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Updated over 5 years ago on . Most recent reply

User Stats

14
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2
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Rachel (Raquel) Hart
  • Flipper/Rehabber
  • San Diego, CA
2
Votes |
14
Posts

Should I use Redfin to sell my flipped property?

Rachel (Raquel) Hart
  • Flipper/Rehabber
  • San Diego, CA
Posted

Hi Everyone! We are close to finish our flip, it's in a sought after area of San Diego for single family homes. I have plans to use a Redfin agent to sell it with the intent to save some money on commission. Since this is our first time, I am looking for your opinions based on experiences using a Redfin agent. I've also heard of companies like Faira which you sell at 0% commission using their platform and dashboard to sell on your own. Please share your insights.

Any information is appreciated! 

Thank you! 

Rachel

Most Popular Reply

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3,412
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4,013
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Charlie MacPherson
  • China, ME
4,013
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3,412
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Charlie MacPherson
  • China, ME
Replied

@Rachel (Raquel) Hart Redfin agents get paid a salary, benefits, vacations.  They get paid whether or not your home sells.

A Realtor like me gets none of those things. I pay for my own health insurance, marketing, car, gas, website, MLS and NAR fees, etc. The only way I ever get paid is when my clients either buy or sell a property.

Which of us do you think is more motivated to hustle for you when a showing request comes in for a "right now" showing at 7:00 on a Saturday night?

Will a sharp agent with strong negotiating skills sign on with an agency where they make a high percentage of the gross commission - or will they take the safer, but low income model?

Redfin likes to shout about the 1% commission they charge - but then you have to add on the commission for the buyer's agent.  Around here, I'm seeing 2%, which is at the low end of customary. 

So with Redfin, you'll save 1%-2% and have (at least in my opinion) inferior representation.  Which would you prefer?

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