5. Redfin
Redfin has grown quickly since it first launched in 2004 to become one of the largest discount brokerages in the U.S. It now operates across 100+ markets and charges sellers a 1% listing fee; as it’s publicly traded, Redfin must adhere to stringent reporting and transparency standards, making Redfin an appealing option for both buyers and sellers alike.
Redfin provides home sellers with access to a team of real estate professionals when selling their home, including lead and support agents who will serve as guides throughout the process. While this approach may benefit some home sellers, those preferring more personal interaction may find it challenging.
Redfin is well-renowned for its user-friendly website and mobile app, both of which have received widespread critical acclaim. Redfin’s technology gives your home listing an edge against competition while connecting you with potential buyers; for example, using its app you can share property details instantly with friends and family so they can help find you your dream home!
Redfin provides a 1% listing fee, but does not offer all of the services expected from traditional real estate brokerage firms. For instance, Redfin does not offer local multiple listing service in Manhattan which is essential part of home buying and selling process. Furthermore, some home valuations using algorithms instead of physical inspection may result in substantial savings over traditional brokers; furthermore Redfin’s minimum listing fees vary across cities/states potentially negating any savings you might expect to gain by opting for its lower commission rate.