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Updated about 2 years ago on . Most recent reply

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Ashish Chadda
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8
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Offer was declined by redfin agent

Ashish Chadda
Posted

Hi, I put an online offer but it same declined by redfin agent. Eventually that house was sold for 10k less.

can I take any legal action against redfin 

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2,367
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Jonathan R McLaughlin
  • Rental Property Investor
  • Boston, Massachusetts (MA)
2,245
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2,367
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Jonathan R McLaughlin
  • Rental Property Investor
  • Boston, Massachusetts (MA)
Replied

ouch. sorry to hear that. I'm not anti innovation at all but using generic online stuff definitely puts you at a disadvantage in most markets. Redfin, Rocket Mortgage I know there are a bunch of others. When its really competitive as in Boston, online approvals or other type of widget brokerages are a real disadvantage. I know of brokers who routinely screen out online pre-approvals for sought after properties. Might change in a down market but I doubt it. Real estate is really 'sticky' and brokers protect their turf well, and its not just self interest. They want to deal with agents known to close etc.

  • Jonathan R McLaughlin
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