more than
For more information or to contact a local Redfin real estate agent, visit www.redfin.com. To learn about housing market trends and download data, visit the
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Source: Redfin Corporation