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Old 12-31-2020, 07:18 PM
 
18 posts, read 27,158 times
Reputation: 18

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I tried finding threads of people with experience here with little luck for our area.

Has anyone here had experience selling through Redfin vs a traditional agent? I live in the Rancho Mission Viejo area with homes flying due to very low inventory and recent popularity in the area. Very simlar to most of Orange county. I don't see the value in paying the additional 1.5-2% when the buyer will likely find the home on their own and use the realtor to process the sale.

Any thoughts?
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Old 12-31-2020, 10:10 PM
 
Location: Sandy Eggo's North County
10,300 posts, read 6,822,244 times
Reputation: 16857
Often, the realtor agent/broker can bring "extra dollars" to the seller, that a cookie cutter real estate service might miss.

Let's face it, an RE agent, familiar with your area, will work to get top dollar on a property. They will work their "farm."

An RE firm? They do bulk, as fast as possible. They have no "farms" nor local expertise.

Now, there's nothing that says fees are not negotiable, unless it's in a contract. The typical 6% can be $100,000+ for some properties. Even the "common" props can be $100K in fees. It's up to you if you think the RE agent is worth what you're paying them...
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Old 12-31-2020, 11:58 PM
 
18 posts, read 27,158 times
Reputation: 18
Quote:
Originally Posted by NORTY FLATZ View Post
Often, the realtor agent/broker can bring "extra dollars" to the seller, that a cookie cutter real estate service might miss.

Let's face it, an RE agent, familiar with your area, will work to get top dollar on a property. They will work their "farm."

An RE firm? They do bulk, as fast as possible. They have no "farms" nor local expertise.

Now, there's nothing that says fees are not negotiable, unless it's in a contract. The typical 6% can be $100,000+ for some properties. Even the "common" props can be $100K in fees. It's up to you if you think the RE agent is worth what you're paying them...
Appreciate tour comments. Thank you.
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Old 01-14-2021, 11:35 AM
 
Location: Orange County, CA
7 posts, read 5,964 times
Reputation: 12
It sounds like you understand Redfin's model. Stick a sign in the yard in as many yards as possible. I am not a discount Realtor so my advice is of course biased ; ) But the negative is actually in your positive. Houses are getting multiple offers, yes. And homes sell with very little marketing needed, yes. However, who do you want negotiating for you...a discount brokerage who's focused on the next listing or your trusted real estate advisor who's ultimately there for you...to save you money, time & headaches.

I "had" a friend who listed with Redfin (JK...we're still friends) and the above was her complaint. They actually cancelled the listing and decided not to move...their agent left a negative impression on the selling process and they decided to stay put and build a pool. When they do decide to sell...I will be listing it. My favorite comparison...would you hire a top rated accountant to do your taxes or HR Block...who would likely save the most money... same with Real Estate Advisors, if that makes sense.
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Old 01-16-2021, 07:03 AM
 
Location: So Ca
26,720 posts, read 26,793,862 times
Reputation: 24785
Quote:
Originally Posted by Tigertan888 View Post
I don't see the value in paying the additional 1.5-2% when the buyer will likely find the home on their own and use the realtor to process the sale.
You want a realtor to represent YOU, the seller. I cannot imagine selling a home without a realtor (no, I am not in that industry). When I think of the number of issues that could go wrong in a residential real estate transaction, it's worth every penny of the commission that one pays.
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Old 01-17-2021, 03:34 PM
 
18 posts, read 27,158 times
Reputation: 18
I decided to work with a realtor. Per the above, it is worth the headaches and we can demand a premium to pay for the fees. Thanks everyone.
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Old 01-25-2021, 02:05 PM
 
Location: Orange County
7 posts, read 19,138 times
Reputation: 10
Redfin agents are paid hourly and don't really care if their listing gets sold or not, they get paid regardless! They also have an upcharge for certain things a non-redfin agent does as a part of their full service. And not all agents are created equal, its best to interview a few and see who seems to be the best fit for you.
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