Who has used it before? Seems like a good idea. They buy your house at around market rate, clip you for the fees that you would have paid a realtor and then they sell it. Pick your close date, no showings, etc. Seems like they try to give you a few points below full market value though. If they gave you the full Redfin estimate, it would be awesome. TC - $260
Makes more sense in a buyer’s market. Right now sellers can already dictate whatever they want! I sold my house in August for 25% over ask, I only had to show it for a single weekend to get 7 bids, half of those waived inspection, and I could pick my close date. Small inconvenience for a lot of extra profit.
Over ask is not the right parameter coz most agents ask for lower $$ to get more crowd. For eg. if you list a $1M for $800k, and get $1M offer, its 25% over asking but not over its estimate. How much % over you got from say redfin estimate?
It was about 18% over Zillow estimate so I still walked away quite happy.
Are you in Bay Area or Seattle? Redfin consistently underestimates by 15%
Midwest
Oh yeh, that’s a totally different market slowing down now due to companies looking to end WFH… Opendoor could be an option for you.
Are you planning to buy a new home? If so, keep in mind that it may take you months, and while market prices go up, your home price goes up and you will have lost out on that equity
put home on market to allow multiple offers to boost the sales price
In a seller’s market, you want a bidding war