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Updated over 7 years ago on . Most recent reply

User Stats

39
Posts
12
Votes
Jennifer L.
  • Flipper/Rehabber
  • Las Vegas, NV
12
Votes |
39
Posts

Redfin NOW....how will this new service affect REI's

Jennifer L.
  • Flipper/Rehabber
  • Las Vegas, NV
Posted

Hello everyone.....happy 4th of July!

I've just come across an article regarding Redfin and a new service they are offering called Redfin NOW. Its a service in where they buy a house directly from a homeowner at a discounted price...while promising a quick payoff to the owner. Does this sound familiar fellow REI's? How will this affect our businesses when a big player comes in and tries to mirror our home buying process? Redfin is well capitalized and they've just recently filed to go public with a scheduled IPO.

https://www.geekwire.com/2017/redfin-testing-redfi...

https://www.redfin.com/now

Most Popular Reply

User Stats

4,609
Posts
2,990
Votes
David Dachtera
  • Rental Property Investor
  • Rockford, IL
2,990
Votes |
4,609
Posts
David Dachtera
  • Rental Property Investor
  • Rockford, IL
Replied

How does "We Buy Ugly Houses" (HomeVestors) impact us now?  ... others?

I don't forsee markets that "magically" drain of opportunities or any such impact. Just another competitor.

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