SEATTLE--(BUSINESS WIRE)--Redfin (www.redfin.com), the next-generation real estate brokerage, today announced the debut of its home-buying and selling services in El Paso, Corpus Christi and the Rio Grande Valley. People can now search all the agent-listed homes for sale in these cities on Redfin.com and the Redfin iOS and Android apps and work with local, Redfin-employed real estate agents to buy and sell homes.
“I am beyond excited to announce Redfin’s launch in El Paso, Corpus Christi and the Rio Grande Valley and offer local residents a new and better way to buy or sell their home,” said Jason Aleem, Redfin broker and district manager in Texas. “Texas is seeing an influx of people moving here from other states because of the job opportunities and more affordable cost of living. This migration is causing many real estate markets across the state to feel more like California than Texas, a trend we expect to continue. Redfin sees many opportunities to grow our brokerage in new places and in cities where Redfin is already well established.”
Redfin began in Seattle in 2006 with the mission to reinvent real estate to benefit consumers, and has steadily expanded to more than 70 major U.S. cities. The Redfin model is different from that of traditional brokerages in how it combines its advanced technology with full-service agents who are paid a salary, receive benefits and earn bonuses based on customer satisfaction. All reviews for every Redfin agent are published on their online profiles.
Most Redfin customers discover the company through its website, allowing Redfin agents to spend all their time working with existing clients and zero time looking for new business. As a result, Redfin operates very efficiently, and can pass along savings to its clients. For buyers, Redfin refunds part of the buyer’s agent commission. For example, a homebuyer purchasing a $400,000 home with a Redfin agent would receive a refund of about $3,000. For sellers, Redfin agents charge a 1.5 percent listing fee rather than the typical 3 percent while providing the complete home-selling service, including pricing and staging advice as well as free professional photography and marketing. Someone selling a $400,000 home with a Redfin agent would save about $6,000. To date, Redfin has saved its customers more than $200 million in real estate fees.
With the arrival of Redfin comes a host of technology features that benefit both website users and brokerage clients:
- Book It Now: Ability to instantly schedule a home tour with a Redfin agent with a single click from a browser, iPhone, iPad or Android app.
- Instant Updates: Smartphone or email notifications when new homes are listed or when prices drop.
- Redfin Hot Homes: Proprietary algorithm that indicates which homes for sale are likely to sell within two weeks.
- Redfin Home Value Tool: A more accurate way to find out what your home is worth using self-selected comparable homes for sale in your market.
- Search by School: Shows all the homes for sale served by a certain school with one easy search.
- Tour and Offer Insights: Real-time statistics and notes from Redfin agents about thousands of homes and offers.
- Redfin 3D Walkthrough: High-resolution, interactive views from every angle inside homes listed with a Redfin agent. (coming soon)
- Redfin Matchmaker: Software that recommends unexpected listings to Redfin clients.
- Deal Room: A real-time guide through the closing process, including milestones, deadlines and tasks.
- Redfin Open Book: Reviews of lenders, inspectors and title companies for buyers and handymen, stagers and more with feedback from Redfin agents.
Redfin (www.redfin.com) is a next-generation real estate brokerage that represents people buying and selling homes. Founded by technologists, Redfin employs a team of experienced, full-service real estate agents who are advocates, not salespeople, earning customer-satisfaction bonuses, not just commissions. Redfin.com features all the broker-listed homes for sale, as well as for-sale-by-owner properties that don't pay brokers a commission. Redfin also offers online tools, built by its own software engineers, that make the entire process of buying or selling a home easier and more fun. The company serves major markets across the U.S. and has closed nearly $20 billion in home sales. In 2012, Redfin was named one of The DIGITAL 100: World's Most Valuable Private Tech Companies by Business Insider.