Benefits of Listing with Redfin

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I guess it depends on the market. It our area, many properties sell before they hit the mls and redfin ($1million plus homes). For this reason, I wouldn't dream of relying on a redfin agent to buy, but I also wouldn't use 90 percent of the traditional agents in my area, there are only a select few that are really connected. I'd be more inclined to consider them for selling, but again, prefer my very well connected agent.

Ah, I bet you are a stock picker too?

See, a RedFin agent would be stupid enough to compare stocks with real estate. Please explain how transactions involving liquid and illiquid assets are comparable.

They're both investable assets with fluctuating values based on analyzable underlying fundamentals and the overall supply/demand balance in a particular market. They also have transaction fees and advisory fees attached, and most literature suggests that lowering fees is of more consistent economic value than advisory services. They're actually very similar ... but thanks for your snark, it's why I read DCUM.

[Anonymous]

Many winning redfin buyers in hot market bidding wars like north arlington. Not sure what the difference is. Unless you don't own or know how to operate a computer connected to the internet redfin is a no brainer. You can also ask to be reassigend if you don't like your agent.

[Anonymous]

Anonymous wrote:

Anonymous wrote:I guess it depends on the market. It our area, many properties sell before they hit the mls and redfin ($1million plus homes). For this reason, I wouldn't dream of relying on a redfin agent to buy, but I also wouldn't use 90 percent of the traditional agents in my area, there are only a select few that are really connected. I'd be more inclined to consider them for selling, but again, prefer my very well connected agent.

Ah, I bet you are a stock picker too?

Nope, just intelligent about my local real estate market. Yours may differ

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I am thinking about using Redfin to sell my house. For those that have sold with Redfin before, what are some of the benefits of using them to sell your house?

P.S. I am not interested in fancy marketing materials. I am produce those.

Lower commission is about it. Of course, you get what you pay for.

Hi there REALTOR!

No. Just an experienced buyer and seller. Every Redfin agent I've encountered has been outclassed by their competition.

Also, your lame retort that anyone who criticizes Redfin must be an agent is extremely tiresome. As has been pointed out to you countless times before. You need a new schtick.

How many? What interaction? How do you judge being outclassed?

There maybe one or two stellar Realtors that really make it rain. I concede that a good salesman can be effective and creative.

However, just like picking stocks or wunderkind mutual fund managers, most of us can't really pick that exemplary realtor out of thin air. So just like we will come out ahead with low cost index funds, the low cost real estate agent will be to our economic benefit.

If you have believe you are prescient enough to find those exemplary Realtors, by all means, just know the odds are against you.

It's called word of mouth. But you have to get off the computer and talk to people, maybe too much effort for you.

[Anonymous]

OP here,

To 14:53 Talking to other people is only part of the picture. The most important things a seller/buyer can do is do their own research and come to the table as informed as possible.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I guess it depends on the market. It our area, many properties sell before they hit the mls and redfin ($1million plus homes). For this reason, I wouldn't dream of relying on a redfin agent to buy, but I also wouldn't use 90 percent of the traditional agents in my area, there are only a select few that are really connected. I'd be more inclined to consider them for selling, but again, prefer my very well connected agent.

Ah, I bet you are a stock picker too?

See, a RedFin agent would be stupid enough to compare stocks with real estate. Please explain how transactions involving liquid and illiquid assets are comparable.

They're both investable assets with fluctuating values based on analyzable underlying fundamentals and the overall supply/demand balance in a particular market. They also have transaction fees and advisory fees attached, and most literature suggests that lowering fees is of more consistent economic value than advisory services. They're actually very similar ... but thanks for your snark, it's why I read DCUM.

They're not similar at all. But since you're fixating on it, discount stock brokers underperform full service ones anyway. http://ideas.repec.org/a/eee/reveco/v17y2008i2p258-268.html

[Anonymous]

Anonymous wrote:OP here,

To 14:53 Talking to other people is only part of the picture. The most important things a seller/buyer can do is do their own research and come to the table as informed as possible.

Absolutely, but that isn't going to take you all the way. The really good agents know what pendings are under contract for, have seen every house on your market and tell you how they differ, and like I mentioned earlier, know about things before they hit the mls. You can't do that on your own. And if your agent can't do that for you, they aren't very good. Mine can, and I found her via word of mouth.

[Anonymous]

With redfin do you get assigned an agent or can you pick your own? There are several SAHM "agents" in my neighborhood, and while they all seem like nice people I'm not sure I would want any of them listing or being my buyers agent. If I were to list I would likely use one of the 3-4 very active sellers agents in my market, and move them to 4.5% overall commission.

[Anonymous]

15:15. Your point, about pre-market houses, is considered when you are buying a house not selling. And yes, you can do that on your own as a seller. Since I know my neighbors, we discuss the "state of our hood" often.

