Has anyone sold house though Redfin? How much commission did you pay to the Redfin seller agent? They claim you can pay only 1%, is that true? How much did you pay to the buyer's agent?
Haven't sold with them, but you pay the full 3% buyers fee and only 1% sellers fee. Basically saving 2% on the sellers fee. They have a "home proceeds calculator" on their site that will show you exactly how much it will cost to sell including realtor fees, taxes, etc.
We charge 1% on the sell side in Seattle and several other markets. As the seller, you decide how much to offer the buy side agent. You get full service on the sell side and then some (lots of email marketing, Facebook ads, nice photos, yard sign, open houses)
Thanks for the useful information.
Redfin better kill this outdated industry. 6% for selling a house is insane. All the information is available online, and the forms are templates written by lawyers.
As soon as you figure out how to kill the realtor lobby...
My realtor was the only reason j got my house. The 2 knew each other and while we didn't get any hard numbers she encouraged us to make our offer a bit sweeter. Ended up in a showdown between us and another couple. Maybe we got played (I doubt it), but we got the house. It was our 5th offer but turns out the best house of em all
So basically props to our realtor. We would have struck out if we put an offer through on redfin
That's a selection bias, if you are implying Realtors can be as helpful as in your case. Connections means nothing if your offer isn't top dollar.
Redfin is okay to sell your house but their agents aren't top notch and therefore you might not get top dollar for your house. Some buyers realtors might not show the house if they see its listed by Redfin. I used a realtor to sell my house and she was great. PM if you need details.
What makes you say our agents aren't top notch?
I used them. They charged me 1% instead of 3% or 2.5% quoted by other realtors. The process was quite smooth. They took really good photos. Plus they told me how much interest my listing was getting on their website. Pricing was good, open house was hassle free. Sold in a week above listing. Would recommend.
I'm guessing you'll want to list at higher than 1% for the buyer agent as many agents simply wont take their clients to see the property...