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bunnyluck
LIF Adult
Member since 1/14 3196 total posts
Name:
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Anyone sell a home using a Redfin agent?
Pros/cons?
Looks like low commission. I'm usually in the camp of you get what you pay for, but from past experiences I'm reluctant to use a sellers agent to begin with.
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Posted 2/21/18 12:41 PM  |
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Prudential Douglas Elliman Real Estate
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NYCGirl80
I love my kiddies!
Member since 5/11 10413 total posts
Name:
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Re: Anyone sell a home using a Redfin agent?
Are you referring to the 1% listing fee? Read the fine print. That doesn't include commissions. I don't think it's cheaper to sell with a Redfin agent. Go with a local agent who knows your area that you trust.
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| Posted 2/21/18 4:07 PM |
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luvbuffet
LIF Adult
Member since 7/10 6470 total posts
Name:
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Re: Anyone sell a home using a Redfin agent?
I think it comes out to 3.5% The listing agent on the house we bought was a Redfin agent. He also sold our neighbors house which we were in a bidding war with the current owners. I had my home’s previous owner over the other day and he said he was extremely happy with him. I would go with someone based off of recommendations vs someone that takes a lower commission.
Message edited 2/22/2018 5:19:31 AM.
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| Posted 2/22/18 5:19 AM |
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bunnyluck
LIF Adult
Member since 1/14 3196 total posts
Name:
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Anyone sell a home using a Redfin agent?
It would be 3% total. We're appearently in a lower commission market.
I'm torn. The thing is, I'm at the point where I don't even want to use a sellers agent. We've been through this proces a few times already and I honestly found our sales agent almost useless each time.
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| Posted 2/22/18 8:57 AM |
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JandJ1224
Member since 6/06 5911 total posts
Name:
Jannette
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Re: Anyone sell a home using a Redfin agent?
What is being offered out to buyers agent on 3% commission?
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| Posted 2/22/18 9:38 AM |
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loveus
LIF Adolescent
Member since 9/13 684 total posts
Name:
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Re: Anyone sell a home using a Redfin agent?
Posted by JandJ1224
What is being offered out to buyers agent on 3% commission?
My guess would be the buyer would have to pay their sellers agent to make up 2%. For example if the sellers agent gets 1% the buyer would have to pay 1% to their agent.
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| Posted 2/22/18 9:50 AM |
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loveus
LIF Adolescent
Member since 9/13 684 total posts
Name:
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Re: Anyone sell a home using a Redfin agent?
Posted by bunnyluck
It would be 3% total. We're appearently in a lower commission market.
I'm torn. The thing is, I'm at the point where I don't even want to use a sellers agent. We've been through this proces a few times already and I honestly found our sales agent almost useless each time.
Why don’t you sell yourself if you have done this before and have knowledge?
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| Posted 2/22/18 9:51 AM |
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NYCGirl80
I love my kiddies!
Member since 5/11 10413 total posts
Name:
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Re: Anyone sell a home using a Redfin agent?
Posted by bunnyluck
It would be 3% total. We're appearently in a lower commission market.
I'm torn. The thing is, I'm at the point where I don't even want to use a sellers agent. We've been through this proces a few times already and I honestly found our sales agent almost useless each time.
So really you're talking about 1%? It's not worth it to save 1% IMO.
If you haven't liked your agents, then find a new one!
I wouldn't personally sell without representation.
There are too many decisions and pitfalls, plus negotiating! We've bought, sold, and are now buying again, and we used Christine (on this site) all 3 times. Have you considered talking to her?
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| Posted 2/22/18 11:41 AM |
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bunnyluck
LIF Adult
Member since 1/14 3196 total posts
Name:
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Anyone sell a home using a Redfin agent?
I haven't. I have a consolation this weekend with Red Fin. It's a fairly decent savings to use them or go FSBO...maybe I'll reach out to her if we decide to use a broker. I might try FSBO and see what happens. I honestly think out home will sell very quickly. We just bought it a few months ago and there were multiple offers all over asking, since then the inventory has dropped even more in our area.
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| Posted 2/22/18 11:57 AM |
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luvbuffet
LIF Adult
Member since 7/10 6470 total posts
Name:
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Re: Anyone sell a home using a Redfin agent?
The buyer doesnt pay to make up the difference
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| Posted 2/22/18 5:20 PM |
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bunnyluck
LIF Adult
Member since 1/14 3196 total posts
Name:
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Anyone sell a home using a Redfin agent?
I think they take 2% for the buyers agent or we pay them directly. It's really only a 1% savings, if you find a realtor who takes it on for 4%. So not a huge savings, we'll I guess that depends on your sales price and your definition of huge.
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| Posted 2/22/18 5:55 PM |
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Re: Anyone sell a home using a Redfin agent?
Posted by NYCGirl80
Posted by bunnyluck
It would be 3% total. We're appearently in a lower commission market.
I'm torn. The thing is, I'm at the point where I don't even want to use a sellers agent. We've been through this proces a few times already and I honestly found our sales agent almost useless each time.
So really you're talking about 1%? It's not worth it to save 1% IMO.
If you haven't liked your agents, then find a new one!
I wouldn't personally sell without representation.
There are too many decisions and pitfalls, plus negotiating! We've bought, sold, and are now buying again, and we used Christine (on this site) all 3 times. Have you considered talking to her?
Thank you for the recommendation!
Bunnyluck, let me know if I can help. I often meet with sellers who are considering going the FSBO route, so I'm happy to consult with you, no obligation.
Given that you said you have used a listing agent before, and found them to be useless or disappointing, I'd definitely want to know more about that. I'm very honest and upfront ... I think it's key for both agent and client to communicate and set expectations. You should definitely talk to a few agents, including Redfin, if that's appealing to you, to find out what each one offers, and with whom you feel comfortable.
If you want to contact me directly, it's [email protected] orv516.587.7618. I'm happy to chat or answer questions!
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| Posted 2/25/18 9:00 PM |
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