I will be buying but not in the same area. If a house is already on the market, I will either use Redfin or a real estate attorney.

[Anonymous]

Anonymous wrote:

Anonymous wrote:OP here,

To 14:53 Talking to other people is only part of the picture. The most important things a seller/buyer can do is do their own research and come to the table as informed as possible.

Absolutely, but that isn't going to take you all the way. The really good agents know what pendings are under contract for, have seen every house on your market and tell you how they differ, and like I mentioned earlier, know about things before they hit the mls. You can't do that on your own. And if your agent can't do that for you, they aren't very good. Mine can, and I found her via word of mouth.

In this day and age of the internet and open houses, you can easily view houses. If you are interested in a listing, why would you rely on someone else's opinion of the interior of a house anyway.

[Anonymous]

Anonymous wrote:With redfin do you get assigned an agent or can you pick your own? There are several SAHM "agents" in my neighborhood, and while they all seem like nice people I'm not sure I would want any of them listing or being my buyers agent. If I were to list I would likely use one of the 3-4 very active sellers agents in my market, and move them to 4.5% overall commission.

You get assigned an agent that specializes in your area. On the buy side, there are associate agents that act as door openers and the main agent is the one that negotiates the purchase.

[Anonymous]

Anonymous wrote:With redfin do you get assigned an agent or can you pick your own? There are several SAHM "agents" in my neighborhood, and while they all seem like nice people I'm not sure I would want any of them listing or being my buyers agent. If I were to list I would likely use one of the 3-4 very active sellers agents in my market, and move them to 4.5% overall commission.

That's a great point about moving them to a 4.5 commission rate. Since I don't want to waste precious evening time, it could be a quick phone conversation.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:OP here,

To 14:53 Talking to other people is only part of the picture. The most important things a seller/buyer can do is do their own research and come to the table as informed as possible.

Absolutely, but that isn't going to take you all the way. The really good agents know what pendings are under contract for, have seen every house on your market and tell you how they differ, and like I mentioned earlier, know about things before they hit the mls. You can't do that on your own. And if your agent can't do that for you, they aren't very good. Mine can, and I found her via word of mouth.

In this day and age of the internet and open houses, you can easily view houses. If you are interested in a listing, why would you rely on someone else's opinion of the interior of a house anyway.

NP here but I disagree that you can have enough information to price the house solely based on the MLS listed. You really have to see several houses (and I agree this can be done through open houses) to really appreciate whether certain houses are truly comparable. I think it's a matter of how much leg work a buyer/seller is willing to put in on their own.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:OP here,

To 14:53 Talking to other people is only part of the picture. The most important things a seller/buyer can do is do their own research and come to the table as informed as possible.

Absolutely, but that isn't going to take you all the way. The really good agents know what pendings are under contract for, have seen every house on your market and tell you how they differ, and like I mentioned earlier, know about things before they hit the mls. You can't do that on your own. And if your agent can't do that for you, they aren't very good. Mine can, and I found her via word of mouth.

In this day and age of the internet and open houses, you can easily view houses. If you are interested in a listing, why would you rely on someone else's opinion of the interior of a house anyway.

I don't go to open houses that I'm not interested in buying but that house still may wind up being a comp for one I do decide to purchase. And if you ever looked at a house IRL, you know that looking only at the listing online gives you about a quarter of the picture. You seem to have a very narrow view of what an agent can do. So, a redfin agent might be perfect for you.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I guess it depends on the market. It our area, many properties sell before they hit the mls and redfin ($1million plus homes). For this reason, I wouldn't dream of relying on a redfin agent to buy, but I also wouldn't use 90 percent of the traditional agents in my area, there are only a select few that are really connected. I'd be more inclined to consider them for selling, but again, prefer my very well connected agent.

Ah, I bet you are a stock picker too?

See, a RedFin agent would be stupid enough to compare stocks with real estate. Please explain how transactions involving liquid and illiquid assets are comparable.

They're both investable assets with fluctuating values based on analyzable underlying fundamentals and the overall supply/demand balance in a particular market. They also have transaction fees and advisory fees attached, and most literature suggests that lowering fees is of more consistent economic value than advisory services. They're actually very similar ... but thanks for your snark, it's why I read DCUM.

They're not similar at all. But since you're fixating on it, discount stock brokers underperform full service ones anyway. http://ideas.repec.org/a/eee/reveco/v17y2008i2p258-268.html

Bwahaahahaa at that attempt. You obviously don't have a clue what that study is saying. And I hardly think that a single response pointing out a number of similarities is fixating ... you asked a question, I answered. You were unsatisfied because the answer invalidated your premise so you scoured the internet to drudge up a horribly outdated and spurious paper and then you used its findings incorrectly. I think we have our verdict ... you are a realtor.