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Updated over 5 years ago,

User Stats

87
Posts
39
Votes
Edward Seid
  • Real Estate Agent
  • Seattle, WA
39
Votes |
87
Posts

Redfin Direct - No agent representation needed for buyers

Edward Seid
  • Real Estate Agent
  • Seattle, WA
Posted

Redfin just released their future business model today, albeit only in BOSTON right now. It's called Redfin Direct and you can elect to have no agent representation when buying a Redfin-listed property. 

https://www.redfin.com/blog/redfin-direct-unrepresented-buyers/

Sellers who chose these non represented buyers pay a 1% buyers fee on top of their 1% sellers fee for a grand total of 2% for the transaction! As an agent, I can see my commissions eventually taking a hit.

Redfin is a true market disruptor. Can I get a holla from everyone in Seattle?!

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