When we started our home search in Dallas, we were faced with the customary option of determining who’s going to make a lot of money off of our purchase. Seriously, 3% of our purchase price (THOUSANDS of dollars) to meet us at 10 houses and work the contract of a final purchase?? Realtors work hard, and I wouldn’t want their job because of the constant availability required, but that’s a lot money. If only I could get a cut of that cash pile… enter Redfin!
My brother in law told us about Redfin because they were looking for a house in Denver and the whole “getting paid to a buy a house” part appealed to them as well. After he mentioned it, we decided to give it a try and see if we could get a nice check from them after purchase.
What is Redfin?
They have it summed up pretty nicely on their website:
“Redfin Agents are full-service agents who get to know you over coffee and on home tours, with one big difference: We’re paid to be on your side.”
I don’t think we ever got a cup of coffee, but we did get a full service realtor. Redfin is different than traditional realtors and most realtors seriously dislike them as they’re a complete game changer in the real estate market. They’ve made buying a house a very transactional process and have become very efficient at it.
They’re not in every city, but they’re growing quickly and will be in every city before they’re through. If you can’t tell, I’m a big fan. However, Redin may not be for everyone – here are some quick thoughts that should help you decide if you should use Redfin: