Reply to tips for using Redfin as a buyer

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]I'm an agent and mostly list properties, so I love to work with Redfin agents.  They push buyers to bid high and that is good for the seller.

Other things:  You will be strongly encouraged to use their title company and home inspectors.   Home inspectors don't seem to find many problems, again good for seller, because they want to move the deal forward.

Their title company does not use a lawyer at settlement but notaries who manage the signing of documents.  If there is any issue at settlement, the notary does not know how to interpret the contract.  The notaries are also frequently late for settlements because they drive from place to place rather than being located at one office.

The discount they give is fine for what they do.[/quote]

Weird, we used Redfin and they really had no real opinion on our title company or home inspector. We looked on Angies list and referrals from friends. Maybe just like with realtors it depends on the particular agents; I've had friends with Realtors get totally pressured to use their buddy. Not unique to Redfin, that's for sure.

As for pricing, honestly they again had no opinion on pricing; in this sense you are not being served by them as a real estate expert, and it is a very DIY approach.  They were very happy to offer whatever we felt worthwhile, though they were thoughtful about things such as putting an expiration date on an offer to make sure we weren't shopped around in a bidding situation.  In this market, almost every place we looked at had multiple bids over list, so honestly the market was dictating the price, and we really couldn't "overbid" if we actually wanted a property.

And really, how many Realtors really have the analytical chops to accurately value every type of property they transact in? That is a complicated analysis based on history, local economies, interest rates; 90% of realtors I saw walking their clients through open houses spent the time talking about how "nice they could make the property into their home."  If they were that capable of identifying value, they would be real estate investors, not middle men in retail transactions.
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Continue with your sweet conceit[/quote]

I'm was a NP.  What is conceit here? This was our exact experience.

True, I am a bit skeptical of Realtors analytical skills, is that what you think is false? Well, don't worry, I skeptical of financial advisors too, for similar reasons.  [/quote]

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