“You can get great value for your money,” says Redfin President and CEO John D. Goggin.
“You’re getting a property that’s going to be worth a lot in the long run, but you’re also getting a great property that is affordable to the average homeowner.”
The real estate site has made its name in the real estate market as a home-hunting tool for buyers looking to downsize or flip homes.
But the company has expanded its offerings, and in recent years, it’s expanded its reach to include more than 200,000 homeowners, who can choose from a vast array of home-sale options.
And for buyers like Tom, who has been searching for a home for nearly two years, Redfin offers a lot of bang for his buck.
“It’s definitely a bargain,” he says.
“They’re really offering good value for their money.”
“I’ve been searching all day, trying to find the best home in my neighborhood,” he adds.
“This is the one that fits my needs.
It’s close to where I live, and I have a lot to live for.”
If you’re looking for a property, it might not be a bad time to call Redfin to find out what it’s worth.
“The company is growing fast, and it’s growing rapidly, so the demand for their service is growing as well,” says Robyn Williams, a real estate agent and founder of Redfin’s home-buying and sale services.
“People are looking for homes,” says Goggan.
“I can tell you right now, we have a couple hundred properties in our database.
They’re not necessarily in the neighborhood we’re in, but we have them.”
When Tom called Redfin, he said he wanted to downsized from his current two-bedroom home to one with two bedrooms and a bath.
“That’s the goal,” he said.
“My goal is to be in a two-bed, two-bath home.
That’s where my money is going to come from.”
Redfin has a big-name clientele, but for Tom, it may not be so big of a deal.
The company is known for its “buy-one, get-one” deals, and Tom says that he’s made up for his shortfall in savings by taking out a large mortgage on the property, which is now listed for $2.2 million.
Tom’s property was listed for about $2 million at the beginning of the year.
After the sale, he paid $2,000 more than he originally thought, which made it worth $4,000.
For Tom, the big difference between a typical Redfin sale and a typical home-buyer’s purchase is that the company is not only offering a better deal, but they also offer a higher quality of service.
“[They] come in, and they get to know you and you know you’re going to have a great deal on your property,” he tells Real Estate Weekly.
“And that’s a great thing.”
Redfin also offers a variety of property-related services, such as a “buyer education” program, which lets buyers learn more about the property and its properties and how to best navigate the red-light district.
For example, Tom says he can show a prospective buyer the value of a particular area of a home.
The company also offers real-estate agents who are also real estate agents, who offer more personalized advice on the market.
Real estate agents are often more experienced and knowledgeable about real estate than other agents, but the service can be a bit overwhelming for buyers, as it’s more difficult to understand how the properties are sold.
“Buying a property from a real-time appraisal and then a buyer education program is going be a little more time consuming than just a traditional appraisal,” says Williams.
Buying from a Redfins’ real-life property buyer education course is also a little less straightforward.
If Tom decides to sell his home, he’ll need to send a document outlining his financial situation and what he needs to invest in a property.
Once the property is listed, Redfin’s home sales team is typically on hand to answer any questions that buyers may have.
And if you’re a buyer looking to get a home loan, Redfish’s real-world property loan advisors will be on hand as well.
After Tom sells his property, Redfx is able to send him an invoice to complete the sale.
It’s important to note that Redfin doesn’t offer any guarantees that the property will go for a price that you want, but Redfin does offer a “best-in-class” guarantee.
“We don’t make a recommendation,” says Dwayne Parson, a Redfx real estate loan specialist.